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Depends on your history - but you can get it pretty solid even with lates / derogs.
Take my situation:
I had about a dozen different 30/60 day lates in late 2013 accross a few different credit cards....., and one in early 2014 (recently removed via a goodwill letter).
I also had a federal tax lien of $50k about 2 months ago. It's been paid and released (but not withdrawn from my credit report, which I'm currently working on).
MyFico 8 scores are around 740-760.
Mortgage scores are 700 - 720 depending on the bureau.
Auto scores are all ~750.
My scores started around 580-600 early 2014.
Once my tax lien gets removed from my report in a couple months, I am guessing my Fico 8 scores will be 760-780, my mortgage scores around 720-740.
Needless to say, I have been working my A$$ off since that last late payment in 2014 - whether it's been paying down my debt, or writing goodwill letters, etc etc.
I think you can get up to 700 with consistent good trends in your credit profile.
Current scores are in my signature. MyFICO is saying they'll be over 700 if I pay down my balances. I have 3 old medical collections that won't fall off for at least two more years, but I will be squeaky clean after that!
Update since my last post in this thread. My last IIB account was deleted from my TU report last week. I gained 40 points. Went from 680 - 720. Still have the BK and 3 liens reporting. I think the 720s will be the highest that I'll see until those four items come off my report.
@daudi81 wrote:Depends on your history - but you can get it pretty solid even with lates / derogs.
Take my situation:
I had about a dozen different 30/60 day lates in late 2013 accross a few different credit cards....., and one in early 2014 (recently removed via a goodwill letter).
I also had a federal tax lien of $50k about 2 months ago. It's been paid and released (but not withdrawn from my credit report, which I'm currently working on).
MyFico 8 scores are around 740-760.
Mortgage scores are 700 - 720 depending on the bureau.
Auto scores are all ~750.
My scores started around 580-600 early 2014.
Once my tax lien gets removed from my report in a couple months, I am guessing my Fico 8 scores will be 760-780, my mortgage scores around 720-740.
Needless to say, I have been working my A$$ off since that last late payment in 2014 - whether it's been paying down my debt, or writing goodwill letters, etc etc.
Wow...your scores seem high given that you had a federal tax lien 2 months ago plus a bunch of 60 days late just two years ago.
Gives me hope!
I've been stuck in the mid to upper 600's... and will be until my Ch 13 derogs fall off.