how long does a late payment affect my credit
As you can see, even if you have pretty good credit, your score can be taken down a few notches just by a single missed mortgage payment. If you are 30 days late on your payment, your 780 credit score can plummet to between 670 and 690. Thatâs a potential drop of more than 100 points. On top of that, it can take someone with good credit about three years to recover the excellent score. All because of one mistake. The question is, how soon will a late mortgage payment be reported to the three main credit bureaus â Experian, Equifax, and TransUnion â once you have missed a payment due date.