Any data points on late payment hitting 2 yr mark?

[Anonymous]

For those that have had a late payment hit the 2 year mark and monitored their score before/after, would you mind sharing what type of score gain was realized and also provide some personal profile-related data to go along with it?

What severity was the late payment?  (30, 60, 90, etc) - Was it your only late payment?  If not, how many others did you have?  Any other baddies?  Thick or thin file?  AAoA?  Aggregate utilization?  Inquiries?  

I've got a 90 day late payment hitting the 2 year mark next month and am just trying to get an idea of if I stand to gain a point or two or possibly a little more, and seeing others with similar profile data and their experiences with hitting the 2 year mark could help me with that.  Thanks everyone. 

[Anonymous]

Glad to know about this news here. Though this ins't happened to me and got very late payment. However, thank you for let us know.

[Anonymous]

I wasn't providing any news or data unfortunately, I was soliciting it from others that have experienced it already.  I'm a bit confused by the above post.

[RobertEG]

Years of anecdotal posts here in the forum indicate that minor derogs (30/60 lates) loose most of their scoring impact after approx. 2 years.

However, major derogs continue to have significant impact throughout their reporting lifetime.

Additionally, FICO uses different scoring algorithms ("buckets") that are based on overall categorization of your credit file to provide a comparison of consumers with similar categories of other consumers.

Having any major derog is a recognized scoring categorization that places your scoring of payment history in a less favorable category ("bucket").

More significant scoring increases are usually seen once all major derogs are gone.

Thus, the effect of minor derogs hitting 2 years is likely dependent upon whether or not the report shows any remaining major derogs.

[Anonymous]

Right, I understand all of that thoroughly.  That's why I'm looking for data points from others that have had a late payment whether minor (30/60) or major (90+) that's crossed the 2 year mark as based on their unique profile it would be interesting to see what the scoring impact would be.

[Revelate]

Most of those people are gone unfortunately.

I might get a datapoint next November if I can get my lien early excluded off TU and at least one other bureau by that point.

[Anonymous]

What do you mean most of those people are gone?

[Revelate]

Haven't logged in for multiple years is what I mean.

IIRC all the testing that was done on it was on FICO 04 and earlier, I've not seen anything on FICO 8 personally.  Did get a pretty good datapoint that VS 3.0 effectively ignores 30 day lates after a year (singleton late no others for a pattern) but that's not worth anything as far as FICO goes.

[Anonymous]

I guess I'm not following you. 

How would there be any fewer people on these boards today that possess late payments that have crossed the 2 year mark (say in the last year) than there were a few years ago?

I'm just looking for someone that say had their last late payment in October 2014, then this past October 2016 when the late payment past 2 years I'm curious what their score was just before it hit 2 years and then when it passed 2 years.  Hopefully that makes sense.

[Anonymous]

Brutal- I had a 90 day late on an auto loan that fell off my Equifax at 7 years.. It was my very last baddie on Equifax.

I gained 38 points.