Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
Re: Late Payment Question

If it is showing as a negative account, it is impacting your score.

 

Late payments don't work like that.  They don't go away because the account is closed.

 

A late payment comes off 7 years from the date of occurence.  Once they are all gone, the account could become a positive account and remain for up to 10 years.