How the 30 day late payment affects my credit score?


A 30 day late payment can affect badly your score if it is a recent one, or has been happening on recurring basis. Otherwise, 30 day late payments have no significant impact on your credit rating. 15 day lates do not have impact on your payments, as well.

Also, the 30 and 60 days late payments do not have a great damaging power altogether. A whole different story is a 90 day late payment. Unlike 30 day lates, the 90 day late payments can damage your score for as many as 7 years.

Payments of more than 90 days late do affect your score the same - you are more likely to default that much again and are considered high risk.

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