@toi34 wrote:...a late payment that occured 6 months ago, 12 months ago, 2 years ago....
really depends on the late payment number. 30? 60? 90? etc
the 90+ lates are scored highly negative and will impact you for almost the full 7 years. 30/60 i hear are usually a year or two before their weight is small. However during any manual review , any late looks bad in some lenders eyes.
Starting FICO Score: 10/1/12--EQ 512 | TU 492 | EX 524
when the FICO score report is listing negative items, it lists them in an order of most damaging to least damaging. Therefore, If you have a late payment from last month on your report, it could be listed as a recent baddie being number 1 on the list of negative things. It will always list 3 negative things though, so as that baddie ages and becomes a year, then something else on your report might have a greater negative impact than that baddie, so it might move down to number 2 on the list. After more years, say 3, then that baddie is not having as much of an impact and it is possible that it will move down to number 3 on the list.... as long as there is nothing else that is hurting your score even more that can take its place in the list.
