Reply
Established Member
Posts: 40
Registered: ‎02-21-2008
0

Lates Disappear

How Long does it take for Baddies to be ineffective?
"Money talks...but all mine ever says is good-bye."
Established Contributor
Posts: 537
Registered: ‎04-02-2008
0

Re: Lates Disappear

 I hheard lates affect for only two years but I still see a red flag next to mine on my fico.  
6/9/08 FICO TU 697 EX698 EQ 618uti 6% (once new accounts hit) BIZ- DUNS 80, EX 35
GOAL 2008- 700s+ new car
2010 BE a first time buyer
Super Contributor
Posts: 8,172
Registered: ‎03-25-2007
0

Re: Lates Disappear

7 to 7.5 years to totally go away.  They are less bad as they age.
 
But everything depends on what else is on the report - if one baddie drops off and 286 remain, it won't make much difference.  :smileyvery-happy:
 
When my ONLY collection fell of after 6.75 years it was worth over 50 points
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.