Delayed payments represent alerts in your Credit Report and is one of the most significant factors to define the credit score.
Credit organizations view your Credit Report as the picture reflecting management of liabilities. Loans which were 30 days overdue in case of individual and 60 days overdue in case of a company represent a kind of a “red flag” for creditors. If you have overdue liabilities, the best way to improve the credit profile is to repay them in a timely manner.
Information about overdue loans remains in your Credit Report within 5 years after repayment of the loan