30D and 60D lates

[EW800]

Jatt,  

I am not sure if this will be much help, but I will throw it out there just in case.  I am nearing the end of a long rebuild.  My Experian FICO Score 8 is 850, a perfectly clean file.  My TU report is identical, other than it has one 30-day late and one 60-day late from an account that should be turning positive over the next two months.  My TU FICO Score 8 is 814.  I believe we have pretty much determined that 30-day lates have almost no impact after 6-7 years, so if that is the case, it means that the 60-day late is hurting my score by about 36 points.  This is assuming that my TU score would otherwise be 850, as my Experian score is.  I won't know that for sure until the 30 and 60 turn positive.  

Just in case anyone notices the large gap with my Equifax score (currnetly 784), I have one account that was a credit card settlement that for some reason showed differently on my EQ report than the other two.  It shows "Pays as Agreed", with the history turning positive one month at a time.  Everything has turned positsive except one 120-late on one month that will turn positsive in just over a week (February 1).  The account has completely fallen off of TU and Exp, but on EQ it is slowly turning to a positive account.  I suspect that the EQ 784 score will then go somewhere near 850, such as my Experian score.  

[EW800]

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@Trudy wrote:

I was under the impression that both, but especially a 30D had little no to impact after a couple of years.  It was clear I was wrong when I received a 50 point increase when my last derog, a 30D from 12/2012 was removed from my TU report, 6 yrs old.  Although I didn't request an EE it seems I was given one.  I was so surprised by such an increase from the removal of a single 30D that I had to inquire here to see if that was even possible or should I be looking for some other change (there was none).  You may find some useful information from that thread.

'Unexpected 50 pt increase with Trans Union'

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Hi Trudy, 

You got my attention on this one!  To confirm, one single 30-day late that was 6 years old gave you a 50 point boost when it fell off?  Not sure that I have heard of a very old single 30-day late having that kind of an impact!

[Anonymous]

30’s and 60’s are considered minor derog’s and the blow lessens as time passes. Many on this board believe 4 years is a bench mark. 90 and above are considered major derog’s and the full blow lasts the full 7 years. So 30 and 60 is absolutely not as detrimental as the latter and it’s not even close.

[Trudy]

EW800, Yep, I was shocked too and had to inquire with the experts hear.  A lot of what's being said in this thread is what I thought....until that 50 pt increase occured.  Search for the topic I mention.  Not sure how to add a link to that thread.  Thomas_Thumb chimed in and provided one of ABCD's graphs.  Although 50 pts seems like an outlier the graph seems to indicate a 60D and even a single 30D still has some weight, even at 6 years.  I received my 3B report a few days later and it was confirmed.  Didn't cross any UTL or age thresholds.