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Question By
BamaDave68

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Wife recently lost a job. How long will it take for my credit source to rebound on late payments?

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Hard to say without detail. Depends if payments are 30 days late, or 60, or 90 or longer. So many factors go into a credit score.

Reply by
Geates

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You likely have worked out your situation but to answer your question, interprentively, 7 years.  A late payment stays on your CR for 7 years.  The impact that they have increases as the days deliquent (30, 60, 90, 120+) increase.  Getting back on track (current) will be taken into consideration and mitigate late payment impact over time.

4 Contributions
2 People Helped

You likely have worked out your situation but to answer your question, interprentively, 7 years.  A late payment stays on your CR for 7 years.  The impact that they have increases as the days deliquent (30, 60, 90, 120+) increase.  Getting back on track (current) will be taken into consideration and mitigate late payment impact over time.

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