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Regular Contributor
mschang
Posts: 139
Registered: ‎06-10-2012
0

what is considered "recent"?

don't want to keep sending GWs if these don't matter much. both accounts are positive otherwise. just want to know what is considered "recent" to FICO for reference. thank you!

 

WFNNB CC

status is open (though it's really not) with 0 balance

two 30-day lates, one in 2008 and one in 2009

 

BofA CC

closed with 0 balance

one 60-day and three 30-days all in 2008


Starting Score: EQ FICO 588 EX FICO 587 TU FICO 588
Current Score: EQ FICO 660 EX FICO 642 TU FICO 606
Goal Score: 680
Senior Contributor
drkaje
Posts: 3,483
Registered: ‎07-25-2008
0

Re: what is considered "recent"?

"Recent" is pretty much defined by who's evaluating our credit.

 

I wouldn't give up on WFNNB. You do read posts here where people had success. :smileyhappy:


Starting Score: 675
Current Score: EX 754 FICO, EQ 732 FICO
Goal Score: 776 FICO


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Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007
0

Re: what is considered "recent"?

For FICO scoring purposes, I certainly would not expect a 4-year old 30-late to have any significant scoring impact, individually.

I would speculate that it is more the presence of multiple delinquencies than the individ impacts that would raise questions in a manual review.

 

I would suspect that, with scores in the low 600's,  something else is having a more significant impact.

What other derogs are reporting, and what is current utilization?

Moderator Emeritus
fused
Posts: 16,310
Registered: ‎03-12-2007
0

Re: what is considered "recent"?

From a purely FICO scoring standpoint, "recent" is less than two years old.

Credit Profile -
FICO 08 Scores (08-15-2014): EQ 820, EX 817, TU 814
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ A Gold Visa with my local bank 10K
Regular Contributor
mschang
Posts: 139
Registered: ‎06-10-2012
0

Re: what is considered "recent"?

[ Edited ]

i have other baddies so i know these aren't why my scores are low. i just think i could get things done if i focus on the important stuff because it's a little overwhelming!

 

i have 1% util and no lates for a few years now so i really need to clean up my credit report if i want to get that score up!


Starting Score: EQ FICO 588 EX FICO 587 TU FICO 588
Current Score: EQ FICO 660 EX FICO 642 TU FICO 606
Goal Score: 680
Established Contributor
westo12
Posts: 579
Registered: ‎07-20-2008
0

Re: what is considered "recent"?

What are the other baddies?

2014 Starting-618, current TU636/EX653/EQ600 (WalmTU 8/13,Prosper, CLI decline ltr) / Ending Goal score: 720 - 25 pos TLs / Baddies: 1 unpd $312 med CA, 1/30 day auto late on 9/1/12 /reported Install Bal/Lim: 17885/28512 | reported Revolving Bal/Lim: 10055/21082=49%util.

**IN the garden until I get some auto CLI's on major accts**
Regular Contributor
mschang
Posts: 139
Registered: ‎06-10-2012
0

Re: what is considered "recent"?

4 Citibank private student loans totalling 45K (govt loans rehabbed) due to drop off January 2017

(I'm sure I'll have to beg for a repayment plan for this one)

 

Macys due to drop off May 2015, no CA

out of SOL

$715

 

BMW Financial balance of repo due to drop off March 2017, no CA

within SOL

$9,865

 

SL direct from the university due to fall off June 2015, no CA

$7,948 with $2,806 past due

 

DSNB Macys Visa due to drop off May 2015, no CA on CR

outside of SOL

$3,436 but got an offer from CA for 50%

 

Chase CC CO

out of SOL

CA is off my CR (don't know why or how but not complaining)


Starting Score: EQ FICO 588 EX FICO 587 TU FICO 588
Current Score: EQ FICO 660 EX FICO 642 TU FICO 606
Goal Score: 680

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