Discover which debt relief companies will provide you with honest and professional debt solutions. Here you can research all your options, ask questions, and decide which type of debt solution is right for you!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.
