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1 month late - what is the definition


cw412
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Hi All

 

Can anybody tell me what the definition of 1 month late is for credit accounts and loans.

 

i pay a loan company sometimes a few days late and they are putting 1 motnh late markers on my credit file. Is this right? I thought 1 months would be 1 month. i.e. if payment was due on 24th december and I paid on 24 january is that 1 month late, but what if paid 1st january?

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Any date up to the 24th of January would be classed as one month late for the purposes of credit reference files.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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