Negative payment history will be dropping off from now until Dec 2017

[eblackman]

Hello everyone and starting from Ocotber 2016 - until end of 2017 dec i will hvae some major 30,60 120 day lates dropping off many of past accounts based on the seven year rule. My question is will scores go up and if so by how much you think and also how will it display once removed from credit report for example it displays 30, 60 and 120 in the box with the year. 

Also is the myfico credit score worth getting.

E

[grillandwinemaster]

Yes, buy your credit score from here. Or, check the threads on CCT and see if you can get them for a buck. If you don't have benchmark scores, your basically shooting darts in the dark.

Your scores May go up a few points here and there as each of the individual major lates fall of.  

Expect to see the major increase when your LAST major late/derogatory falls off. 

[805orbust]

Hey, is that true? I've seen some crazy bumps in my scores thus far, however only have one left to fall off in a few months. I thought it didn't make much of an impact if it was old. Does getting the last one off really have a positive impact like that?  May make a nice winter project trying to get am EE.

[grillandwinemaster]

If your last late payment is a 90 Or 120 day late, it's calculated by Fico as a major derogatory item like a bk or a public record. In which case, depending on the rest of your credit profile, you May see a nice bump in your scores after the last one ages off and your credit profile is considered clean.

If your last late payment is a 30 day late, the scoring impact diminishes with time, in which case, you May not see much of a rise If any at all when it ages off. 

As with anything Fico related, YMMV.