"Not more than two payments past due" -- Anybody know what that means?

[Anonymous]

Well, besides the obvious...

I tried to GW my First Savings CC account due to have 4 - 30 day lates and 1 - 60 day late on it, all consecetive, from Oct 13 to Feb 14.  I didn't make the minimum payment from Oct 13 to Jan 14, then I have been on-time ever since.  In the status update of the report on MYFICO, it was updated today to say "Not more than two payments past due", but it still shows in the payment breakdown area of showing the 30s and 60s...

Anybody see this before?

[RobertEG]

One payment past due = 30-late

Two payments past due = 60-late

[Anonymous]

So I guess that was somewhat of a good will update to the record on the CR...

[tufa4311]

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@Anonymous wrote:

So I guess that was somewhat of a good will update to the record on the CR...

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I don't think there was a goodwill update. The worst you had was a 60-day late - yes, you have multiple 30-day lates but, again, the worst you've had is a 60-day late. As I understand what RobertEG is saying, "Not more than two payments past due" is not referring to the number of times you have been late but rather only to what degree you have been late. The worst you were at was 60-day so you were no more than two payments past due (even if you have 3 60-day lates you technically would still have no more than two CONSECUTIVE payments past due at any ONE TIME. If you have a 90-day late then you would have no more than three payments past due and so on.)

Anyone correct me if my understanding is incorrect.