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Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: Late payments after charge-off

Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
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Re: Late payments after charge-off



Noah_Bodie wrote:


Calamity wrote:
Lates always help your scores!

I beg your pardon?


I wish I could say it looks like a typo!Smiley Happy
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
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Established Contributor
Posts: 720
Registered: ‎05-04-2007
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Re: Late payments after charge-off


fused111 wrote:


Noah_Bodie wrote:


Calamity wrote:
Lates always help your scores!


I beg your pardon?



I wish I could say it looks like a typo!Smiley Happy




It is a typo: e-l-p should have been u-r-t. Only three letters mistyped. Very common mistake ...

Smiley Happy
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
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Re: Late payments after charge-off



Quest76 wrote:
Hi Tuscani,
 
Just following up: 
 
In my email dated 7/6/07 @ 9:25am I explained how Fair Isaac added those recent dates of being 90 days late on the myFICO Experian report (whereas Experian directly does not show those recent dates).
 
In your email dated 7/6/07 @ 1:23pm you mentioned that Fair Isaac cannot add information, but that you were going to look into this.
 
Just checking to see if you've gotten any feedback about this?  Thanks Tuscani.


I suspect it is a display error with the new report format. Assuming that is the case, your scores shouldn't be affected.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0

Re: Late payments after charge-off



Revike wrote:

fused111 wrote:


Noah_Bodie wrote:


Calamity wrote:
Lates always help your scores!


I beg your pardon?



I wish I could say it looks like a typo!Smiley Happy




It is a typo: e-l-p should have been u-r-t. Only three letters mistyped. Very common mistake ...

Smiley Happy


 
Wish I could say I agree, but I suppose I'm just going to have to set charges and blow the bridge before any more crawl out from under it.
 
New Member
Posts: 2
Registered: ‎08-20-2007
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Re: Late payments after charge-off

I am having the same problem (90 days late shows up multiple times on FICO report, but not on underlying report from Experian).  Were you able to resolve this?  If so, how?
New Contributor
Posts: 144
Registered: ‎06-01-2007
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Re: Late payments after charge-off------Tuscani????????

Prior to my eailer post today, I searched the forums and I am still searching the forums for an answer to my post.
 
This is a copy of your post to the op
___________________________________________________________________________________
 
Quest76 wrote:
Hi Tuscani,
 
Just following up: 
 
In my email dated 7/6/07 @ 9:25am I explained how Fair Isaac added those recent dates of being 90 days late on the myFICO Experian report (whereas Experian directly does not show those recent dates).
 
In your email dated 7/6/07 @ 1:23pm you mentioned that Fair Isaac cannot add information, but that you were going to look into this.
 
Just checking to see if you've gotten any feedback about this?  Thanks Tuscani.


your post back to the op was:  I suspect it is a display error with the new report format. Assuming that is the case, your scores shouldn't be affected.
__________________________________________________________________________________
 
According to my scorewatch that I purchased today, it said that one factor hurting my score was one late payment within the last 7 months. Cap One is the only one showing a late payment in that time frame. I only have one other late payment, that was to JC Penny over five years ago and it was a 30 day late.
Also, since this cap one acct is co and closed, dola was 05/2002. How can you be late on a closed account?
 
I read over the FCRA and it states that if neg. info is reported, they must notify you within five days.
New Visitor
Posts: 1
Registered: ‎03-05-2013
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Re: Late payments after charge-off

If you pay off a chargeoff in its entirety will this help your credit score?

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Late payments after charge-off


jeno wrote:

If you pay off a chargeoff in its entirety will this help your credit score?


Likely no, but it depends on a couple of factors. For example, if it were a CC and that CO'd CC factored into CC utilization in a negative way, then paying it off could help your utilization and that alone can help your FICO. Conversely, if it were a CO'd CC and maybe it was CO'd because someone forgot about an annual fee, and that CC helped your util, then paying it off would increase your overall util and that can hurt your score. Another factor is the status. If it were just CO'd with no payments and had an active status of a CO, then paying it off would change the status to "was a CO" and some have seen slight improvements. It depends on when it reported last. If it were an older CO, then likely no change. If it just CO'd this month and was paid, then there might be room for a score improvement when it updates next.

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