Medsport
Well-Known Member
- Thread starter
- #1
I may have really messed things up in getting a new car, at least in the short term. I have been making my Mustang payments mostly on time for the 3.5 years I've had the loan (72 month 0% term). I have been a day or two late at times, but there is a 10 day grace period and I was a couple weeks late once. Anyway last month I logged into the ford credit site to make a payment and I swore it said no payment was due. I thought well, I had been paying a little extra some months so I thought maybe I paid enough extra that the min. went to zero. I had the money to pay it, but thought with the current virus conditions, it would be better to save the money just in case. Well I didn't open my next bill until a day before it was due and to my surprise it said I owed for two months plus a late fee! I called them to check and sure enough, they are counting it as a missed payment. I have the money and went ahead a paid, but what has me worried is if they will report it to the credit bureau. They did remove the late fee since it was the first time in over 2 years, but they can't say for sure if it will get reported. It was right at 30 days too. I just wish I had opened my bill a day earlier, but never had an idea anything was wrong. They said if it does end up going to the CB, I can send a letter to them to dispute it and give an explanation. I just hope it doesn't effect my credit rating as I was right around the 750 mark to get a good rate and was hoping to qualify for 0% although still not sure which car I'm going for.
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