topic "never been late" CC requirement?? in Credit Cards

"never been late" CC requirement??

Anonymous — Wed, 31 Dec 2008 04:31:47 GMT

I feel this is a silly question, but the Capital One Platinum Prestige card has several requirements, one of which is:

"have never been more than 60 days late on a credit card, medical bill or loan payment."

So my question is, for a requirement like this, do they really mean never late for the last 7 years, since negative info only stays on credit reports for this amount of time??

My baddies were charged off after a series of late/missed payments. Since they are now negative accounts, they will be deleted. However, I have seen my mom's CR and noticed closed revolving accounts as old as ten years still reporting.

So after these baddies are off my report and I maintain a good payment history, can I technically say I "have never been more than 60 days late on a credit card, medical bill or loan payment" since there will be no history of them on my credit report??

Re: "never been late" CC requirement??

Anonymous — Wed, 31 Dec 2008 04:38:53 GMT

I think as long they are on the credit reports, it might be an automatic DQ. But i'm not sure about this particular product. You might want to check out whogavemecredit.com

Re: "never been late" CC requirement??

haulingthescoreup — Wed, 31 Dec 2008 06:52:08 GMT

Closed accounts should report for (up to) ten years after the closing date. Any baddies on them are supposed to stop reporting 7 - 7.5 years after they occurred. So a closed account with baddies ought to have at least 2.5 - 3 years of clean history reporting before they fall off entirely.