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Really confused by this - I had a 90 day late that was updated as never late and my EX didn't budge at all...
Post some data points for help. This is too vague for me to assist.
I called FICO customer service, I guess I'm way too impatient. They don't update FICO scores for 7 days so even though the report is showing deleted, the score doesn't update immediately. I erroneously thought it would update with each score pull. Another lesson learned!
@Anonymous wrote:I called FICO customer service, I guess I'm way too impatient. They don't update FICO scores for 7 days so even though the report is showing deleted, the score doesn't update immediately. I erroneously thought it would update with each score pull. Another lesson learned!
Please see ABCDs questions above.
If you have other major baddies present on your report, chances are removing a 90 day late would have little to no scoring impact. If it was your only major baddie, you'd stand to realize a substantial gain, likely in the 50-100 point range.
All Other Baddies - (new at trying to figure out how bad is bad)
How old was the most recent date on the 90D late that was removed?
A recent 30D late can hurt you for as much as 100 points during the first 0-6 months, while a 2 year old 90D late may hurt for less. So if that 90D late was 2 years old and removed but you still have a recent 30D late, the score change may be zero.
This chart is strictly "popular" values -- it isn't exact and different profiles have different pain for lates. This chart reflects folks I monitor who had only ONE late on their reports, not multiple, so it definitely isn't truth or exacting, just a way for me to keep track of these things on average.
What a helpful chart, definitely saving. The 90Day late is a year old - happened in November 2016...
I did notice my vantage went from 618 to 630...
Will do! Hoping this is just a usual EX lag... fingers crossed
@Anonymous wrote:How old was the most recent date on the 90D late that was removed?
A recent 30D late can hurt you for as much as 100 points during the first 0-6 months, while a 2 year old 90D late may hurt for less. So if that 90D late was 2 years old and removed but you still have a recent 30D late, the score change may be zero.
This chart is strictly "popular" values -- it isn't exact and different profiles have different pain for lates.
^ Like the chart. Not sure if an isolated 30 day late would negatively impact score after 2 years but, I think a 60 day certainly would to some degree. Regardless, it's a good illustration showing how 90 lates are treated much more severely for a full seven years.
As mentioned in prior posts: if there are other recent lates on file, improvement in score by removing the 90 late is severely limited as the other lates still hold it down. The big boost coming when the last one is gone or aged past a critical threshold.