Late Payment

Can One 30-Day Late Payment Hurt Your Credit Score?

A 30-day late payment will hurt your credit scores. The most important factor in every credit score is your payment history, which accounts for approximately 35 percent of the score. Any late payment is going to have a significant and immediate effect on credit scores.

If you have a pristine credit history and you've never had a late payment, one 30-day late payment may not affect your credit scores as significantly as a series of late payments or charge offs. The impact that the late payment has on your credit score will depend upon your unique credit history. The more recent the late payment, the more it will impact your scores.

The sooner you can bring the account current, the sooner your credit scores will recover. The late payment will remain, but the further in the past it occurred the less effect it will have on your credit scores.

Going forward, the best thing you can do for your credit scores is to pay your bills on time, every time. Learn more about the effects of late payments at the Ask Experian blog.

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Scoped on: 12/05/2017