Late payments are a little bit more complicated than you might expect. The truth is that late payments will not always show up on your reports, because credit card issuers do not always report them. There is also legislation in place that prevents an issuer from reporting an account as “past due” until 30 days have passed without payment. However, this doesn’t mean that it’s OK to make late payments – there are still actions that the credit card issuers can take to penalize you. Learn much more in our video with credit expert John Ulzheimer.