Credit Report Question
Q: Why does my credit report show that I am 30 days late on the same account for the past year? I was only late once a year ago.
A: That is what as known as a "rolling 30-day late", which means you have paid on time every month since you were late, but you never made up the past due amount. If you are late paying an account, you have to pay twice as much the next month to catch up.