Question

In: Finance

You were 50 days late in paying your credit card bill. How many years will this...

You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit​ history?

Solutions

Expert Solution

Your failure to pay within 50 days will show up in the credit history for 7 years. This is because as per delinquency rule if you default for more than 30 days this mistake will stay on your credit history.


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