Established Contributor
bettercreditguy1
Posts: 759
Registered: ‎02-11-2012
Re: 120 late or paid collection - which is better?

If you are unable to get the 120 day reporting late off of your record either by good will or trade deletion, it will fall off of your record in about 7 years. Until then, it will hold back the rise of your Fico scores.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience