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How long does a 60-day late typically sting?

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EW800
Valued Contributor

How long does a 60-day late typically sting?

If I am not mistaken, most people are of the belief that a 30-day late can impact scoring for about two years.  Would anyone have any idea or experience how long a 60-day late typically impacts scores?  I am assuming it would be a good 3-4 years, but wondering what others have experienced.  

 

Thanks! 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2023: EX8: 840; EQ8: 832; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $48.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $22.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $21K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $296K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. .
Message 1 of 3
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gdale6
Moderator Emeritus

Re: How long does a 60-day late typically sting?


@EW800 wrote:

If I am not mistaken, most people are of the belief that a 30-day late can impact scoring for about two years.  Would anyone have any idea or experience how long a 60-day late typically impacts scores?  I am assuming it would be a good 3-4 years, but wondering what others have experienced.  

 

Thanks! 

 


Anecdotal evidence says the worst pain is the first 2 years though it can easily cost a few points all the way to CRTP, saw a post somewhere that said they gained a few points after their last 60 day late aged off.

Message 2 of 3
EW800
Valued Contributor

Re: How long does a 60-day late typically sting?

Thanks much, gdale!
Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2023: EX8: 840; EQ8: 832; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $48.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $22.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $21K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $296K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. .
Message 3 of 3
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