Skip to main content

Credit Repair Drill

Credit Repair Drill

Putting your credit pieces back together

Late Payments – How they affect your credit

How to Rebuild Credit After a Late Payment

Making late payments on one of your credit accounts could lead to a drop in your credit score. Also late payments remain in a credit report 7 years from the original delinquency date

When your payment is more than 30 days late, your creditor may report it to the credit reporting agencies (CRAs). Once reported, the late payment will be listed on your credit report depending on how late they are: 30 days late, 60 days late, 90 days late, 120 days late, 150 days late, or charged off.

It's never good to let your payments pass the due date, but when that happens, the degree to which a late payment may affect your credit score can depend on multiple factors. As far as your FICO credit score is concerned, a late payment will be evaluated based on:
How severe it is
How recent it is
How frequently you've paid late

Scenario One:

You have late payments on your credit report.
Do you have late payment?


1. For a few 30-60 day late payments, request your creditor/lender/CRA to remove them from the report.
2. For 90-120 day late payment, usually creditors write-off the account as a charge-off which will remain on the credit report for 7 years.
Understanding Credit
DIY Credit Repair
Negative Items

Related Content

How to order a free credit report Dealing with Credit Bureaus
How to repair bad credit yourself Profile of a Perfect Credit
How to Improve your credit score Credit & Marriage
How to dispute negative credit Know your legal rights



How long negative information stays on your Credit Report

Late payments: 7 years

Charged off accounts: 7 years

Collection accounts: 7 years

Civil judgments: 7 years

Chapter 13 bankruptcy: 7 years

Chapter 7 bankruptcy: 10 years

Inquires: 2 years
Tip of the day!

Do you know...
Your loan is delinquent when payment is 30 or more days past due.