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How Many Points Are Late Payments Worth In Your Credit Score?

 

I had so much fun writing my article about how many points inquiries are worth that I figured I’d follow up the theme and write about how many points delinquencies are worth. So, finally, here’s the answer to how many points those delinquencies are worth.

Zero

That’s right, delinquencies are worth zero points in your credit score. Delinquencies, like inquiries, do not have independent value. So, 30 day lates are not worth 10 points, 60 day lates are not worth 15 points and 90 day lates are not worth 20 points.  Actually, it might be better to say that delinquencies are not worth negative points because the assumption is probably that they LOWER your score.

 

 

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William Case

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