How many negative remarks do you have?

[red456]

I have 4 negative marks that just dont seem to be going anywhere. One is paid , after years, and the others were truthfully late. All are zero balance now. Just wondering, what's the average most folks have?

[PNut08]

I have 3 lates from 3 years ago when I was still in school. I tried to GW them, but got a nonsensical response from citibank about the dispute process.

The only other "negative" on my credit report card is the # of inquiries. I'm at 10 at the moment, but half of them are from a car purchase in April 2010. I guess I'll see if my score goes up when those inq fall off in about 4 months.

So yeah, 3 lates from 3 years ago are my only truly negative items.

[casmith1980]

I have 2...

GEMB/JC Penney - $0, PIF but can't seem to GW it gone   Scheduled to fall off in 2013

First Premier - $430 - I'm able to PIF/PFD but the stubborn part of me refuses to give FP a red cent of mine.  I made the mistake of thinking that since I never "activated" the card, then I wouldn't have to pay those obnoxious fees....well, wrong I was and boy am I paying for it now.  Scheduled to fall off in 2014

I definitely screwed up with the FP (worse than the GEMB) and really wish I knew about myfico.com back then.  I would have opted for a secured card before that .

[red456]

So does anyone know how many negatives are too many? I am down to three that say, "paid/bad debt/collection" and one 90 late from GMAC that they just won't change anything.  And if they are removed or changed to paid as agreed, does that help your score go up?

[llecs]

IMO, one is too many. There are plenty of examples of 50-70+ point gains when the last baddies falls off. It all depends on what is reporting, how they report, and the type of baddie. Your scoring bucket comes into play too.

[MidnightVoice]

---

@llecs wrote:

IMO, one is too many. There are plenty of examples of 50-70+ point gains when the last baddies falls off. It all depends on what is reporting, how they report, and the type of baddie. Your scoring bucket comes into play too.

---

Yup - I gained an average of 51 points when my one and only baddie dropped off

[pizzadude]

Even a single 30-day late on an account is enough to move the TL into the "negative items' section of your CR.   After a few years, the damage of a 30-day is pretty negligible, as opposed to a 60 or 90 day late which will hurt your score longer.

[GregB]

The vast majority have no negatives of any kind.

It is a big deal to go from no negatives to one negative but far less to go from one to a few.

One 30 day late that was 7 years old was hurting my score by 30+ points when I was near 800 otherwise. Everyone claimed it was too old to matter but the point change was dramatic when I got back to no negative info at all.

It really depends on what is hurting or helping your score. If you have a 90-day late then a new 30-day doesn't mean much, if anything to your score.

Major Derogatories are far worse in their effect.

[morganirish]

I had one late from 2005 from a loan-  And 3-30 day lates in 2007 from cc.   EQ reports none of them and that score is 773,  TU reports the late from 2005 and only one of the cc lates from 2007,  that score is 732-  Big Difference.  I also know that, at least on the Exp. report that they report all three of the cc lates but not the late from 2005.  I have no idea what the exp. score is of course but my guess is it is the lowest.  Over time my scores improved even with the lates reporting. 

But, I think lates hurt till the end.    I mean, if you have a high util, you can reverse that pretty quickly by paying down the debt,  but a late?  seven years is a long time.   I have learned, never, ever, ever be late again. 

[fused]

No baddies on any of my reports. I couldn't say the same thing from the late 90's to 2005. At that time, my reports were very dirty with lates, collections and charge-offs.