Most of the financial lenders will not report a late payment to the credit bureaus until it has reached 30 days past due. Once you have reached past the 30-day mark, you may expect this to negatively impact your credit score. Your payment history is one of the main factors lenders use to determine your creditworthiness.
Until you pay the balance on the missed payment, you will be one payment or even one month behind on your loan. A single 90 day late payment also factors heavily in your credit score and may be damaging to your score. A late payment can lower a credit score by 15 to 50 points.
Credit Repair Kings is a professional credit repair company specializing in disputing and removing incorrect information from your report. Schedule your no obligation consultation with Credit Repair Kings today to discuss the removal of late payments from your credit report.