30 day late payment on mortgage from August 2008

[Boonie]

My credit reports indicates it is having an affect on my current score.   I want to know if my credit score will likely go up next month? 

[MarineVietVet]

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@Boonie wrote:

My credit reports indicates it is having an affect on my current score.   I want to know if my credit score will likely go up next month? 

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I'm not sure what you are asking. Do you mean will the late payment passing the 2 year mark help your score at all?

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

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[Boonie]

Yeah, is the 2 year mark on this late payment a threshold to improving my score?

[MarineVietVet]

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@Boonie wrote:

Yeah, is the 2 year mark on this late payment a threshold to improving my score?

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Sorry if I didn't understand the first time. 

Some people have noticed that a single 30 day late starts to hurt less and less after about two years or so but alot depends on what is still on your reports. If there are no other derogatories, your payment history has been spotless, your utilization is very low then I would expect an improvement but how much IMO is impossible to predict.

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score