Reply
Frequent Contributor
Posts: 375
Registered: ‎03-26-2010
0

late

How long do lates report? I had a card that was late in 2006 ( 30+60+90+120). It was paid to zero and closed a month after it ws paid.

 

How long will this be on my report? 5 years or 10?

Capital One Quicksilver Visa | Capital One Quicksilver Matercard | Sony Visa | ebay Mastercard | Best Buy Mastercard | JCP | Kohl's | Conoco | Bloomingdales | Shell | CareCredit | Firestone | Walmart | Academy Sports Visa | Macy's | Target | Amazon | Gap | Norstrom | PepBoys | Von Maur | Chevron |
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: late

It will fall off next year. I have lates from 2006 that will fall off as well. The rule is 7.5 years from the date when you were first delinquent on payment.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: late


jeffery581 wrote:

How long do lates report? I had a card that was late in 2006 ( 30+60+90+120). It was paid to zero and closed a month after it ws paid.

 

How long will this be on my report? 5 years or 10?


About 7 - 7 1/2 years then they drop off. So mid-late 2013 they should fall off for you.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
Posts: 1,009
Registered: ‎01-22-2008
0

Re: late

Just to clarify, the lates will start falling off 7-7.5 years and since the account wasn't charged off, the account should turn to a postive account and then continue to report for ~10 years from the date of closure. 

 

I assume it wasn't charged off by your statement that it went 120 days late, you paid it and then they closed it.  It if was in fact charged off, then the entire account will fall off in 7-7.5 years. 

Highlighted
Moderator
Posts: 17,419
Registered: ‎07-14-2009
0

Re: late

To clairy a bit of confusion late payments can report no longer than 7 years from each individual date of delinquency. The 7.5 year CRTP is for collections and charge offs.

Frequent Contributor
Posts: 375
Registered: ‎03-26-2010
0

Re: late

Why was my post moved? It is regarding a credit card.

Capital One Quicksilver Visa | Capital One Quicksilver Matercard | Sony Visa | ebay Mastercard | Best Buy Mastercard | JCP | Kohl's | Conoco | Bloomingdales | Shell | CareCredit | Firestone | Walmart | Academy Sports Visa | Macy's | Target | Amazon | Gap | Norstrom | PepBoys | Von Maur | Chevron |
Moderator
Posts: 17,419
Registered: ‎07-14-2009
0

Re: late


jeffery581 wrote:

Why was my post moved? It is regarding a credit card.


Because it was more about the lates being removed than the card itself.

Frequent Contributor
Posts: 375
Registered: ‎03-26-2010
0

Re: late

OK well I see other post regarding lates are in the credit card section. 

Capital One Quicksilver Visa | Capital One Quicksilver Matercard | Sony Visa | ebay Mastercard | Best Buy Mastercard | JCP | Kohl's | Conoco | Bloomingdales | Shell | CareCredit | Firestone | Walmart | Academy Sports Visa | Macy's | Target | Amazon | Gap | Norstrom | PepBoys | Von Maur | Chevron |
Frequent Contributor
Posts: 375
Registered: ‎03-26-2010
0

Re: late

[ Edited ]

Just delete my account. I am tired of being messed with by marinevet.

Capital One Quicksilver Visa | Capital One Quicksilver Matercard | Sony Visa | ebay Mastercard | Best Buy Mastercard | JCP | Kohl's | Conoco | Bloomingdales | Shell | CareCredit | Firestone | Walmart | Academy Sports Visa | Macy's | Target | Amazon | Gap | Norstrom | PepBoys | Von Maur | Chevron |
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: late

Any moderator would have moved it to Rebuilding Your Credit. The CC board is geared towards apping for, using, or getting the most out of your current and open CCs. These would include discussions on AFs, rewards, apps, CLIs, current reporting, card offerings, and so forth. The RYC board are for those who want to repair what's already reporting like removing old lates, TL stati, baddie removals, and others.

 


jeffery581 wrote:

OK well I see other post regarding lates are in the credit card section. 


If you do see others it's possible we missed some or haven't seen them yet. We'll often get alerted by other posters who click the "Options" link and then "Report Inappropriate Content". The Content might be OK, but mods do get alerted if it needs to be moved.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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. 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.