Can auto finance company report a negative rating on past due charges?
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I've had an auto loan for about 4 years now and I've been late (never 30 days) and have requested some extensions resulting in additional charges. They're saying that all these fees will be due in one lump sum at the end of the cycle leaving me with a rather large (last) payment. Can they report this to the credit bureaus or can they only report the regular payment as a late?
Can auto finance company report a negative rating on past due charges?Auto finance is what I do for a living and yes they can report the last payment as late if your over 30-days past the due date.
Can auto finance company report a negative rating on past due charges?not sure but i believe so
Can auto finance company report a negative rating on past due charges?I would think that could come up on your credit report.
It would need to be explained.
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