120 Days Late Question

[andersk08]

I recently paid off 3 Capital One cards that were reporting as "120+ Days Late". What will it say on my report after they receive the payment? Will my score go up? I know everyones credit is different but will it be a substantial increase? Thanks!

[pizzadude]

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@andersk08 wrote:

I recently paid off 3 Capital One cards that were reporting as "120+ Days Late". What will it say on my report after they receive the payment? Will my score go up? I know everyones credit is different but will it be a substantial increase? Thanks!

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Unless your revolving utilization improves as a result of paying the balances then you shouldn't expect any FICO score improvement.

As long as the 120 day lates are reporting your FICO score will be negatively impacted.

[andersk08]

Grrrrrr lol. Thanks Pizzadude

[pizzadude]

I know it's frustrating but start the GW letters to Cap1, maybe they'll remove some of the late payments.