You can have a slip up and have a late payment on your account and it will cost your credit score points. But when you have a late payment that goes on for months, you are in real trouble of losing a lot of points, up to a hundred or more. This is very serious with the credit bureaus and shows irresponsibility. It will show up on your credit report as a 60-day, 90-day, 120 day late. Sometimes this is caused by the creditor not sending you a statement and you saying, “Well, if they won’t send me a statement then I guess I don’t have to pay.” or we forget, or… well, you get the picture, the responsibility is yours to pay the bill, even if you don’t get the statement. Keep a record of your bills and when they are supposed to be paid and put them on a calendar. If you don’t get the statement, call them up and check your address. There are lots of reasons why the statement didn’t get to you. You could have moved, the mail could have been stolen, the company just didn’t print it out, or they lost your address, what ever… it’s still your responsibility to make the payment… on time!

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