speculating effect in fico score

[oracles]

My sister has a late that is 6 years 11 months old and is about to come off, so say the report. Do you think she will gain a couple of points due to this late coming off? I know she would be in a different bucket due to her now having no baddies whatsoever. With this probable re bucketing, and late coming off, do you think she will gain some pts. I would be interested in hearing your comments. Thanks

[marty56]

If its a 30 or 60 day late, probably very little point gain.  90 day late or more big gain.

[oracles]

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@marty56 wrote:
If its a 30 or 60 day late, probably very little point gain.  90 day late or more big gain.

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Thanks for the response marty

Yes, it is only a 30 day late but with the rebucketing of a clean report, will it increase the points more?

[Anonymous]

How much do you coinsider a "little point gain" or a "big gain"?

[oracles]

great question

Little is 1-2 pts

med is 5-7 pts

big 11-15 pts

[fused]

What are your sister's current FICOs? Any other bad stuff? If so, how severe and how old? What about her revolving util? Both indiv and overall?

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oracles wrote:

great question

Little is 1-2 pts

med is 5-7 pts

big 11-15 pts

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[oracles]

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@fused wrote:

What are your sister's current FICOs? Any other bad stuff? If so, how severe and how old? What about her revolving util? Both indiv and overall?

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@oracles wrote:

great question

Little is 1-2 pts

med is 5-7 pts

big 11-15 pts

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Hi fused, thanks for replying

I think her ficos are now 700-710 i think (she is at work right now)

she does not have any other baddies, she only has 2 cards with a balance.

1 with a BT 80% util

2 everyday charging

total util 22%

[Anonymous]

Because the scoring is different for everyone....I would guess that there will be no cnange when the 30 day drops. This is only a guess though.

She would see an increase if she pays down CCs to 9%.

All baddies hurt less as they age. Usuall it takes 2 years on a 1- 30 day late to hurt less.

Message Edited by HappyDays on 01-16-2009 11:29 AM

[fused]

Maybe 5 points (probably none though) if she's lucky. The CC util is keeping her down.

[oracles]

Thanks everyone, appreciate your responses. I will keep you all updated when it comes off her report. I told her i will buy her scores as a birthday gift lol. I am going to buy the score right before and after the drop to tell you if there is a difference in score.