04 Feb
Wait. How Long Is This Going To Be On My Credit Report? Part 2
Last article I spoke about the amount of time that negative marks will remain on your credit score. Those ones weren’t so bad. Late Credit Card payments are way more damaging.
Late Payments? Seven Years. A few creditors might show mercy and will wipe out past credit problems if you settle your account immediately. However, a late payment can happen whether your account is thirty days past due, all the way to 150 past due. Seven years from the first day the delinquency was reported will be the day that the information is removed from your credit report. Fortunately, these negative marks are most common and have the least effect on your credit score.
