Comments on: Demystification of Credit for Houston Housing Market Consumers: How Credit Scores are Calculated http://houstonhousingmarket.org/2008/08/demystification-of-credit-for-houston-housing-market-consumers-how-credit-scores-are-calculated/ A Real Estate and Finance Blog Tue, 06 Jan 2009 02:40:21 +0000 http://wordpress.org/?v=2.6 By: admin http://houstonhousingmarket.org/2008/08/demystification-of-credit-for-houston-housing-market-consumers-how-credit-scores-are-calculated/#comment-10 admin Sun, 10 Aug 2008 01:50:25 +0000 http://houstonhousingmarket.org/?p=86#comment-10 Hi Michael, Thank you for your question. The answer is no. You can pay anytime within the 14 day grace period without paying a penalty or being concerned about a negative entry on your credit history. In fact most lenders will not report a late payment to the credit bureau until it is 30 days or more late. Hi Michael,

Thank you for your question. The answer is no. You can pay anytime within the 14 day grace period without paying a penalty or being concerned about a negative entry on your credit history. In fact most lenders will not report a late payment to the credit bureau until it is 30 days or more late.

]]> By: MichaelG http://houstonhousingmarket.org/2008/08/demystification-of-credit-for-houston-housing-market-consumers-how-credit-scores-are-calculated/#comment-8 MichaelG Sat, 09 Aug 2008 18:47:35 +0000 http://houstonhousingmarket.org/?p=86#comment-8 My Mortgage is due on the 1st of each month. There is a 14 day grace period and I have an auto payment set up for the 4th of each month. Does the payment on the 4th show up on a credit report as a late payment? My Mortgage is due on the 1st of each month. There is a 14 day grace period and I have an auto payment set up for the 4th of each month. Does the payment on the 4th show up on a credit report as a late payment?

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