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Late payment early exclusion?

jayhawk05
Established Member

Late payment early exclusion?

Hi all,

 

I have the following late payments on my reports for student loans:


8 different trade lines:

DEPT OF ED/NAVIENT

July 2015 - 90 day late

Aug 2015 to Dec 2015 - 120 lates for each month

All Closed, Pays account as agreed


2 different trade lines:

NAVIENT
June 2015 - 90 day late

July 2015 to Dec 2015 - 120 day late for each month

All Closed, Pays account as agreed

 

What's the best way to attack these? Can I ask for early exclusion? Should I just wait to have them fall off? 

Thanks for your help!

FICO 8 as of 1/16/2022:


Current Cards:


Goal Card:
Message 1 of 4
3 REPLIES 3
dragontears
Senior Contributor

Re: Late payment early exclusion?


@jayhawk05 wrote:

Hi all,

 

I have the following late payments on my reports for student loans:


8 different trade lines:

DEPT OF ED/NAVIENT

July 2015 - 90 day late

Aug 2015 to Dec 2015 - 120 lates for each month

All Closed, Pays account as agreed


2 different trade lines:

NAVIENT
June 2015 - 90 day late

July 2015 to Dec 2015 - 120 day late for each month

All Closed, Pays account as agreed

 

What's the best way to attack these? Can I ask for early exclusion? Should I just wait to have them fall off? 

Thanks for your help!


I know it is tough to hear but you should just wait.

Generally, lates don't qualify for EE and you don't want to risk having such nice, old accounts being removed when in just a few months they become 100% positive and buffer your AAOA against new accounts. 

Message 2 of 4
jayhawk05
Established Member

Re: Late payment early exclusion?


@dragontears wrote:

@jayhawk05 wrote:

Hi all,

 

I have the following late payments on my reports for student loans:


8 different trade lines:

DEPT OF ED/NAVIENT

July 2015 - 90 day late

Aug 2015 to Dec 2015 - 120 lates for each month

All Closed, Pays account as agreed


2 different trade lines:

NAVIENT
June 2015 - 90 day late

July 2015 to Dec 2015 - 120 day late for each month

All Closed, Pays account as agreed

 

What's the best way to attack these? Can I ask for early exclusion? Should I just wait to have them fall off? 

Thanks for your help!


I know it is tough to hear but you should just wait.

Generally, lates don't qualify for EE and you don't want to risk having such nice, old accounts being removed when in just a few months they become 100% positive and buffer your AAOA against new accounts. 


Thanks for your reply! Will all the lates fall off at once at 7 years (July 2022) or will each late fall each each month?

FICO 8 as of 1/16/2022:


Current Cards:


Goal Card:
Message 3 of 4
dragontears
Senior Contributor

Re: Late payment early exclusion?


@jayhawk05 wrote:

@dragontears wrote:

@jayhawk05 wrote:

Hi all,

 

I have the following late payments on my reports for student loans:


8 different trade lines:

DEPT OF ED/NAVIENT

July 2015 - 90 day late

Aug 2015 to Dec 2015 - 120 lates for each month

All Closed, Pays account as agreed


2 different trade lines:

NAVIENT
June 2015 - 90 day late

July 2015 to Dec 2015 - 120 day late for each month

All Closed, Pays account as agreed

 

What's the best way to attack these? Can I ask for early exclusion? Should I just wait to have them fall off? 

Thanks for your help!


I know it is tough to hear but you should just wait.

Generally, lates don't qualify for EE and you don't want to risk having such nice, old accounts being removed when in just a few months they become 100% positive and buffer your AAOA against new accounts. 


Thanks for your reply! Will all the lates fall off at once at 7 years (July 2022) or will each late fall each each month?


Depends on the CRA, 2 of them (EX and can never remember the other) drop strings of lates once the first one reaches the credit report exclusion age, the last one painfully removes them one at a time as they age.

Message 4 of 4
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