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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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Well, I work for Telus and think I might be able to help you with that one.... Though if you're with someone else I can't guarantee it's the same process.
If you're consistently late, it hurts your credit with us and you end up with a shorter leash, meaning we'll suspend you quicker. We only ever report it to a credit bureau though if we have to cancel for non-payment. If we've done that, but you pay it off right away it's a small hit. If it goes to collections, it's much larger.
Hope that helps.