I unintentionally missed a payment of $60 by 4 days. Upon noticing it, I paid it off right away. Will Koodo report this to the credit beaureau and will this have an impact on my credit score?
Thank you
Question
Late payment by 4 days, will my credit score be impacted?
Hi, late payments get flagged at 30+ days past due. Since you paid within 4 days, you’re probably in the clear honestly. They typically don’t report that quick.
That said, set up pre-authorized payments going forward. Prevents this headache entirely and actually helps build your credit if you stay on top of it.
Tough luck, but yeah; it’s likely gonna show up. Koodo reports to credit bureaus, and late payments get flagged at 30+ days past due. Since you paid within 4 days, you’re probably in the clear honestly. They typically don’t report that quick.
That said, set up pre-authorized payments going forward. Prevents this headache entirely and actually helps build your credit if you stay on top of it.
Thanks for the insight, fingers crossed! It genuinely was an honest mistake and I have never missed any payments in my entire life. I have been with Koodo for 10+ years with a solid payment history. Hopefully this doesn’t result in a credit impact...
If there was an impact to your credit it would be very minor and will recover very quickly. I wouldn’t be too concern for such an innocent mistake as it was very minor
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