Late Payments and Home Loans: What You Can Do Now to Fix the Past

Late payments can drag down your score fast, but they don’t have to ruin your homeownership goals. Here’s how to move past them.

Late payments typically stay on your report for seven years, but their impact lessens over time. Writing a goodwill letter to the creditor may result in removal if you have a strong payment history. Setting up autopay or due-date reminders ensures it doesn’t happen again.

Lenders look closely at your recent payment behavior. Showing improvement can offset older mistakes.

You can’t change the past, but you can shape your future. Take steps today to clean up your credit history and strengthen your buying power.

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