Payment history

[Anonymous]

How long does payment history affect FICO scores?
I had a truck payment. November witll be the 2 year mark that I was late on it. Will that fall off?

[Anonymous]

Negative items stay on for as long as 7.5 years. Late payment would be 7 years.

[Anonymous]

My understanding is if it is a 30 day - it will stay on report but only affect scoring for about 2 years.  The longer the late - the longer the score takes a hit.  

You might try to contact your lender for GW deletion of the late payment - especially if you have had 2 years of on time payments since.   

[Anonymous]

---

@Anonymous wrote:
How long does payment history affect FICO scores?
I had a truck payment. November witll be the 2 year mark that I was late on it. Will that fall off?

---

If you are talking about a single 30 day late, its impact will lessen to almost nothing after 24 months of age, but it will still remain on your reports until it hits 7 years. 30 day lates are considered a minor derog.

[Anonymous]

Yea it was one in Novembe of 2013. Just was late. But if it's almost nothing after 24 mo it may be something I good will at a later time.
Have a lot of credit fixing pokers in the fire right now. Lol