https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679702#M142747 <P>I applied for a credit card from Citibank and was denied for two negatives on my report.&nbsp; I have 10 TL in good standings never late.&nbsp; All of my credit cards are below 20% usage, but they have a low limit, and I have an installment loan that is rising my uti.&nbsp; My questions is how long will the neg weigh me down the last lates on the two were over 2 years ago, the last two years of them reporting was on time.&nbsp; They are mortgages, one was paid off in full the other states foreclosure started.&nbsp; I still own the home in question and it is paid in full.&nbsp; How long should these still weigh in on my fico?</P> Fri, 28 May 2010 03:04:58 GMT Anonymous 2010-05-28T03:04:58Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679702#M142747 <P>I applied for a credit card from Citibank and was denied for two negatives on my report.&nbsp; I have 10 TL in good standings never late.&nbsp; All of my credit cards are below 20% usage, but they have a low limit, and I have an installment loan that is rising my uti.&nbsp; My questions is how long will the neg weigh me down the last lates on the two were over 2 years ago, the last two years of them reporting was on time.&nbsp; They are mortgages, one was paid off in full the other states foreclosure started.&nbsp; I still own the home in question and it is paid in full.&nbsp; How long should these still weigh in on my fico?</P> Fri, 28 May 2010 03:04:58 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679702#M142747 Anonymous 2010-05-28T03:04:58Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679768#M142750 <P>Depending on how bad the lates are, they could affect your score up to the 7 years it takes for them to fall off.&nbsp; The other issue is that&nbsp;the decision to grant credit isn't just based on your FICO score and just having the item on your CR might be enough to get denied.</P> Fri, 28 May 2010 13:26:30 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679768#M142750 marty56 2010-05-28T13:26:30Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679858#M142767 <P>Your installment loan&nbsp;counts very little toward utilization.&nbsp; If they were single 30 day lates, they do not hurt as much after 2 years.&nbsp; 60, 90 or 120&nbsp;days will hurt much longer.&nbsp;</P> Fri, 28 May 2010 19:02:31 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/679858#M142767 Anonymous 2010-05-28T19:02:31Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/680300#M142806 <P>I agree that % util on installment loans does not factor strongly into FICO sccorng, for they are, particulary if mortgage loans, predicted by FICO to be the last form of credit payment that a consumer would likely become delinquent upon.</P><P>But, using the same logic, a default in payment of a mortgage loan is viewed by FICO as being a&nbsp;serious major derog. Subequent payments dont erase the FICO blemish of missing a prior mortgage payment. It is an indication of serious credit problems at that time. And especially if that derog extended for more than 30-days, or led to any forecloure actions.</P><P>The derog will remain for 7 years from the date of each dilquency on payment.&nbsp;&nbsp; They are major derogs.</P> Mon, 31 May 2010 04:11:56 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Denial-and-Equifax/m-p/680300#M142806 RobertEG 2010-05-31T04:11:56Z