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Originally Posted by @theCBE
how much of an affect does paying bills late have on your credit?
edit .. to be more specific i mean like cell phone bills/cable bills
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It doesn't affect your credit at all until the company forwards your debt to a collection agency (I believe).
Typically those 'basic bill' providers will let you ride for 3-4 months (or more) before 'getting serious' with you. I don't think they'll report you to the credit bureau until they've basically cut off service and you've refused to pay your 3-4 month (or whatever) outstanding balance.
They'll probably tell you whats going to happen before it does, in an effort to, you know, get you to pay what you owe them, as opposed to selling your debt to someone else for 30 cents on the dollar.