Any data points on late payment hitting 2 yr mark?

[MugenCivicSi83]

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@Anonymous wrote:

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.

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Brutal, I understand you. I have a 30 day late on one of my CC's. 2 paid collections falling off next year all 3...looking forward to what all those baddies off my report will do for my score. unfortunately i will also be selling my car so i won't have that installment loan but I do have student loans so that shouldn't have an effect on my score i suppose. *subscribed to this*

[Anonymous]

Essentially for data points...The people that were actively tracking the effects are no longer active on the board itself, is what Revelate was saying. Plus the data was on a FIco 4 versus the current Fico 8 model. To give you a good ideal from my own. My lates are still affecting me almost 7 years in. They all fall off at various times 2017. Lates will hurt you as long as the accounts are still reporting. It doesn't drop from what I've seen at a 2 year mark. Key factors if nothing else bad is in your report, will still quote lates as major derogatory because they affect you the duration they are still visible on your report. Your scores will be helped by other factors though along the way.  Nothing else negative is on my TU but student loan lates from almost 7 years ago.

[Anonymous]

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@Anonymous wrote:
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.

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Good data point.  I had a 90 day late removed that was 1.9 years old which gained me 32 points, then the next cycle it reappeared and I lost those 32 points.  Incidentally, that 90 day late is the one that prompted me to start this thread as since it's back, that 1.9 year late will hit 2 years next month so I'm trying to get an idea of how many points may come back at the 2 year mark.  I was thinking 5-10 at best, but I really don't have a clue. 

Off topic I'm not sure why the late payment came back after it was removed via GW.  I received 2 response letters from 2 different people about 2 weeks apart saying that the late payment would be removed on the account, so at least I've got those 2 pieces of ammo to use in a month or so should the 90 day late still be on there.

[Anonymous]

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@Anonymous wrote:

Essentially for data points...The people that were actively tracking the effects are no longer active on the board itself, is what Revelate was saying. Plus the data was on a FIco 4 versus the current Fico 8 model. To give you a good ideal from my own. My lates are still affecting me almost 7 years in. They all fall off at various times 2017. Lates will hurt you as long as the accounts are still reporting. It doesn't drop from what I've seen at a 2 year mark. Key factors if nothing else bad is in your report, will still quote lates as major derogatory because they affect you the duration they are still visible on your report. Your scores will be helped by other factors though along the way.  Nothing else negative is on my TU but student loan lates from almost 7 years ago.

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I'm still not following this.  I guess I'm not understanding the actively tracking part.  There are thousands of people in this forum that actively track their scores from month to month, week to week, even day to day for the hardcores.  That said, all I'm asking for is if anyone had a late payment cross 2 years what was their score before/after that point in time.  I don't get what people leaving the boards has to do with my question at all as I'm trying to solicit the information from current board members that have recently had a late payment cross 2 years, or if they recall what happened even if it was a while back when one crossed 2 years.

[Anonymous]

I'm going to leave my screenshot there for you to "see" as long as you have the lates being reported, they hurt, the part about actively tracking them, most people have learned that's the least of your worries. Pick up the points in other categories, cause you won't get the full point allotment in payment history until you're totally late free.

[Sbrooks1]

I have one 90 day that is approaching 7 yr mark in February. It's my only bad on TU so hoping I get a score increase. Didn't track 5 yrs ago to know if there was a change a 2 yrs BBS!

[Anonymous]

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@Anonymous wrote:

I'm going to leave my screenshot there for you to "see" as long as you have the lates being reported, they hurt, the part about actively tracking them, most people have learned that's the least of your worries. Pick up the points in other categories, cause you won't get the full point allotment in payment history until you're totally late free.

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Which is why people do GW campaigns.  On my profile, I have 2 accounts with major late payments (90 day and 120 day).  The removal of one of these late payments results in my score increasing 25-30 points... that's with the other still being present so I'm not perfectly clean.  I'd imagine the removal of the second one would result in a score increase of greater than 25-30 points as the final one being removed would move me from a dirty bucket to a clean bucket.

It's still nice to know what sort of score increase can be realized once a late payment crosses the 2 year mark as that's the first (possibly only) threshold most usually speak of with respect to late payments.  I appreciate those that are contributing to this thread. 

[Anonymous]

Brutal- it's very unlikely you will see a significant score increase with only one dropping off and the other remaining. I only speak from experience. You may see a few point gain with one dropping off.

You will experience a significant score increase when your very last baddie falls off.

[Anonymous]

Donny10,

I already did see a 25-30 point gain from one major late payment coming off while one other one remained (on a different account).  The one that was removed was the 90 day late that was 1.9 years old where the 120 day late on my only other negative account which is about 3 years old was still on there.  Scores up 25-30 points.  Unfortunately the removal of that baddie was short-lived as it returned a few weeks later, and my scores dropped back 25-30 points.  I'm confident, though, that it will be removed for good relatively soon.

[Anonymous]

I'm not usually one to bring 2+ week threads back to life, but I never really got the answer I was looking for and perhaps some new eyes will see this and be able to chime in with it refreshed.

Again, all I'm looking for is anyone that's had a late payment cross the 2 year mark that checked their scores both before and after it passed 2 years.  I'm curious how many points your scores went up when this happened.  2 other crucial pieces of info would be the severity of the late payment (60 days, 90 days, etc) and how many other late payments you possess in your file.

I'm less than a month away from my 90 day late payment crossing the 2 year mark, so I'll have a data point to add soon enough.