how bad does 30 days hurt if you have more than 12

[Anonymous]

I have a decent score. experian is 743, tu is 695, and eq is 686 but I have some old 30 days on my account, there about 3 years or more old maybe a little more like 4 years and more for most, how much do these hurt me.. there the smallest late block 30 days

ALSO! very important, I have one account that shows all was paid fine it is 2 yrs old, BUT it always shows 30 days late on teh current discription, so I disputed it! BUT I looked at transunion and the account WAS late like 4 times 30 days, equifax doenst show any, it just shows current status as 30 days even though the account is closed for 3 years. so since I disputed it, they will probably put all teh correct 30 days in and ruin my score!?? I jsut disputed that teh current status is not right

man Im scared now..

[CreditBob]

Being late 30 days by 4 times will hurt your score. Until those fall off your fico score will only go so high. So learn from the mistakes and do not be late. Recently with the mortgage & credit crunch more lenders are now taking  a closer look if your are 30 days late even 1 or 2 times.

[haulingthescoreup]

Generally 30-days over 2 years old don't hurt much at all, but it can be different when there are so many. Do you get the comment about lates on multiple accounts? (I do! ) From your scores, it isn't affecting you terribly, although I see you get the EQ spanking too. (I find that EQ penalizes for lates --YMMV.)

As Bob said, these may well be holding you down. You might have been put in a score bucket of people with otherwise good reports and (maybe) long history, but with lates. You can try GW'ing them off. If the account is closed, be aware that some creditors will simply delete the entire tradeline, so you wouldn't want to do this on a very old, otherwise clean account. It is also entirely possible that if everything else is OK, and all these are fairly old, that they have very little impact currently.

You can play with the FICO score estimator (this is different from the simulator you get with your EQ and TU scores.) It's certainly not gospel, but it might give you some ideas. Enter the info from just one CRA if you have different account age, and # of inqs, for instance, and run it through once with the lates, and once without. I call it my time machine, because it lets me know how things might have been.

http://www.myfico.com/FICOCreditScoreEstimator/Estimator.aspx

[Anonymous]

This actually is the proper status for an installment account that was 30 days late.


ALSO! very important, I have one account that shows all was paid fine it is 2 yrs old, BUT it always shows 30 days late on the current description, so I disputed it! BUT I looked at transunion and the account WAS late like 4 times 30 days, equifax doesn't show any, it just shows current status as 30 days even though the account is closed for 3 years. so since I disputed it, they will probably put all the correct 30 days in and ruin my score!?? I just disputed that the current status is not right?