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myplumblossom · Joined: 16 Dec 2009 Posts: 1 1.32 Dollars($)

Hi,

We just miss our first mortgage payment, which was due on Dec 1. We might not be able to pay the next one on Jan 1 too. But we are trying to make up the payment before we are 3 months late. my husband is looking for a new job.

Do you know when will the lender report to the credit bureau about our late payment? I hope they don't do that before we have a chance to make up the payment.

Thanks,

gmakerley · Posted: Wed Dec 16, 2009 9:18 pm Post subject:

my pb, your missed payment would be reported in january for the first time. if you can make the payment somehow prior to the close of business on 12/31, you can avoid that report to the bureaus. if you cannot pay until january for that december payment, then the 30-day late will appear. it's not a life-threatening disease, so please don't treat it that way. i know it's not a nice thing (been there myself), but things could be worse. if you are able to pay that december payment in a brief period after the first of january, then do that. then if you can make the january payment in january, you'll be back in good graces. it'll take a while to make up for the 30-day late, but if you don't need to borrow for a while that's not so bad, anyway.

i wish you well.

Posted: Thu Dec 17, 2009 12:26 pm Post subject:

Thank you very much George.

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when the lender will report to the credit bureau when our mortgage is behind?