This is CRAZY!

[hopeful14]

I just received a score watch alert and I went a checked it.  The auto loan I had that had 2 30 day lates and TEN 60 days lates, was just changed due to my GW letters and phone calls, to never late and paid as agreed.  And My FICO score didn't change?  Wow, I would have thought that 10, 60 day lates would have really been something that held my score down.  They were from back in 2009 and 2010.  I'm really kinda disappointed.

[spike69]

From what I have seen in my own situation and on the boards the older the lates the less impact they have on your FICO. The "big" score changers are negatives such as COs, recent lates, and utilization. Also the amount of revolving accounts.

I know, it's really frustrating working this process. Time is a big factor- time to age off the baddies and time to BUILD the good stuff.

Best on your rebuild!

[azguy13]

Since they were so long ago they would have little impact. However, there should have been at least a couple of points boost. When I had a 3 year old 30 day late remopved from my mortgage, EQ04 model jumped up 33 points. The 08 model is more forgiving of older baddies though,w hich could be why you did not see much of a change, 

[hopeful14]

LOL  I guess there is nothing that I can do about it.  I just thought that was a real bad mark and would be worth a decent jump in the score and to find out it was zilch.  Just crazy.

[growing123]

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@hopeful14 wrote:

LOL  I guess there is nothing that I can do about it.  I just thought that was a real bad mark and would be worth a decent jump in the score and to find out it was zilch.  Just crazy.

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That is a bummer about no points, but big congrats on getting the GW!!  Plus, your report is that much 'cleaner'. 

[Shogun]

30 and 60 day lates are minor derogs.  Hurt bad at first, but fade quickly.  If it was very old, I wouldn't imagine a change in scores.