Posts Tagged ‘Late Payments’

Credit scores and late payments

Wednesday, May 23rd, 2012

It is very important to pay your debt on time; otherwise it will badly affect your credit score. Your total credit score includes 35% of your payment history. Thus, if you make late payments, that simply shows your inability of making repayments. It will result in the lender’s unwillingness to lend you. Here are the […]

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Credit Score Do’s and Dont’s

Thursday, August 27th, 2009

There are so much advice out these about how to improve your credit score and what you should do to maintain it.  Here is a quick list to help you know what is best for your credit score. Do: Pay your Creditors on Time This seems obvious but is a struggle for many individuals. This […]

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30 Day Late Payments

Saturday, June 6th, 2009

Consider a less severe form of delinquency 30 day late payments can have a varied effect on your credit score.  Its effects are related to how often this happens.  If you are person who frequently pays your accounts on time then one late payment can have a larger effect than a person who always pays […]

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Posted in Late Payments, Uncategorized | 3 Comments »

Late Payment Effects on Your Credit Score

Friday, May 8th, 2009

The fact is there is nothing you could do to hurt your credit score more than pay your accounts late.  The largest part of your credit score is your payment history to your accounts and the negative entries in this section carries the largest weight.  Also, late payments effects on your credit score are lasting.  […]

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Are Late Payments Killing Your Credit Score?

Friday, February 13th, 2009

Are you paying your credit cards or bills late every month.  Stop!   This could be on of the single worse things you could be doing  for your credit score and credit standing. First, late payments are going to cost you a lot of extra money.  First, there is always going to a late payment fee […]

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