Late payment removed from report

[mamaoftwins]

The only credit card blemishes I have are from an old BOA card that was closed in Oct 2007.

June 2007: 90 days late

July 2007: 30 days late

7 years is coming up in a few months and I am wondering when they will be gone from my report. Will it be June/July or does it take a month, so I can expect July/Aug? Or does it take a few more months after the 7 year period for them to be removed?

I want to start applying for a couple more cards, as I only have 1 MC right now. I wanted to lower my utilization on that card (and see how my score increases from 647) and then apply for 2 more, but should I wait until these blemishes are off? If I can get above a 680 that will qualify me for better cards right?

[guiness56]

Not later than the end of the month they occured in.  Though sometimes the CRAs will remove them early so as not to go beyond the required reporting period.

The 30 day late is not really impacting your score.  They generally stop after 2 years

The 90 days is considered a major derogatory and will impact your score for the entire 7 years.