There are two different types of late payments. Each affects your credit score differently.
There’s secured and unsecured late payments.
An unsecured late payment covers credit agreements including mobile phone contracts, credit cards, overdrafts, personal loans, and other things where the debt isn’t secured against anything.
A secured late payment relates to a mortgage or a secured loan that has been secured against assets, such as your home or car. If you fail to make payments, a creditor can seize the assets that the debt has been secured against.
A lender will usually view an unsecured late payment as less serious than a secured late payment.