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New Member

Creditors Don't Show Late Payments - Why Not?

I have two open accounts on my credit report that I'm behind on paying, but they don't show any late payment history (using Turbo's credit score account view) and also list $0 for the amount past due. 

 

Am I just lucky that these accounts aren't accurately reporting the account status to credit bureaus? Can accounts like these suddenly update and reflect the current historical state? 

2 Replies
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Level 15

Creditors Don't Show Late Payments - Why Not?

Yes and yes.  The lender may be giving you a grace period, or they may just be slow to update the credit bureaus, and these late payments could show up at any time.  (Don't forget you have 3 credit reports with the different bureaus and Turbo® only checks TransUnion.)

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
**If a post answers your question, choose it by clicking on "Mark as Best Answer".**
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New Member

Creditors Don't Show Late Payments - Why Not?

Typically lenders will only report late payments if they are 30, 60, or 90 days past the due date.