A negative item, such as a late payment, does not show up on your credit report immediately, but it will only be a matter of time before your credit report displays a red mark. How long it takes an issue to reflect on your creditworthiness depends on the diligence of your creditor.
Identification
Credit reporting agencies depend on individual creditors to report the status of your payment history and accounts, according to Credit Factor. Typically, once a creditor updates your account it shows up on the first of the following month. For instance, if you open a credit card on Jan. 3, your credit report shows this on Feb. 1.
Considerations
Your creditor may not report all negative issues. If you are a few days late on a payment, for example, your creditor may not update this with the credit rating agencies, according to the Motley Fool. Creditors will probably report any serious offense, such as a payment later than 90 days. You should not, however, rely on your creditor to have "mercy" on you rather than paying your bills on time.
Time Frame
It takes six months of credit updates before the credit reporting agencies will calculate your score, according to MSN Money Central. Even if you have negative marks on your credit history, it won't show until you have a sufficiently long credit history. Once you do hit the six-month mark, the credit bureaus will factor in any negative issues into your FICO score.
Tip
Not all creditors report to the three major credit rating bureaus: TransUnion, EquiFax and Experian, according to True Credit. After seven years, all negative information leaves your record -- 10 in the case of a bankruptcy. Also, you can dispute any errors on your report, such as an account erroneously reported under your name. You should make an aim to pay all bills on time, even if a single late payment probably won't affect your score much in the long run.
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