This question naturally comes in the mind of many people that if there is a delay of one day in making credit card payment or if there is a delay of one day in paying any installment. So what is the impact on credit score. So let us tell you that there are different rules for this.

Most of the banks and credit bureaus in the country do not put the delay of less than 30 days in the category of late payment. That is, if you have made payment after just one day. So there is almost no effect on the score. This is not even recorded in the report.

Often banks and credit card companies also give a small grace period. This means that if your due date was Monday and you made the payment on Tuesday. So it is not considered late. You must definitely check what your bank’s policy is. Because the rules of every bank are not the same.

Even if one day late payment does not affect the score. But late fees may apply. Banks and card companies may impose a small penalty, which is usually not very high. But if it becomes a habit. So these charges keep increasing and become a burden on your pocket.

Credit score normally deteriorates when the payment remains pending for more than 30 days. However, if payment is made late by 60 or 90 days, it can bring down the credit score significantly. Therefore, it is important to take special care of this matter.

If you forget the due date of your payment. And in this process you miss the payment. Then you can start auto debit service in your account. Due to which payment will be made automatically from your account on the due date.