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Banks WANT to lend. They would only want to weed out those who are potentially a higher risk (can't see the odd late bill payment when everything else appears fine being a problem). High risk means potentially more bankrupcies and firesales. Better credit screening would probably mean...

I thought the OP said this applied to credit providers only, ie. home loans, personal loans, CC, etc. I'm 53 and have never, that i can recall, been late more than 5 days paying a credit provider but occasionally pay a bill late - because that relies on physically doing bpay.

The usual way of paying loans is to have repayments direct debited, so if there are frequent late payments due to no funds it would indicate long term cashflow problems or poor money management. Frequently late CC payments paint a similar picture. If I was lending money I'd want to know...