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year old 30 day late

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year old 30 day late

So if I were going for a loan ( personal loan) and have 1 30 day late on a credit card, how bad
will that effect my chances. The 30 was from June 07. Hope this is the right forum.
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Re: year old 30 day late

IMO- the 30 day late is not going to be the deciding factor in the lending decision.
 
If you are talking to a CU that you have a relationship with and have the DTI/income to cover the loan payment- your chances are good-
 
You FICO score will also come into play- recent lates hit hard-
a single 30 day late will soften at 1 year and have little score impact at 2 years.

busyone wrote:
So if I were going for a loan ( personal loan) and have 1 30 day late on a credit card, how bad
will that effect my chances. The 30 was from June 07. Hope this is the right forum.



Message 2 of 2
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