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Late Payments

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Anonymous
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Late Payments

 
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Late Payments

Hi,

 

New subscriber to Myfico. This is a great forum.

Just pulled my 3 Fico scores and had a negative comment on a few 30 day late payments.

The comment said one was a recent 30 day late (6 months).

Does anybody know how these have less impact over time, or when a late is no longer considered recent

 

Thanks

retat

Message 2 of 3
haulingthescoreup
Moderator Emerita

Re: Late Payments

Hi, welcome to the forums!

A thirty-day fades after 12 months, and after 24 months, it has very little affect on FICO scores.

If you haven't already, please read Credit Scoring 101, at least the first post, although you'll learn a lot from continued reading, and the FICO pdf file titled Understanding Your FICO Score. They're both linked in my siggy.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 3 of 3
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