Missed payment
A missed payment is when you don’t make a payment by the date agreed with your provider. It may still show on your credit report as a missed payment, even if you’ve since paid it.
A missed payment can stay on your credit report for 5 years. Your score will usually go down when it’s added.
Late payment
A late payment is when you make a payment after the agreed due date. On your credit report, this may be recorded in the same way as a missed payment. Even if you bring your account up to date, missed or late payments can stay on your report for 5 years.
Both missed and late payments should have less impact as they get older, and you can usually recover from them over time. You can see whether you have missed or late payments in the payment history section within Credit Health.