Making payments on time is something every adult should ensure they prioritize. However, life can get in the way and cause late payments to happen occasionally. While you might be fearful that a single late payment will destroy your credit score, that’s not necessarily the case. A late payment credit report removal service can help, but here are some of the impacts to consider.
What Is Considered A Late Payment?
Depending on your creditor, you might have to pay a fee if your payment is just a single day late. But generally, you won’t see a hit to your credit score unless the payment is 30 days late or later. The longer you wait to pay, the more impactful it can be on your credit score. Once the payment is 120 days late, most creditors will start the process of getting collections involved.
The Impact On Your Credit Score Can Vary
You might not necessarily need credit score repair for a single late payment. But the specific impact on your credit score can vary greatly. Some of the main factors considered in your credit score include how many late payments you’ve had, how recent the late payments were, and your overall payment history. While it’s difficult to determine exactly how much a late payment will impact your credit score, it’s best to make the payment as quickly as possible. If collections get involved, then credit score repair might become more necessary.
What To Do If You Have Too Many Late Payments?
If life has prevented you from making your payments on time, you have options. The best credit repair in Los Angeles can help you get your credit score back to a reasonable number considering the circumstances. Simply dealing with a low credit score due to multiple late payments can decrease your purchasing power for many things, including buying a home or a car. Reach out for credit score repair assistance sooner rather than later.
Core Credit Solutions offers the best credit repair in Los Angeles to people who need it most. We understand life challenges can occur unexpectedly, which might lead to late or missed payments. If your credit score has taken a hit in the past few years or even more recently than that, it’s not too late to get it under control. Don’t hesitate to contact us to learn more about how we can help get your credit score back on track.