Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

How long does a late payment stay on my credit report?

Written by Equifax Experts on July 17, 2012 in Credit  |   19 comments

How long does a late payment stay on my credit report? Questions like this and others related to the consequences of negative information on your credit report are some of the most frequently asked questions on the blog and on Equifax.com. Here are the answers to…

How long does a late payment stay on my credit report? Questions like this and others related to the consequences of negative information on your credit report are some of the most frequently asked questions on the blog and on Equifax.com. Here are the answers to some of these questions, and in the coming weeks we’ll answer more of them for you.

Q: How will a loan forbearance plan affect my credit score?

A: Because your credit score is based on the elements contained within your credit file, any impact a payment plan might have on your credit score is dependent on your overall credit history. You should obtain a free copy of your credit reports from the three nationwide credit reporting agencies (CRAs) at annualcreditreport.com or directly from any of the CRA websites. You will be given the opportunity to purchase your score after you’ve received your free annual credit report. Once you have validated the accuracy of the information contained in your credit report, you can also add a consumer statement explaining the issues surrounding the forbearance plan.

Q: If an account is closed with no activity, how can there be recent activity posted on the credit summary?

A: There can be recent activity reported on an inactive closed account if the creditor recently reported activity such as changing the report date or the date of last activity of the account, etc. You should contact the creditor to determine what changed on the inactive account.

Q: How can I dispute credit score changes?

A: Your credit score is determined based on information within your credit file. You can dispute any inaccuracies on your credit report at any time by visiting the Equifax dispute page. You can also dispute inaccuracies by mail or phone. You will need to dispute inaccuracies on your credit reports with each CRA individually. You can also add a consumer statement explaining the issues surrounding the credit score change.

Q: If the original creditor is no longer reporting past due accounts, why can a collection agency continue to report negative information on my credit report?

A: A collection agency that purchased a debt from a creditor can continue to report the information within the guidelines for up to seven years from the date of the last activity (DLA). For example, if the original creditor charged the balance off to bad debt in 2005 and subsequently sold the debt to a collection agency, the DLA would be seven years from 2005. You can contact the creditor directly if you have specific questions regarding information it is reporting.

Q: Is there a way to remove a collection item by paying off the debt? Why pay the debt if it’s going to stay on your credit report?

A: As a general rule it is always better to pay off debt, even if it is charged off or in collections. While there is no way to remove the collection for seven years, creditors will often report the debt as paid — it is often viewed more positively.

Q: If I choose to stop paying a revolving line of credit, how long will the unpaid debt remain on my credit report?

A: Most accounts will stay on your credit report for seven years. However, you should make sure that you settle the account properly with your creditor. Stopping payment on your account may have a negative effect on your credit score.

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. C. lange says:

    The day my balloon payment came due was the day of my back surgery. Before that i was reseaeching the doctor, the hospital, etc. I now have another small home equity. It has a balloon of 10 years and it is a small amount to pay.
    I hope that will not work against me. The bank is familiar with the surgery since they see me walking with a cane.
    The home eqauity was the last thing on my mind. I could make double payment since payng it off early will not go against me. Do you hava an opinion on this? C. L

  2. Ken L says:

    why is it when a lender pulls your credit specifically with equifax they almost always report a credit score that i slower then the score that is reported to me

  3. susanp says:

    I filed bankruptcy in June of 09. The “accounts” included in bankruptcy are listed under “included in bankruptcy” however several companies are reporting their accounts as closed, included in bankruptcy BUT late 30 and 60 months . this is affecting my credit score it is never higher than 698 the rest of the report is pristine with no late’s and long credit histories, including mortgages. So why is Chase reporting their account included in bk but late 1 x 30 and 1 time 60. Aren’t you suppose to be given a clean slate when BK is filed, when it comes to late’s….????

    • Clarissa says:

      You dont receive a clean slate nor do you deserve a clean slate after taking advantage of so many companies with a bankruptcy!Just dont get yourself over your head again and pay your bills, your credit should be pristine again in seven years, but good luck until then!

      • Erin says:

        You aren’t taking advantage of any company by filing bankruptcy. It is a legal right and remedy prescribed by the federal government for hundreds of years. You are entitled to use it you qualify and if you choose to do so. Your penalty is negative credit reporting for 7 – 10 years, but it isn’t anything to be otherwise embarrassed about anymore so than getting unemployment benefits or Medicare. And companies get to write off the loss in their taxes.

