@Anonymous wrote:
Does 3 or 4 latest hurt your score after 3 or 4 years? I've heard they don't after two or so..I just didn't wanna start my own thread since it's related.
There are a couple of factors that impact the answer to your question outside of just time. In terms of time though, the general belief is that 30 and 60 day late payments stop impacting score after 2 years, where 90+ day lates impact score for the full 7 years.
In addition to the severity of the late payments and how old they are, it also depends on how many accounts they span. I believe that 4 lates all on the same account will impact someone less than 1 late payment on 4 different accounts. The reason for this is that it only takes on late payment to make an account a "negative" account... so if your late payments span accross several accounts you then possess more negative accounts.
