How Late Payments Impact Credit Scores
A single late payment can tank a good credit score up to 100 points
A credit score is a 3-digit number based on your credit history. Credit scores summarize how well you handle debt. Credit scores also help lenders assess the risk they would be taking by extending you credit. Higher credit scores typically help you qualify for better rates from lenders – which can save you money!
A single late payment can tank a good credit score up to 100 points
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