I think the only thing holding back my credit score now are my late payments to my student loans. Particulary Sallie Mae as I have several 120 days late showing on my credit from 2011. Come this October 1, the will all be over a year old.
Does anyone know how long this damage affects your credit score. I know after a year it should be less of an affect, but not sure with student loans. My current scores are between 650-696 depending on the bureau. I'm trying my darnest to get over 720.
My Wallet: AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Those are considered major derogatories, & will probably hurt for the entire time that they are on your reports. I believe the effect will be somewhat lessened after the 1st 2 years, but they will still be costing you points, especially since you said you have several of them. It is very unfortunate that they are fairly recent.