Comments on: What is considered a late rent for mortgage?

By: Jack of All Trades

Jack of All Trades — Thu, 11 Mar 2010 02:36:33 +0000

They are all different. But remember, just because there is a late fee doesn’t mean it will effect your credit. Credit is only reported every 30 days, so on the 30th day you are late, it will ding your credit.

By: !!!

!!! — Thu, 11 Mar 2010 01:44:22 +0000

The condition that meets “late rent” is in your void lease agreement. But in general no late payment charge means no late rent.

By: charonnisis

charonnisis — Thu, 11 Mar 2010 00:51:06 +0000

As long as your complicated isn’t charging you the late fee, then they are not exposure you as paying late.

By: Wisher

Wisher — Thu, 11 Mar 2010 00:29:06 +0000

30 days is the “grace” period but technically your payment is late if it is one day past your due date. That is why there is a due date – its due on that date.

By: Ozeki

Ozeki — Thu, 11 Mar 2010 00:26:55 +0000

By: marystoy_2000

marystoy_2000 — Wed, 10 Mar 2010 23:45:41 +0000

That depends on the company. There are also different levels. You can be late and not have any penalty. Then there is late and you will be assessed a late fee. Then there is late and you will be reported to a credit agency. Mine, 15 day grace period and after 30 they start taking action

By: MISS-MARY

MISS-MARY — Wed, 10 Mar 2010 23:14:16 +0000

Maybe…depends on the finance…it is written up. But, if you pay like that it will make your credit report look like crap. They do care and if it’s always at the deadline or past it will not be a excellent thing at all for your future plans. Pay on time or early!!!

By: punkmommy

punkmommy — Wed, 10 Mar 2010 23:13:15 +0000

Depends on company policy. Mine is late after 15 days

By: Akbar B

Akbar B — Wed, 10 Mar 2010 22:41:05 +0000

Yes it is.

By: curmudgeon

curmudgeon — Wed, 10 Mar 2010 22:04:32 +0000

no late fee….not late.