Explanation
Payments less than 30 days late are typically not reported to the bureaus, though they may trigger late fees and penalty APRs.
Late payments are reported in 30-day buckets — 30, 60, 90, 120, 150, and 180 days late — with each escalation causing additional score damage.
Examples
- •30-day late: significant initial drop
- •90-day late: severe damage
- •180-day late: usually precedes charge-off
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