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Does being late 7 days on truck payment hurt my credit score 1st time late?

The answer as to how a late payment affects your credit score really depends on who you are making your payments to. Your creditors decide when to tell the credit reporting agencies about a late payment. I believe each has their own standards and so it can vary.

Generally, if you have a good track record with paying all your bills on time but happen to be only 7 days late on one payment, it is not something to be too concerned about impacting your credit score in any significant way. That is a small error that happens to all of us when we forget about a bill every now and then and they know that.

Your credit score is more affected by patterns of consistent late payments than a one time error. Thanks.