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Frequent Contributor
Posts: 385
Registered: ‎02-06-2009

The effect of 30-day lates on FICO

My EX report from lists one CC account as a Potentially Negative Item.


On this CC are three 30-day lates:

June, 2008

October, 2006

March, 2006


From my understanding, lates will continue to report on a CR for seven years, but their effect on FICO scores diminishes beyond two years.

Using the seven year timeline, two lates will fall off in 2013 and the last one will fall off in 2015.


My question: Will my EX FICO score increase as the lates begin to fall off the seven year timeline? If so, I should experience an increase in March, 2013, another rise in October, 2013 and a final jump in June, 2015. Correct?

09/12/2015 - EX 800 (American Express EX FICO® Score 8, range 300-850)
09/20/2015 - TU 810 (Discover TU FICO® Score 8, range 300-850)
08/25/2015 - EQ 796 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 05/18/2015
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012

Re: The effect of 30-day lates on FICO

According to Robert, and another source article I read, the presence of minor derogs do not bar you from the "prime" bucket, and so your ceiling is not limited purely by having them.  I do think that there is a theory that their weight is around 5% of their original deduction past the 2 years, and so in this theory you may gain a couple of points.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
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