Not exact matches
The
simple fact is that you will be charged a
late fee if your
payment is
late, regardless of how
late it is; even a single day
late counts
as a
late payment, so be sure to pay on time or, perhaps, even early.
Even if it was
as simple as being a few days
late with your credit card
payment, it leaves a black mark on your credit report that drops your score significantly and serves
as a huge warning flag for future creditors.
When it comes to making loans
as an investor, the risks are pretty
simple: the borrower is
late on
payments or simply defaults.