Hey all, I am getting so many conflicted opinions on this one. So, I have MANY lates on student loans over the years -- the most recent being November 2014 (only 3), and before that February 2014 (3 as well). Prior to that there were no lates since 2012. How long do these lates hurt my score?? Some analysts and advisors state after 2 years the lates n olonger hurt scoring, but stay on report for 7 years. Others say they will affect the FICO for 5 years, others say the full 7.
Is there any real answer to this? My scores a year ago were under 500, now they are TU 570 EX 600 EQ 585. I have 4 credit cards about 9 months old, excellent standing, and trying to get UTIL under 35% to maxmimize FICO (currently at 55%). any advice here? I am GW the student loan lender to see what we can do here. I just want to know how long these impact my score. Thank you !!
