Credit Question
How much do late payments affect my credit score?
Credit Answer
Late
payments affect your credit score in a different ways depending on your
situation. The higher your credit score the more you are affected by
each late payment. The more recent the late payment the longer it will
affect your credit score. One 30-day late payment can lower your score
up from 60-110 points depending on surrounding circumstances.
Credit Question
Does credit counseling hurt my credit?
Credit counseling will reflect badly on your credit reports. There is no proof that it will affect your credit score, but lenders will see it when they pull your credit reports. It shows them that you weren't able to make payments in the past and had to negotiate on your debts. Avoid credit counseling if possible.
