Do 90 day lates have less impact on scoring after ... - myFICO® Forums

Anonymous · ‎05-17-2014

I have a 90 day late from Sallie Mae June 2012. I am disputing it (as I was in deferment and then paid it before 90 days when realized), but heard it is hard with Sallie Mae to get satisfaction on it.

If I cannot get it removed, is it possible to get a small bump on score after the 90 day goes past the 24 month payment history timeline?

I am sure hoping so. I am stuck at 627/630 fICO

Revelate · ‎05-17-2014

Arguably everything has less of an impact after 2 years; however, a 90 day late is a serious derogatory: if it can be gotten off your report, the better off you'll be.

bigblue7722 · ‎05-17-2014

my last sallie mae 90 day plus late was oct 2012 I have like ten of them BTW. My scores are in the 680s now. Im hoping for 700 in oct of 2014

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Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

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SomeGuyOnTheWeb · ‎05-17-2014

I was wondering this as well.

I have a 90 day late from over 4 years ago on a student loan (January 2010) that is since paid off, yet EQ/TU keep reminding me of it. It seems so odd that they'd continue to hold a four year old derogatory over my head.

EQ - 727
TU - 752
EX - 774

Revelate · ‎05-18-2014

@SomeGuyOnTheWeb wrote:
I was wondering this as well.

I have a 90 day late from over 4 years ago on a student loan (January 2010) that is since paid off, yet EQ/TU keep reminding me of it. It seems so odd that they'd continue to hold a four year old derogatory over my head.

As stated, a 90+ day late is a serious derogatory, akin to a BK or tax lien if not quite the same in stature or underwriting.

Anonymous · ‎05-18-2014

There are a couple of different issues here.

One is that the derogatory stays on your report for a long time, and specific lenders may not like it, and deny you.

The other issue is scoring.

Derogatories have less impact over time, for example two years for a 30-day late.

If you want to try to tie this down further, you can do a Google search like:

site:myfico.com effect 90 day lates

Anonymous · ‎05-27-2014

SO I was able to win my dispute and Sallie Mae called Friday to state it would be deleted from the 3 CBs in 72 hours or so.

I am really hoping for an increase in score.

Do 90 day lates have less impact on scoring after 24 months?

Do 90 day lates have less impact on scoring after 24 months?

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Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Do 90 day lates have less impact on scoring after 24 months?

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Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

Re: Do 90 day lates have less impact on scoring after 24 months?

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Re: Do 90 day lates have less impact on scoring after 24 months?

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