35% of your FICO score depends on payment history and a single missed payment can adversely affect that score.
But, according to a US News and World Report Survey from August 2020…
41% of Americans polled don’t know that a missed payment negatively impacts credit score
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Almost 11% think your Credit Score is not affected until you miss more than one payment.
Don’t get caught in a bad credit situation that can be easily avoided, just because you are lazy. Or if you are currently caught in a bad situation due to the ongoing COVID-19 Crisis, make sure you PROACTIVELY contact your lending institution to see what can be done to protect your credit status.