How 120 Days Late Payment Can Hurt Credit Score

If you are 120 days or more late on making a payment, it’s not a good look on your credit report.

Late payment reporting beyond the initial 90-day missed payment does not cause additional credit score damage directly. But, it does cause an indirect impact to your scores. By now, your debt is “charged off” or sold to a third-party collection agency.

This will lower your credit even lower.