30 day late still haunting me 2 YEARS LATER

[rross]

Every time I check my credit report or get a credit denial, a "recent late payment" is always listed as the reason why my score is low.  My most recent 30 day late was in January of 2011.  Shouldn't the impact be way less by now?  (Utilization and too many inquiries are the other reasons, which I can understand... but a 25 month old late payment seems like it shouldn't harm my score much anymore!)

[electra]

Have you tried GW letter to have the late removed?

[rckstrscott]

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@rross wrote:

Every time I check my credit report or get a credit denial, a "recent late payment" is always listed as the reason why my score is low.  My most recent 30 day late was in January of 2011.  Shouldn't the impact be way less by now?  (Utilization and too many inquiries are the other reasons, which I can understand... but a 25 month old late payment seems like it shouldn't harm my score much anymore!)

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That message will come up for yearsssssss...

In FICO scoring terms, if it is your only baddie, it hurts a little more than a normal 30 day late, but the impact should be fairly minimal in regards to the FICO scoring model..

-scott

[rross]

I haven't tried a GW letter yet, but I should probably do that!  Thanks for the advice

[rckstrscott]

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@rross wrote:

I haven't tried a GW letter yet, but I should probably do that!  Thanks for the advice

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FYI; my last late was 5 years back and I would get that stupid message.. finally got it GWed away which helped clean up the report but did nothing for my score since I still have a few negs showing..

-scott

[Shogun]

I have a FICO of 775 with a 4 year old late.  It's a minor derog, they still list that on what's holding mine down too.  

[rross]

Holy wow, a 775 and that's with something "holding you down" - nice!!!