It’s possible that your credit score will be heavily influenced by how reliably you’ve historically met payment obligations on time. In addition, late payments may stay on a person’s credit report for as long as seven years in certain cases.
Your credit reports may include negative notes that reflect late payments, which may have a negative impact on your credit score. If there is an inaccurate late payment included on your credit reports, you have the option of disputing the information with the creditor who provided the information or with the credit bureau that provided the information.
However, if the late payment is legitimate, you should be aware that it is quite unlikely that you will be able to remove the negative mark until it has served its purpose.