Ask Roesie

One missed payment does not immediately destroy your credit.

But the timeline matters. Most lenders report missed payments to the credit bureaus once they reach 30 days past due.

At 60 and 90 days, the impact can become more serious.

That is why even one missed payment can follow you for years on your credit history...it’s actually up to 7.

If you ever miss one, address it quickly. Call your bank or your lender to work out an arrangement if you are going to be late.

Catching up early can limit the damage and keep your credit moving in the right direction.