1 year and 2 year influence of 30 and 60 day late's

[Anonymous]

Considering all else is equal, what, if any, score boost can you expect when:

• a 30 day late hits the 1 year and 2 year mark?

• a 60 day late hits the 1 year and 2 year mark?

• a 90 day late hits the 1 year and 2 year mark?

Thanks in advance for replies

[MarineVietVet]

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@Anonymous wrote:

Considering all else is equal, what, if any, score boost can you expect when:

• a 30 day late hits the 1 year and 2 year mark?

• a 60 day late hits the 1 year and 2 year mark?

• a 90 day late hits the 1 year and 2 year mark?

Thanks in advance for replies

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Hello and welcome. This is just my opinion about scoring and what I've picked up here from reading other posts. You'll probably get more than several opinions about this because it's not an exact science by any means.

• a 30 day late hits the 1 year (Loses a lot of impact ) and 2 year mark? (Many people report very little if any impact at 2 years)

• a 60 day late hits the 1 year (Still hurts alot) and 2 year mark? (Same as a 30 day late)

• a 90 day late hits the 1 year and 2 year mark? (Still considered a major negative even after 2 years)

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[Anonymous]

Thanks, does the MyFico scoring simulator factor that in?  Anyone know?

[MarineVietVet]

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@Anonymous wrote:

Thanks, does the MyFico scoring simulator factor that in?  Anyone know?

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Sorry I can't answer that. I've never used the simulator.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[cascade159]

The simulator has a feature that basically says here's your score if you pay your bills on time for XXX months - 1, 3, 6, 12, 24. For me it doesn't show any impact until 12 or 24 months and then it's like 10 pts. I haven't used the sim long enough to know your answer. My last 30 day late was in September 2009 so I hope to know more by next month.

[haulingthescoreup]

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@cascade159 wrote:

The simulator has a feature that basically says here's your score if you pay your bills on time for XXX months - 1, 3, 6, 12, 24. For me it doesn't show any impact until 12 or 24 months and then it's like 10 pts. I haven't used the sim long enough to know your answer. My last 30 day late was in September 2009 so I hope to know more by next month.

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That would make sense. 30-days basically don't count after 2 years, and after another 12 months, it will hit 2 years.

You might see something next month, when the late is one year old, but the real hop should be at two years.

[morganirish]

what about,

30 days late 3 times? 

[MarineVietVet]

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@morganirish wrote:

what about,

30 days late 3 times? 

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When did they occur?

[morganirish]

May 2007

Sep 2007

Dec. 2007

[haulingthescoreup]

If they're all on one report, they won't hurt as much as if they were on 2 or three different accounts.

Although maybe the 30's-don't-count-after-2-years bit is slightly modified if you had multiple lates on one account. Or it's a different factor, but a weaker one.

At any rate, it's better to mess up just one account than multiple, even if the total number of delinquencies are the same.