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How it Works
Free VS Paid Rent Reporting Services
Rent Reporters
Self Financial Rent Reporting Service
Simple Process
Score Impact
90 Day Guarantee
No Credit Score Explained
Do You Have Negatives?
With Landlords
With Family
With Property Manager
CPNs Are NOT Legal
FAQ’s
Pricing
Learn
Avoid Pitfalls
Get Credit Ready Podcast
Credit Help Auto Loan Refinance
Credit Help Credit Card Usage
Credit Help Credit Card Maxed Out
Credit Help Late Payment Penalties
Credit Help To Many Open Accounts
Credit Help Hard Inquiries
Credit Help Collections
Credit Help Credit Builder Loans
Credit Help Student Loans
Reviews
Google Reviews 4.2 Stars
Trust Pilot Reviews 4.8 Stars
In The News
Free VS Paid Rent Reporting Services
Partners
Refer a Friend
Business Partners
Refer Business Partners
Partnership Agreement
Media Inquiries
Members
1on1 Credit Mentoring Session
Install App
Podcast
Update Credit Card
I Moved
Refer a Friend
Cancel Membership
Privacy Policy
Contact Us
720-307-1466
About Us
We Are Hiring
Understanding Late Payments
Late Payments in Credit Scores is when you are over 30 days late
Making a payment 5, 10 or 20 days late will not hurt your credit score
You will likely incur a late payment charge from the company that can be excessive
Especially for folks with low limit credit cards
The Penalty for 30 Day Lates
One 30 Day Late can drop your score 60-110 points depending on your current score
The higher your score the bigger the penalty, the lower your score the lower the penalty
How long does the penalty last?
The initial score penalty can feel overwhelming
Don't worry it is NOT as bad as it feels
After 1 year the points penalty has usually recovered 50%
2 Years is when the score penalty goes away
Disputing a 30 Day Late has less than 10% success rate
The best option is to call the lender and talk with them about what happened and see if they can help adjust the account
Big Penalties for Maxing Out Your Credit Card(s)