Last week Equifax, the oldest of the three big credit bureaus was breached impacting nearly 20% of its consumer base totalling 143 million people. Large data breaches have occurred more frequently over the years. Back in 2015 Anthem Health had a breach that affected over 80 million patients, Ebay suffered attacks to 145 million customers in 2014 and Target fell victim to $3 billion in losses due to hacking in 2014 also.
There will come a point in time when a bill or two happens to get paid after its due date. Even the most fiscally responsible person may make a mistake and pay a bill late. This can simply come down to forgetting due to your busy schedule or perhaps you are dealing with tight times and you downright did not have the funds to make the needed payment. Do you understand the ramifications of making a late payment. Additionally when is a late payment considered “late” in the eyes of the credit bureaus?