How long does negative credit reporting stay on your credit report. late mortgage payments.?
Any late payment is reported as a negative on your Credit Report for seven years, even if the very next payment completely pays-off the debt. In that case, the late payment will show as being your most recent payment, even if it happened several years in the past. Therefore, don’t make the mistake of following a late payment with a full pay-off (which includes the sale of a mortgaged home). To re-establish good credit, a late payment should be followed by a long and steady history of regular on-time payments, until the late payment is aged off the credit report.
