how much does a 30 day late effect your credit score?

Answer 1

Speaking as a nationally known credit score and lending expert (book, radio shows, newpaper column, etc)....

It depends entirely on the TYPE of account, and also your other credit reported. I can give some general guidelines, though.

Mortgage payment late 30 days, 60-120 points
Auto loan payment late 30 days once 30-55 points
Credit card late payment once 15-30 points

Answer 2

This has been asked before - so I'll cut and paste a majority of my previous answer here...there is no set amount of points for a 30 day late...below is an example:
The calculations of the FICO score are VERY complicated and there is no such thing as a specific number of points taken or given as a result of negative or positive activity on your account. The calculations look at various factors and then compute a score based on all factors. Thus, two people can both have a 30 day late and one can get dinged by 20 points and the other can get dinged by 50.
Example: John and Harry both have 720 scores. They both go on vacation and each forget to pay a credit card bill, resulting in a 30 day late. John's score drops to 700. But Harry's score drops to 670. The difference? John has 8 open and active accounts. Harry has only 2. So John has more positive accounts to "cushion" that negative 30 day late.

Answer 3

Being 30 days late may or may not affect your scores. Ask the credit card company or whoever you are late paying to if they will report this to the credit bureaus and what is their cut off time for that.

If you miss a credit card payment (and sometimes it happens unintentionally because you missed the mail etc), your credit card issuer may even allow you 60 days before they report you as being late (ie you missed on cycle and you are given the next cycle to make your minimum). If you always have paid on time, you usually have more leaway.

But as the previous answers have indicated, if you are reported, then how it affects your score depends on your particular situation.

Answer 4

Depends on what type of credit score you have. If your credit is already bad, it will lower your score. If you have great credit, you could suffer a 75 - 100 point decrease. It's hard to say the exact amount since the credit score formula is based on many other items, such as the length of your accounts, number of inquiries, and other payment history.

Answer 5

It really depends on what else you have reporting gooad and bad.

If you have tons of good accounts and one late payment it may not even be noticed.


If you have little positive credit and one late payment it could be disasterous.

Read the following page to learn more about credit scores and how they are calculated: http://www.expert-credit-advice.com/credit_score.htm