Negative Indicators (Ugly Red Flags)

[VirtualCuriosity]

I understand the Negative Indicator Flags, but what determines when they go away?  What I mean is, I have an older account with several lates from 6 years ago. The status shows 60 days past due, yet there is no Negative Indicator flag on the account.

[bobbay]

I think 30 & 60 day lates stop counting after 4 years.  Someone can correct me if I am wrong.

[KellyP25721]

I know the effect of a late payment diminishes over time but I haven't been able to get a solid answer as to the timing.

[KellyP25721]

Does anybody know the answer to this?

[VirtualCuriosity]

I did find something else interesting.  I just disputed a major delinquency from 5 years ago with a mortgage company and they agreed and changed the status from current/was120 days past due (was in process of modification) to current/was 90 days past due.  I now have the negative indicator flag on the account when there wasn't beforehand.  Oh well

[bettercreditguy1]

Although all lates diminish with time, a 90 or over late will effect your score through the entire period from 7 years to 7.5 years. I can tell you that I have serveral (4) 30's, 1(60), 1 (90) and 1 (120) on one account, all others accounts never late. This account was pif and shows "good standing/paid as agreed" in the comment section.  My TU score increased 5 points on the 5th aniversary after the DOFD. Under derogs the report states "you have a major derog which is holding your score down. Continuing to make payments on time will continue to approve your score." Hope this helps.