The payment history is composed of an individual's success in payment their bills on time. Depending on the time of account, payments mistake can take between 2 to 10 years to be removed. A negative account's affect is wighted based on how recent the transgression was, dollar value and severity.
For example, a 30 day late credit card payment of $500 will hurt more than a $100 and a bankruptcy hurts a credit score more than an account in collections.
Much of credit restoration involves working with these aspects of credit scores.
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