Payment Status
It is no surprise that one of the most fundamental aspects of a good credit score is a solid payment history. Creditors will automatically assume someone is a higher risk if they show a large number of delinquencies on their report. Over 33% of your credit report is dependent on payment history alone, so it is important to make on-time payments as much as possible.
If you’ve fallen on hard times and are unable to make your payments promptly, the creditor will most likely alert the major credit bureaus after a 30-day period. Once the bureaus have been notified, it can take up to seven years for it to be removed from your report.
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