How Payment History Shapes Your Score

Payment history makes up 35% of your FICO score — the single largest factor. Even one 30-day late payment can drop your score by 50 to 100 points, depending on your overall credit profile. Multiple late payments compound the damage and signal financial instability to lenders.

How Late Payments Are Reported

Lenders typically report late payments once an account is over 30 days past due. Reports may escalate as 60, 90, or 120 days late — each level carrying heavier penalties. Once reported, the negative mark can remain for up to seven years under the Fair Credit Reporting Act (FCRA).

Can You Remove Late Payments?

If a late payment is reported inaccurately, you have the right to dispute it. A professional credit repair near me service can help verify records and request removal if the creditor cannot substantiate the claim. Even verified late payments can sometimes be removed through a “goodwill adjustment” request.

How to Prevent Future Late Payments

• Set up auto-pay or reminders for all bills.
• Maintain a calendar of due dates for loans and credit cards.
• Pay at least the minimum balance to avoid reporting delinquency.
• Work with a local credit repair company to monitor your reports monthly.