Late payments made two years ago will have less influence on your credit score than a late payment made two months ago.

Name: Late payments made two years ago will have less influence on your credit score than a late payment made two months ago.
Brand: Quizplus
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Quizplus · Accepted Answer

This is because credit scoring models typically place more weight on recent payment history than on older payment history. Late payments made more recently are seen as a more immediate indication of a person's ability to manage their credit obligations.

Late Payments Made Two Years Ago Will Have Less Influence