How long does missed payment stay on your credit report

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A missed payment can stay on your credit report for up to 7 years from the date of the first delinquent payment.

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Even after you pay the bill, it remains on your report for around 7 years starting from the original date of delinquency.

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The late payment's effect on your credit score decreases over time, but it can still have a negative impact on your score.

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Late payments can drop your credit score by as much as 180 points and continue to impact future credit efforts.

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Creditors must wait to report missed payments to the credit bureaus until they’re at least 30 days late.

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This means your credit score won’t be affected or drop if you manage to pay within those 30 days.

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However, some creditors will charge you a late fee for missing your due date. Check with your issuer.

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Missing a payment and not paying up will increase your interest rates and add more debt to your finances.

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Make all payments on time to avoid negative consequences of a missed payment on your credit report and credit score.

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