Reply
New Member
Posts: 4
Registered: ‎12-05-2012
0

OK so I was late...

Ok so I was late in 2010. It is on record as 30 days late. And I was late in 2009 a couple of times. Once 90 days, 2 x 60 days and a 30 day. And now I am still paying for it. I carry a zero balance on two cards. No house payment (house is paid off early mind you). And a car payment that has never been late. I know that the late payments stay on for a period and the further back in the past, the less they matter but how far back. I have never been bankrupt, I have paid all my debts but I can not move forward with my score. It is soo frustrating. I am not looking for anything to purchase of another credit card (I have two and no more) I just want to inprove my score. 

Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: OK so I was late...

Minor Derogs like 30 day lates age almost if not entirely off in 2 years time.  Major derogs will fade, but will keep you in a bucket that prevents you from breaking through a certain point.  Your 90 day late is a major derog.  If someone could chime in on 60 day lates that would be great, because I'm not sure, and I'd also like to know.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: OK so I was late...

What are your scores and where are you getting them from, by the way.  What is your average age of accounts.  3+ credit cards is generally recommended to maximize your score, and sometimes reporting less than 9% UTIL on just one card can give you a few points.  This could be completely different for you of course, YMMV

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Regular Contributor
Posts: 230
Registered: ‎09-22-2012
0

Re: OK so I was late...

From what I know, 60 days are still considered minors. I would GW them and explain that this one mistake is haunting you. Keep trying. I always prefer to talk to a person rather than write letters. I called many times until I got someone to help me. Don't give up. Point out that you were a great payer after your minor mistake and that you are an ideal customer now. Don't give up. 


Starting Score: EQ 416 TU 498 EX 468 Lender Fico's July 2012
Current Score: EQ 548 (Myfico) TU 655 (Walmart) CK 672 EX?? CS 642
Goal Score: For now: 640s


Take the FICO Fitness Challenge
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: OK so I was late...

+1  60 day lates are still minor, 90 and above are major.   You should try to GW them.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Member
Posts: 4
Registered: ‎12-05-2012
0

Re: OK so I was late...

[ Edited ]

I finally got back on here. My transunion is 647 and my exp fico is 655.  I do not have a mortgage, my house is paid for clear and free. (I did a land contract for 10 years). I only have two open credit cards with zero of minimal balance. One car payment, a year into a 5 year auto loan? And pardon my ignorance .. what does GW mean?

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.