Late payment
Credit scores & reportsA payment made after the due date, which can be reported to credit agencies.
Overview
Even one late payment can affect your score, especially if it is recent.
Repeated late payments can lead to arrears or defaults.
Why it matters
- Payment history is a key scoring factor.
- Late payments reduce lender confidence.
- They can make credit more expensive.
FAQs
How long does a late payment affect my score?
The impact fades over time, but late payments remain on your report for years.
Can a late payment be removed?
Only if it is incorrect. Otherwise it remains for the normal reporting period.
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