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How long do lates stay on your report?

New Visitor

How long do lates stay on your report?

I have a 30 day late that is a year old, and a 60 day late that is two years old. How long will they continue to effect my credit score?
4 REPLIES
Super Contributor

Re: How long do lates stay on your report?

Up to 7.5 years, usually drop off in 7 years.
 
And they cause less of a score drop as they age, assuming there are no more lates after them
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus

Re: How long do lates stay on your report?

Established Contributor

Re: How long do lates stay on your report?

i would try to GW them thar' lates. 
Highlighted
Established Member

Re: How long do lates stay on your report?

Yeah they definitely hurt less as they age. My wife had a 30 day and a 60 day late in 2003 and her Fico is 786.