Home Credit Score How Long Do Late Payments Affect Credit Score?

How Long Do Late Payments Affect Credit Score?


The credit score is a priority for all transactions based on credit or credit card. When the credit score is mentioned, the first thing that comes to mind is undoubtedly that late payments affect credit score. Because credit score is a 3-digit indicator that shows how responsible we are in making our payments. Late payments are the factors that affect the credit score the most. If a late payment is made, the credit score of a person with a good credit score can be reduced to 100 points. The credit score of those who have a bad score does not decrease that much but still decreases.

The first thing to know in order to manage the credit score is the calculation of credit points according to the data in the credit reports. This means that late payments affect credit score for must be included in the credit report.

In order for late payments to affect your credit score, you also need to do some things. It does not mean that your credit score will be reduced if the institution paying the automatic invoice with a one-time delay receives a penalty from you. Creditors or lenders must notify the 3 credit reference institutions (Equifax, TransUnion, and Experian) that issued the credit reports about the payment delay. However, each creditor or lender’s time to submit documents to credit reporting agencies is different. Therefore, you can refer to your last payment time. The delay in this process is not notified to the credit reference institutions and the late payments affect credit score is 0.

How many years will late payments affect credit score?

Late payments remain in the credit report for 7 years, but as time goes by, the impact on the credit score decreases. However, there are some situations that reduce the negative impact on the credit score. These situations are;

1- Write a goodwill letter,

2- Negotiate,

3- Dispute errors on your credit reports.

Write a goodwill letter;

There is no guarantee that this will work, but you can try to write a letter of goodwill explaining your status, your history with the lender, and you take the responsibility for the error. However, in some cases this may not be sufficient or may not be sufficient to correct your credit score. Late payments affect credit score.


You can contact the lender to remove the effect of a delayed payment. If you pay the full debt or accept a partial settlement, the lender can remove the negative sign. If this happens, it is better for you to make a written agreement.

Dispute errors on your credit reports;

If you haven’t paid late, but you see a late payment or error in your credit report, you should contact the credit bureaus. You have the right to challenge the errors in the credit reports, and if the credit bureau cannot prove it, it must remove it from the credit report. For these reasons, you should follow up your credit reports from all three credit bureaus. The error may be in one or two credit bureaus, but not in the other or others. Late payments affect credit score if you do not carefully review credit reports.

To avoid late payment, set your payroll and payment day to match, or issue an automatic payment order. Set up text alerts reminding you of your payment time several days in advance.


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