What can the term 'Late Payment' refer to on a Credit Report?

What does the term 'late payment' actually mean on a person's credit report? Does it literally mean the late payment of bills for mobile phones/credit cards/store cards or can you get a 鈥榣ate payment鈥?marker on your report for anything else?

I recently looked at my credit report for the first time and have 'late payment' markers on a regular bank account but don't understand how I can have 'late payments' for an account which I don't "make payments" on it and have never been asked to.

Help! I can't find an answer to this question anywhere else :-s

Thanks :)

What can the term 'Late Payment' refer to on a Credit Report?theatre tickets

Late payment does refer to payments that were made late on bill and credit cards and such. The only thing I can think of for the checking account is if you were negative in the account. Once an account is closed at the bank because of extended overdraft, the individual is put on CheckSystems and must make regular payments to pay off the overdrawn account.

What can the term 'Late Payment' refer to on a Credit Report?opera house opera theater

You said :

" ........... don't understand how I can have 'late payments' for an account which I don't "make payments" on it and have never been asked to..... "

It's something irregular.... r u sure ?

Generally speaking .... late payments are those which are paid after the due date and this may affect the credit score.

Anybody ... ?
jb-

a 30 day late payment is usually refer as to "late payment", most lending institutions only report 30 days, if you are only 10,15 even 29 days late as long as you pay it(processed) before the end of the month you will only be charge a late fee, but won't get reported to the credit bureau.

As far as late payment on your checking account, did you ever Bounce a check?? that might be one, but usually bank don't really report bounced checks to the credit bureau but to Tele Check.

You need to call the bank and find out why you are getting a late payment status on your report, talk to their collections department. Once you are satisfied then ask them to fax you a letter with the details of the error, take that letter and mail it to the Bureau that is reporting the late payment or if all 3 then mail it to all 3 of them, most of the times lenders do notify the credit bureau about it; however, 80% of the time the bureau forgets to remove that. The addresses for Experian, Equifax and TransU should be on your credit report.

Good luck to you
Maybe You should try to google it first ,nonetheless, if you prefer some direct resource ,here might be helpful.http://creditreport.online-helper.info/a...