Credit Card Center Advertiser Disclosure†
05-19-2008 01:33 PM
05-19-2008 01:39 PM
05-19-2008 02:07 PM - edited 05-19-2008 02:07 PM
I'm sorry this my be a silly question but how can I tell when something is due to fall off? So if you have the followin lates Jan 2004 - Mar 2004 (30, 60,90) Do all lates fall off in Jan 2011 or just the one of the lates?I have a number of older lates (varying by company from 2001 - 2004) and would like to send out some GW letters but don't know if its worth it for the really old ones.Thanks
05-19-2008 02:48 PM
I didnt think an account could show that it had been 120 days late 7 years past the date DOFD according to the FCRA unless it meet certain conditions and has been current for over 7 years. I didnt see anything about open vs closed accounts but I dont speak legal stuff.
I wonder about the TL that says the account had been 120 days past due. That would show up on MR but not in FICO scoring..
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.