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New Contributor
Posts: 65
Registered: ‎06-08-2007
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Potentially negative item on my Experian report.

I recently checked my Experian report and noticed that my Wells Fargo morgage is listed under the "potentially negative" category on the report. I had 30 day late payments in Aug. and Sept. 2011 and all my payments have been good since then. How many more on time payments need to be made before this item is returned to the good section of my credit report?
04/08/2013 TU 659 EQ 661

Goal score: 700
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: Potentially negative item on my Experian report.

It should stay there for as long as those lates report. IMO, ignore Experian's classifications. Sometimes they have been inaccurate for me (e.g. says an account is good but FICO sees it as bad).

 

Per FICO scoring, those 30-day lates damage will fade over time and within 2 years or so from that date, FICO will largely stop scoring them.

Moderator
Posts: 13,598
Registered: ‎04-15-2011
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Re: Potentially negative item on my Experian report.

It will stay in the bad section until those lates are off.  They fall off naturally 7 years from their respective dates or you can try and GW them off.



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Moderator
Posts: 13,598
Registered: ‎04-15-2011
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Re: Potentially negative item on my Experian report.

Side note.   llecs is outtyping me this morning.   :smileyhappy:



Starting Score: 504




July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
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