Derogatory Marks

PixieQueen80 · ‎05-03-2011

About how long does it take for a derogatory remark (such as 30/60/90 day lates or charge off) to not really affect your score significantly? I am attempting to have a 30 day late removed from my CR that was in 2007 and is wondering if the effort is worth it.

Starting Scores (7/26/2010): EQ 517; TU 508; EX 527 (lender)
Scores Along the Way (11/4/2010): EQ 542; TU 547; (11/8/2010) EX Plus 641
Scores Along the Way: (4/15/2011): EQ 516; TU 622; EX 585 (lender)
Scores Along the Way: (8/25/2011): EQ 617; TU 627; EX 625 (lender)
Scores Along the Way: (11/28/2011): EQ 617; TU 645; EX 667 (lender)
Current Scores: (8/9/2013): EQ 634; TU 662; EX 694 (lender)
Closed on a Home: 12/30/2011 Goal Scores (8/25/2014): 700 club

DI · ‎05-03-2011

@plewis80 wrote:
About how long does it take for a derogatory remark (such as 30/60/90 day lates or charge off) to not really affect your score significantly? I am attempting to have a 30 day late removed from my CR that was in 2007 and is wondering if the effort is worth it.

The impact of those derogatory remarks subsides over time, but they continue to hurt the scores until they're completely removed.

guiness56 · ‎05-03-2011

After about 2 years a single 30 day late has little impact on your score. A newer 30 day late, on the other hand, will hurt more. The more lates in a row, the more it hurts your score.

Credit Scoring 101
Guide to Common Abbreviations
Other Frequently Requested Threads
Closing Credit Cards
Direct Dispute