Making late payments on credit cards, home loans, auto loans, and other loans lowers a consumer's credit score because payment promptness is a significant factor in credit scoring.

Authors

• Person: Not available Organization: Consumers Credit Union
  7 Things That Can Damage Your Credit Score - Articles

Sources

• 7 Things That Can Damage Your Credit Score - Articles www.consumerscu.org Consumers Credit Union via serper

Referenced by nodes (3)

• credit card concept
• auto loan concept
• credit score concept