Loan Management The Impact of Late Loan Payments on Your Credit Score and How to Avoid It Joseph Campbell, September 15, 2024September 17, 2024 Late or missed loan payments can significantly impact your credit score, affecting your financial reputation and limiting your ability to secure future loans. When payments are not made on time, lenders typically report these delays to credit bureaus, which leads to a decline in your credit rating. This can have… Continue Reading