Your credit score can drop by as much as 100+ points if one late payment appears on your credit report, but the impact will vary depending on the scoring model and your overall financial profile. Note, a payment is usually reported to the credit bureaus as being late when it is at least 30 days past due. In that case, you’ll have missed two due dates.
The impact of late payments on your credit score lessens over time.
How to Dispute Inaccurate Late Payments
If a late payment is mistakenly on your credit report, you can file a dispute with the credit bureaus to remove it. You cannot remove accurate entries from your report, but negative information will fall off after 7 years.
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