Most people know that if they pay their bills late, their credit scores will suffer. However, most people don’t know this: a single 90-day late payment is as damaging as a bankruptcy filing, a tax lien, a collection, a judgment, or a repossession. It doesn’t matter if you’re late paying a $50 credit card bill or a $2,000 mortgage payment. All that matters is that you were 30/60/90 days behind in paying your due balance. 90-120 day late payment is extremely damaging. At around 90-120 days, the creditor will usually write off the account and it will stay on your credit report as a charge off for 7 years.