Is a 150 Day late as bad as a COLLECTION or CO ???

Anonymous · ‎10-14-2015

Once and for all -- is a 150 day late really annoted as bad as a CO ?? I'm told yes by some, no by others!!!

Reason I ask, is because I am getting an acct removed in a week or so that is my last BIG BADDIE with a 150 day late reporting in August -- this is my LAST baddie killing my score!!! Any tips or advice here? I am trying to see what my score boost may be with this removal -- account is only 1.5 years old, and they are removing since it is now PIF ... amazing !!! Thank you !

Anonymous · ‎10-14-2015

Only FairIsaac knows the answer to that. It is considered major derog, thats the only certainty

EW800 · ‎10-14-2015

I agree with Norman. I don't think we know for sure, but if it is not as bad as a CO, I am betting that it is darn close since they are both considered to be major derogs.

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 840; EQ8: 832; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .