My credit card was canceled by issuer does that affect my credit?

I had late payments because And was trying to pay them off. I was using a checking account that no longer worked, and payments were returned so my credit card was canceled by the issuer would that affect my credit of I payed my other credit cards on time from now and on?

Other answer:

Yes, it affects your credit score in a negative way. Not only do you have late payments but now you also have a smaller amount of available credit. Therefore your percentage of available credit has been reduced.
it all affects your credit score, the late payments, the returned payments from a checking account with no money in it. and collections if you don't pay it off. it will stay on your credit report for 7 1/2 years
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