Two Year Window

[PayYouNever]

There is a lot of talk on this forum regarding the age of certain derogs that are notoriously difficult to remove (paid COs, released tax liens, late payments on CCs) under the context that if these baddies are over two years old then FICO factors them into one's score less and less.

What's behind the curtain on these mechanics? Is it true? Such that I can anticipate mys scores going up next month and in February because my most terrible baddies are three COs that were taken care of in 01/06?

[SmartCookie]

Yes at around 24/25 months the baddies are not considered 'recent' and then move into a lesser class of 'badness'.   But as usual with FICO scoring, YMMV depending on your own 'big picture'.

[haulingthescoreup]

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@PayYouNever wrote:
There is a lot of talk on this forum regarding the age of certain derogs that are notoriously difficult to remove (paid COs, released tax liens, late payments on CCs) under the context that if these baddies are over two years old then FICO factors them into one's score less and less.

What's behind the curtain on these mechanics? Is it true? Such that I can anticipate mys scores going up next month and in February because my most terrible baddies are three COs that were taken care of in 01/06?

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I have the same thing getting ready to happen in February and March. I'm looking forward to the score jump, but I have to remind myself that even though FICO will relent some, many CCC's (and other lenders) will still be unimpressed.

[PayYouNever]

I anticipate having my UTL knocked down to 15 to 20% by February, and I'm hoping that the subordinated power of these COs will help boost my score. They're not recent, and the only "recent" baddie is a late that Cap 1 smacked me with due to an accounting error with the DMP that I employ to handle that debt.