An overdue payment of 60 days may seem insignificant this can mean the difference between a decline and an approval for your loan. Being overdue by 60 days regardless of the size of the debt is deemed as an indication of future conduct and classess the bearer as high risk. A credit report is one of the methods a lender uses to establish the character of a potential new client.

 

The first step is to find out what is in your Credit Report .