24 Late payments

[greent]

I have 24 late payments that dont fall off until 2019 and 2021. I have 15 payments posting every month. Most I have recently opened. You think a year of payments will increasemy payments made ratio? I'm currently at 82 % paid on time.

Fico TU 680 EX 667 Fako EQ 645

[Anonymous]

Your late payments (30-60 days) will have minimal impact on your FICO after 1.5-2 years. If you make every payment over the next year on time it should def help raise your scores.

[Anonymous]

PS- I'm pretty sure you are getting that 82% from CK - I'd focus less on %-ages and more on making every payment on time. That's what is most important overall. =)

[RobertEG]

I have not seen any disclosure by Fair Isaac that the percent paid on time ratio is used in FICO scoring.

I am not aware of any ability to offset the impact of delinquencies by the total number of non-delinquent payments.

From what is known regarding scoring of delinquencies, the total number or reported lates does not appear to be a specific scoring factor,

Take, for example, two consumers, both with a reported 120-late.

Consumer A only has that one reported late, while consumer B has progressive reportings of 30/60/90/120 late.

Both have identical current payment ratings of 120 late.

The scornig of both would, to my knowledge, be the same.

[Anonymous]

A 60 late will hang over scores much longer than 2 years!!. A 30 late will have less impact after 2 years...

[Anonymous]

I've read in many threads on this forum that 30's and 60's are bucketed together and carry the same impact which goes away after 2 years, where 90's and 120's are grouped together and carry an impact that lasts longer than 2 years.

[Anonymous]

I had a 60 day late fall off Equifax at 7 years and increased my score 22 points.

[RonM21]

I think the lates still have impact through the 7 years. The impact decreases as time moves on, but the impact is still there until it falls off. I believe this is why your score jumps when they are deleted.

[Anonymous]

You can always try to GW the creditor. Some folks in the forum have had success with this (sadly I am not one of them!) It doesn't hurt to try. You'll always miss 100% of the shots you don't take.