does late payments affect credit scores?
October 7, 2012 10:41 AM Subscribe
I made several payments to my credit card but it wasn't the full amount and it appears I got charged interest for the stuff I forgot to pay - does this affect my credit score?
posted by cyml to Work & Money (9 answers total)
Long story short - I couldn't get online banking for my credit card so I took to paying for every charge I put on it right away (which was easy cause it's only for one website) because for some reason, my statements kept arriving late.
Anyway, my sister used my card, so I miscalculated and left a carryover balance of 134 that's been carrying over for one month now. I finally got my statement today so I paid it all, but I already have an interest charge on there for the stuff I forgot.
Is this bad for my credit? I don't really know how credit cards work, so forgive me if this seems like a dumb question. This is a new credit card so I don't have much history with it but I've always paid my other credit cards on time.