www.shotcredit.com

 
  • Increase font size
  • Default font size
  • Decrease font size

30 and 60 Day Late on Your Credit

E-mail Print PDF

30 and 60 day late payments on credit reports are a common for customers that have had trouble maintaining good credit. There are a few different ways that credit reporting agencies report late payments.


The different ways that a 30 or 60 day late is reported are:

"Current was 30" or "Current was 60" which means that the account was late by 30 day or by 60 days but is now current with a balance.

"Delinquent 30" or "Delinquent" means that the account is currently past due 30 days or 60 days.

"Paid was 30" or "Paid was 60" means the account was past due but is now paid with no balance on the account.

Last Updated ( Saturday, 15 November 2008 14:25 ) Read more...
 

What Are The Different Types of Bankruptcies?

E-mail Print PDF

Chapter 7 Bankruptcy gives creditors (people whom you owe money to) a fair portion of the money that the debtors (those who are filing for bankruptcy) can afford to pay back. Bankruptcy cancels many of the obligations owed by debtors, giving them a chance at a fresh start. Debtors are to forfeit some property that they own at the time they file a Chapter 7 bankruptcy case. A trustee sells this property and uses the proceeds to pay creditors. A Chapter 7 bankruptcy generally allows debtors to keep the money that they earn after filing for bankruptcy.

Last Updated ( Saturday, 15 November 2008 14:10 ) Read more...
 


Page 2 of 2

Join the Community

Polls

When applying for a bad credit auto loan what is most important to you the customer?
 

Who's Online

We have 5 guests online

Members Online

None

Apply For A Bad Credit Auto Loan

Banner