      • Mary says:

        Clarissa really don’t understand life. I file bankruptcy because I was diagnosed with leukemia and during this time I was preparing for a bone marrow transplant I was laid off of my job. Things happen to people that you cannot predict. Bankruptcy was not my easy way out. It was necessary to maintain the little health I had. Sometimes Clarissa it is necessary. Get off your high horse.

      • Sammy K says:

        Hope u stay in good health, never have life altering event,Clarissa. U sound like those fake abusive credit collectors…arrogant reply, shame on u

  4. Pauline A Moore says:

    I am 70 years old, my credit score is low, I am unable to mortgage my home that has NO mortgage. It is low in part because my income came from mortgages I gave. the Mortgagors stopped paying, so I was without income. NEVER THE LESS, even though raising five kids as a single Mom I paid every debt I ever had, I never filed Banktruptcy, nor was I ever foreclosed. I should have a great credit score with three stars instead I am handicapped by property tax leins (paid) and slow pays. at seventy I do not have seven years to wait to enjoy what a refinance would do for my life. I am current with everything and have been for a long time. It is not fair.

    • Vanessa LeRue says:

      If you utilize the Fair Credit Reporting Act to dispute your accounts on your credit reports, you may be able to get them corrected or deleted. This is better than waiting the 7 years for the accounts to automatically fall off. The credit bureaus want you to think you have to wait this time frame because they make no money when you take their time in disputing.

  5. Annette says:

    I have a car lone, for some reason, I set up a payment online and it did not go through. I made my next payment maybe a day or two late, but the financial institution never informed me in any way that I missed one payment. Without knowing, I was summitting my payments 30 days late. I learned about it because I recieved a negative information notice from my credit monitoring system. By the time I learned about it, I already had two 30 day late reports.
    I’m I entitled to at least a notice from the creditor before they report negative information? If so, can I despute that?

    • Ethan says:

      You are required to monitor your own finances. Banks and Credit Unions have too high a volume to have an actual person monitoring every single loan that they write. If you made your payments in person you should have been given receipts that would show you are pass due. If you called in then your financial should have been polite enough to inform you. If you mailed in your payments and then didn’t monitor whether they were posted (or any similar situation where you should have monitored) then this is definately not anyones fault but your own. Lets not play the blame game and own up to our mistakes.

      • Chris says:

        Thats funny. They have too high a volume to monitor every customers account that they have but they have time to report every one of them to the credit bureaus

  6. Tom Ross says:

    Nice work, regards

  7. Julia says:

    I have a question regarding when an collection will fall off my report with Equifax. I’ve compared my 3 reports from the 3 credit reporting agencies and the same collection is coming off on Experian and Trans Union in Oct 2013 on Equifax it shows date of last activity as N/A so when will this fall off my report. Should I call to get this information. Your help with this is much appreciated.

  8. DOING MY BEST says:


    • EFX Moderator, EM says:

      Lenders could update your credit file with new information or to confirm existing information. If the information they are reporting is inaccurate, you can file a dispute with the credit reporting agencies. Of course you’re doing your best and it sounds like you want to pay off your debt. We have tips on how to pay off your debt without feeling overwhelmed. I hope this helps.

      • Gus says:

        Can i dispute a collection agency statement regarding the fact that i had never been given not one notice from “original creditor” that i had even owed monies and/or had any past due concerns/issue’s?

  9. jack k. says:

    I had a 702 with experian, 680 transunion and 625 with equifax. Then a $62 collections came on and it was not mine, but it was a family member’s collections. My all my credit scores went down 105 points and I flipped out. I disputed all 3 and it was removed from my credit reports. Only proble is my scores did not go back up 105 points and I even had a newly paid off personal loan, never late. My scores as of today, with the $62 taken off 6 months ago, are at experian 682, transunion 692 and equifax at 589. very little was reported to equifax on my very good credit history and it looks like I only have very little credit history with equifax. real stupid

  10. Craig S says:

    I had an acct with JC Penny and I had 1 or 2 late paysments. My account had been paid off and closed since 2012, How long do those late pays stay on your credit report?

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Credit Archive