Why and When Are Late Payments Reported?

At least in terms of your credit, you don’t normally have to stress if you’re a couple of days late on a debt payment. According to Experian, it’s common practice for creditors to put a delinquent mark on your credit file when a payment is 30 days past due. Can that delinquency be removed from your credit report? The short answer is “yes,” though some types of late payments have a more straightforward removal process than others.