A missed payment is when you don't make a payment on the date you agreed. Your lender can also share late payments as missed if the date in your credit agreement has passed.
How this affects your score
Paying on time shows you're a reliable borrower and can improve your score. If you miss payments, your score could drop.
Missed payments stay on your credit report for 2 years. It will have less of an effect on your credit score over time.