http://ficoforums.myfico.com/t5/Credit-Cards/How-do-lates-on-closed-accounts-affect-your-scores/m-p/35386#M354 <div></div><div><br><blockquote><div><hr>oracleicom wrote:<br><div>Hello all,</div><div> </div><div>Just closed my account with FPB!!! I was wondering how late payments affect scores?  Should I see a positive or negative affect? Also the most recent late was January of '05.  Thanks</div><br><hr></div></blockquote>The lates hurt your scores, more so if they are recent. Closed and open TLs are scored equally. The key is to have open <em>and</em> closed TLs reporting only positive info. I recommend that you write GW letters and hopefully get these lates deleted from your CRs. Ses Tuscani's thread below.<br><div> </div><div><a href="http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&amp;message.id=2661" target="_blank">http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&amp;message.id=2661</a></div></div> Thu, 19 Jul 2007 19:00:53 GMT fused 2007-07-19T19:00:53Z http://ficoforums.myfico.com/t5/Credit-Cards/How-do-lates-on-closed-accounts-affect-your-scores/m-p/35359#M353 <div>Hello all,</div><div> </div><div>Just closed my account with FPB!!! I was wondering how late payments affect scores?  Should I see a positive or negative affect? Also the most recent late was January of '05.  Thanks</div> Thu, 19 Jul 2007 18:29:44 GMT http://ficoforums.myfico.com/t5/Credit-Cards/How-do-lates-on-closed-accounts-affect-your-scores/m-p/35359#M353 oracleicom 2007-07-19T18:29:44Z http://ficoforums.myfico.com/t5/Credit-Cards/How-do-lates-on-closed-accounts-affect-your-scores/m-p/35386#M354 <div></div><div><br><blockquote><div><hr>oracleicom wrote:<br><div>Hello all,</div><div> </div><div>Just closed my account with FPB!!! I was wondering how late payments affect scores?  Should I see a positive or negative affect? Also the most recent late was January of '05.  Thanks</div><br><hr></div></blockquote>The lates hurt your scores, more so if they are recent. Closed and open TLs are scored equally. The key is to have open <em>and</em> closed TLs reporting only positive info. I recommend that you write GW letters and hopefully get these lates deleted from your CRs. Ses Tuscani's thread below.<br><div> </div><div><a href="http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&amp;message.id=2661" target="_blank">http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&amp;message.id=2661</a></div></div> Thu, 19 Jul 2007 19:00:53 GMT http://ficoforums.myfico.com/t5/Credit-Cards/How-do-lates-on-closed-accounts-affect-your-scores/m-p/35386#M354 fused 2007-07-19T19:00:53Z