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I am posting here because I am concerned about a new policy being implemented by the new owner of a retail store I work at. As the title says if we are 60 seconds late for our shift or from our breaks our pay is apparently being docked 15 minutes.
However, if you haven't made your payment by the time the next due date comes, your payment is 30-days late and a notice will be placed on your credit report. Every 30 days a new late notice is placed on your credit report. The late notices progress in 30-day increments: 30 days late, 60 days late, 90 days late, etc. until you reach 180 days late. After 180 days, or six months, of non-payment your account will be charged off.