5 Factors Critical To Your Credit Score, 8 Credit Score Ranges Explained

1. Payment history reflects the account holder’s pattern of paying the monthly payment on time. Most lenders only report payments to the credit reporting agencies that are late after 30 days from the due date. The number of times a late payment was made, the number of days the payment was late, and when the most recent late payment occurred are all factored into payment history.

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