Summary
Missing just one credit card payment can devastate your credit score, potentially knocking off 100 points or more, because payment history makes up the largest portion of your FICO® Score. Lenders typically report late payments only after they’re 30 days past due, so a small slip can quickly turn into a major hit once it hits your credit report. Scores keep falling the longer a payment goes unpaid, and severe delinquencies like collections can leave a mark for years. To avoid this, set up automatic payments, align due dates, and use alerts so you never miss a bill.
The Motley Fool
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