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30 day late on car payment

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Johanna Guest	Posted: Mon Sep 19, 2011 11:17 pm    Post subject: 30 day late on car payment Like 0 Dislike 0 Hi there… I'm 30 days late on my car payment. However, I have paid the car loan on the 30th day delinquent. I'm not sure how the lender will deal with that. Will the lender report this late payment to the credit bureaus? In the recent future, I am planning to take out a FHA or USDA loan. Will this late payment ruin my chances for another year? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Sep 20, 2011 1:35 am    Post subject: Like 0 Dislike 0 Hi Johanna! Welcome to forums! Normally lenders don't report 30 day late payments. Now it will depend upon the discretion of your lender whether or not he will report the same to the credit bureaus. If late payments are reported to the credit bureaus, then it may ruin your chances for getting a mortgage to buy a new home. Feel free to ask if you've further queries. Sussane
joshuaheckathorn Joined: 09 Feb 2010 Posts: 106 Location: Seattle, WA 18.81 Dollars($)	Posted: Tue Sep 20, 2011 5:07 pm    Post subject: Like 0 Dislike 0 Most lenders wouldn't report this as a 30-day late, but you never know. If they did, it could hurt your FICO score quite a bit assuming you already have good scores. _________________ Creditnet.com: Compare the best credit cards and apply securely online.

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