My Credit Plan Blog

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No one wants to have a late payment show up on his / her credit report. Nevertheless, it happens. Due dates or recent charges are easily forgotten and before you know it, a 30-day late payment appears on your credit report. Your FICO® credit scores suddenly decline and you are left wondering, “Following a late payment, why does one FICO score for one consumer drop a lot more than another consumer's FICO score.”