Sep
30
Coral asked:
How many points does your credit score go down for every late mortgage payment made 30-35 days after the due date?
How many points does your credit score go down for every late mortgage payment made 30-35 days after the due date?
Is this hard to repair?
Kansieo.com
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2 Responses to “How many points does your credit score go down for late mortage payments?”
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It totally depends on your circumstances. They don’t just say, “this guy was 35 days late so we’re going to tap him for minus 20 points.” If you ignore all collection calls, don’t write or even try to find ways to pay the debt (if it’s not on record), they’ll tap you for about 50 points for each occurence. If you really try to resolve the problem by calling the debtor and making arrangements and then by actually taking the action you promised, you can really keep points from being taken off. You just have to use common sense and you can keep your credit from dipping any further.
The Source below is a great resource for these types of questions.
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Once it goes to collections assume about 100 points per missed payment. Repair it?, that should be the least of your worries , mortgage is such a key bill to pay that it should be your priority.