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Regular Contributor
whodatnation2
Posts: 230
Registered: ‎11-30-2011
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90 and 120 lates dropping off

I have four student loans with a total of 9 90/120 lates each. They are due to start dropping off this October. So can I assume that my score will go up each month that they drop off?


Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740


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Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013
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Re: 90 and 120 lates dropping off

Are these the only bads it depends what else you have in your file.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


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Regular Contributor
whodatnation2
Posts: 230
Registered: ‎11-30-2011
0

Re: 90 and 120 lates dropping off

That's it....4 tradelines with these lates.......


Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740


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Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: 90 and 120 lates dropping off

IMO, you probably won't start seeing gains until the last one deletes. FICO zeros in on the most recent and the most severe.

Established Member
nickf4rr
Posts: 62
Registered: ‎01-11-2013
0

Re: 90 and 120 lates dropping off

Does FICO make much of a distinction with > 30 day lates?  I have 3x 30 day lates on two accounts.

Starting Score: 01/12/2013 EQ 683
Current Score (myFico): 5/8/13 TU 734, EQ 738 05/04/13 EX 722
Last App 05/3/2013 - Off to garden for the rest of the year!

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Regular Contributor
whodatnation2
Posts: 230
Registered: ‎11-30-2011
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Re: 90 and 120 lates dropping off

So am I to assume that I won't see much gain until the last 120 late drops off?


Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740


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Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013
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Re: 90 and 120 lates dropping off

    30 day lates count for something but much less and as time goes by they matter even less...

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013
0

Re: 90 and 120 lates dropping off

It depends on frquency thickness of file etc.   And how old they are.  Some lenders may not care.  I was approved for a csp, discover it, batclaus walmart with a 60 date less than a month old.  And car loan.  Amex denied me not bc of late but recent auto loan.  But my utility was low.  So sometimes its ymmv and I did havr 30 accounts no lates with one with a late and 10 active accounts it helped.  I assume at 6 month point with low utility ill get into 700s and these new accounts hit 6 month.

Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


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Regular Contributor
omskillet
Posts: 118
Registered: ‎01-04-2012
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Re: 90 and 120 lates dropping off

[ Edited ]

whodatnation2 wrote:

I have four student loans with a total of 9 90/120 lates each. They are due to start dropping off this October. So can I assume that my score will go up each month that they drop off?


I have the exact same thing on my report. I can tell you from my experience what happened...if the lates are stacked back to back most likely they will all disappear at once. That happened to me on both Experian and Equifax. TU they fell off one month at a time. My were old enough such that the score bump wasn't significant. Like people say the older the gets the less effect it has. Of course if these are your only baddies you could see another score change from being rebucketed. 

Regular Contributor
whodatnation2
Posts: 230
Registered: ‎11-30-2011
0

Re: 90 and 120 lates dropping off

were they 90 and 120 lates......


Starting Score: EQ 564, TU 560
Current Score: EQ 724, TU 770, EX 789
Goal Score: 740


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