@iced wrote:Do major derogs also hurt less over time (as the article states) or do they significantly hurt a score for the full 7 years they're on it (as the "not given for major derogatory" infers from the Fed doc)? This has caused me some consternation as I have seemed to have hit a glass ceiling at 750-775 (my worst baddie is a 150 day late from 2012), but I also find it hard to believe I'm going to wake up one morning in 2019 to a 50+ point jump into the mid 800s.
You've achieved over a 759 FICO 08 score with a major delinquency (120 day late)? That's worthy of discussion, as from what I understand no one has reported over a 759 score with the presence if a major on their report. Minors yes, but not majors. This is great news for others (like myself) with majors 
@Anonymous wrote:
Well to give you some hope I have one derogatory collection which I PIF falls off next year. I just got approved for a $56k car loan at the lowest possible rate and also applies for penfed CC and was also aprroved. My score was 716
Nice! I can't even get a car loan with a 717 & a clear report on Experian.
@Anonymous wrote:
@iced wrote:Do major derogs also hurt less over time (as the article states) or do they significantly hurt a score for the full 7 years they're on it (as the "not given for major derogatory" infers from the Fed doc)? This has caused me some consternation as I have seemed to have hit a glass ceiling at 750-775 (my worst baddie is a 150 day late from 2012), but I also find it hard to believe I'm going to wake up one morning in 2019 to a 50+ point jump into the mid 800s.
You've achieved over a 759 FICO 08 score with a major delinquency (120 day late)? That's worthy of discussion, as from what I understand no one has reported over a 759 score with the presence if a major on their report. Minors yes, but not majors. This is great news for others (like myself) with majors
The next time it goes over 759 I'll send you a screenshot if you like. This month FICO via Citi (Experian?) is showing 753. I wish Vantage scores mattered more; I'm over 800 on TU Vantage. I only have 3 cards + a DCU checking account (which isn't FICO8), so I don't have a good (read: free) way to constantly check all 3 bureau FICO scores. I watch the reports more, which between Experian's free report and CK, I can cover the 3 bureaus for free.
Based on your statement, can I reasonably surmise if all of the 90 day or worse lates fall off, my score would then be over 800? There's two accounts (one open and one closed) showing 90 day or worse late payments in their history.