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cadyeldo89

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how does previous child support account impact credit?
Case has been closed and paid offfor 6 years. Only have 3 credit cards with perfect payments, but the late payment from the child support in the past still negatively affecting my score.

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If the account is over six years old then even though it still has a negative effect on your credit the damage has probably subsided to less than what you believe. As negative accounts age, their punch wears off as long as they are not continually being updated.  You should add an installment loan to your credit mix for credit building purposes. Just make sure that the installment loan will be reported to all three credit bureaus prior to applying for it as not all lenders report to all of the credit bureaus, some lenders don't even report to any.

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