Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Late Payment Late Payment November 9, 2021 A payment made later than agreed upon in a credit contract and on which additional charges may be imposed.You Might Also Like: Everyday MoneySaving for the Holidays: Tips to Start Early Family MattersBack to School Savings: Tips for Stretching Your Budget Everyday MoneyBuilding and Maintaining Financial Health Throughout Your Life Everyday MoneyWhat Is A One-Time Passcode (or verification code) And Why Would Someone Ask Me For It? Living QuartersFirst-Time Homebuyer’s Playbook: 4 Steps to a Successful Offer