by Answerbag Staff on November 8th, 2009

Answerbag Staff

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How much does one late payment affect a credit score?

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  • by Mark Rhyman on November 8th, 2009

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    Credit-scoring agencies are more lenient when it comes to late payments than many may assume. However, if a payment is 90 days late or more, it has a long-term negative effect. The specific damage varies greatly, depending on how much was owed and how late the payment: 30, 60 or 90 days.

    Source:

    Fool.com

    ratenerd.com

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