What happens if I pay my bill late?
It is important to ensure that you pay your bills on time to avoid any negative impacts on your credit report.
- If your payment is not made by the due date, it may be recorded in your credit report as part of your repayment history.
- If your payment is overdue by more than 60 days and exceeds $150, it may be recorded in your credit report as a default.
Repayment history information is kept on your credit file for two years. Default information is kept on your credit file for five years.