topic 30 Days Late in Rebuilding Your Credit

30 Days Late

cascade159 — Wed, 25 Nov 2009 21:28:25 GMT

I am new to the board and working to improve my credit score. Quick newbie question... what kind of effect does 30 Days Late notices have on the credit score? Thanks in advance.

Re: 30 Days Late

daisyduke — Wed, 25 Nov 2009 23:08:56 GMT

I have read that 30 day late payment reporting to the bureaus as high as 50 points...

Re: 30 Days Late

cascade159 — Wed, 25 Nov 2009 23:50:40 GMT

Wow, that is much higher than I anticipated. Thanks for the quick response!

Re: 30 Days Late

MarineVietVet — Wed, 25 Nov 2009 23:55:44 GMT

@cascade159 wrote:
I am new to the board and working to improve my credit score. Quick newbie question... what kind of effect does 30 Days Late notices have on the credit score? Thanks in advance.

Welcome to the forums.

No one can say for sure how much any one item will change a score because it depends on what else is being reported. Past payment history, utilization of available revolving credit, a rash of inquiries, and recent application for new credit all factor in the score.

But any late payment is a bad thing and will bring down a score.

(myfico)
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

CC interest free as of 8/09
Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".