late payments

Late-Payment Rate on U.S. Mortgages Hits 4-Year Low

Homeowners who took on mortgages well after the housing bubble burst are doing a better job in keeping up with payments, a trend that has helped push the national rate of late payments on home loans to the lowest level in four years.

Fewer Americans Late on Mortgages in Third Quarter

U.S. homeowners are doing better at keeping up with their mortgage payments, aided by an improving housing market and more refinancing opportunities. The percentage of mortgage holders at least two months behind on their payments fell in the third quarter to 5.41%, the lowest point in more than three years.

How Much Will One Late Payment Hurt Your Credit Score?

Oops! You open your credit card statement and discover you forgot to make last month's payment. Or a collections agency calls about a bill you didn't even know you had. How bad is it? How much does a single late payment affect your credit score?

7 Small Mistakes That Will Hurt Your Credit Score

Most people understand that a bankruptcy or foreclosure will tank their credit score, but there are plenty of small mistakes you can make that will turn a good score into a mediocre one. Here are seven of the more common errors, plus tips on how to avoid them.