FICO scoring looks at
how recent the late payments are, how severe the late payments are, and how frequently the late payments occur.
FICO scores consider
how recent the late payments are, how severe the late payments are, and how frequently the late payments occur.
Your score also reflects
how recent any late payments or collection activities are.
Not exact matches
A
How recent was the most
recent late payment — that rates very highly.
But
how recent and frequent
late or missed
payments occur make a big difference.
The FICO, or factor that determines your credit, is going to look at
how much money you owed,
how recent these transactions took place, and
how late you were for each
payment.
How to Ask for a Higher Limit Whatever you need the money for, you're more likely to be approved for a higher credit limit if you have a strong credit score and no
recent history of
late payments.