Paying late could be one of the worse things you could do to hurt your chances of getting a good credit score.  Late payments effect your payment history which is the largest part of your credit score.  But there are several other areas of your life it could effect.
First is the money you will lose [...]

Category: Late Payments, Payment HistoryTags: account history, Late Payments | Comments (3)

As your payment history is 35% of your FICO score, negative factors such as delinquencies and late payments are a major point of review.  How long you took to pay a delinquent account is known as severity.  It is usually classed as 30, 60, 90, 120 days late, but could also include collections, repos, foreclosures, [...]

Category: Late PaymentsTags: Credit Score, Late Payments | Comments (0)