cancel
Showing results for 
Search instead for 
Did you mean: 

Achieved 800 FICO with 30-day late reporting

Frequent Contributor

Achieved 800 FICO with 30-day late reporting

I personally have not seen this before and I remember asking and searching about this as well. It's an interesting data point and I'm concerned it might be a fluke. Since I have not seen this posted before thought I'd post and see if this is common or not and what you think. 

 

Woke up to an Experian alert showing a 24pt increase reaching 800 after one 30 late from 2014 was removed. Still have a 30 day late from June 2016 which I thought was very odd to reach such a boost with a relatively recent 30 day late. Was not aware you could reach 800 with derogatories present? Simulator shows 830 within 3 months as well with the same late reporting. Since this late is being disputed could it be that EX artificially suppressed it from affecting my scores even thought it's still reporting?

 

EQ bumped 29pts from 770 to 799 when the same late was removed. Clean report now.

TU is showing 803 with a clear report now.

 

Messages Image(1216656340).png

 

 

My signature is only for inspiration.
  
  
Credit Repair Tracker: Don't get discouraged: 220pts gained to 800!


MYFICO Proud Garden Club Member: 

Message 1 of 17
16 REPLIES 16
Highlighted
Valued Contributor

Re: Achieved 800 FICO with 30-day late reporting

Your 30-day late is 4 years old; it probably has lost much of its "punch."

 

I have a 30-day late from TransUnion which is 7 years old.  It was 800 a month ago; now, it's 799.  And with a new car lease on file.  I sense that it lost most of its "punch" after two years.

 

It would be different if it was a 60-day late and beyond.

 

I should update my scores:  EQ: 801; TU: 799; EX: 798

FICO 8: EQ 800; EX 797; TU 793
Message 2 of 17
Highlighted
Established Contributor

Re: Achieved 800 FICO with 30-day late reporting

Can't speak from experience but it has been noted on several other posts that dispute items are not considered while under dispute which has subsequently increased some scores at times until resolved.  

 

In regard to point gain for removal of a 30 day, here's a post for a removal of a lone 30 day 6+years aged.  Big gain (a bit of an outlier it seems) and goes on to discuss the possible score gain range as a result of a 30 day removal and the impact a 30 day could have for the full 7 years.

 

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Unexpected-50-pt-increase-with-Trans-Uni...

 

EDIT: I've reached 800 on each bureau with a 30D on my report.

 

FICO - 8: 11/19/20 AU 8 BC 8
FICO - 9: 11/19/20 AU 9 BC 9
F5,F4,F2 11/19/20 AU... BC...
Vantage 11/19/20
As of 11/19/20:
AoOA - 24Y8M | AoYA – 0Y0M | AAoA – 11Y6M
Open: 11 CC: (1 reporting 3.53% : 0.74% AGG UTL) | 1 PLOC | 1 MTG loan: 73.16% UTL
Closed: 1 MTG loan | 2 Auto loans | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 1/24 | (EX) 1/24
Message 3 of 17
Highlighted
Established Contributor

Re: Achieved 800 FICO with 30-day late reporting

I had a 30 day late from August 2013 that wasn't reporting on TU, but was on EX and EQ. My EX and EQ FICO 8 scores were about 780, TU was about 810. The late dropped off EX and EQ a couple of months ago and scores went up about 30 points to be similar to TU.

Scores: Spt 20: EX FICO8 831, TU FICO8 828, EQ FICO8 823
AoOA: closed: 36 years, open: 25 years; AAoA: 11.8 years
Amex Gold, Amex Green, Amex Blue, Amex ED, Amex Delta Gold, Amex Hilton Surpass, BoA Platinum Plus, Chase Slate, Chase Amazon, Chase CSP, Citi AA Plat, Sync Lowes, Sync JC Penney - total CL 145k
Loans: Prosper (20k/3yrs 7.14%), Lending Club (10k/3yrs 5.89%), Chase car loan (35k/6yrs 0.9%)
Message 4 of 17
Highlighted
Super Contributor

Re: Achieved 800 FICO with 30-day late reporting

OP, it's definitely profile specific.  On a thick/aged file a lone 30 day that's half way aged off is going to be a lot less meaningful than if it were present on a thin/young file.  I see no reason that an 800 score wouldn't be possible if everything else was in check.

 

I had a 3-4 year old 90 day present on my report and due to a thick/aged file was able to grab near 770 on TU.

Message 5 of 17
Highlighted
Frequent Contributor

Re: Achieved 800 FICO with 30-day late reporting

Seems like we are all saying similar things, but I'll add my voice to the chorus.

 

I'm on the thick/aged scorecard with new accounts and a single 30d from 2+ years ago. All scores are around 765. First (i.e. largest) negative reason code everywhere is the delinquency. I have cards with individual Util of 50% and 40%, so those are probably costing me around 15 points. When I did some credit seeking within the past year, I lost about 20 points. Seems totally plausible that the 30d is costing me the ~30 points that @FlaDude posits, and that I'll be right around 800 when my Util is optimized and my credit seeking is unscorable. 


Message 6 of 17
Highlighted
Regular Contributor

Re: Achieved 800 FICO with 30-day late reporting

Congrats on the 800 club!


 

FICO 8
1/2020 EQ714 TU736 EX719
2/2020 EQ718 TU744 EX736
5/2020 EQ723 TU741 EX730
7/2020 EQ725 TU750 EX755
8/2020 EQ725 TU746 EX744
9/2020 EX718 EQ715 TU722
Cards:
NFCU Visa Sig Cash Rewards $28k cl
Amex Gold
Amex HH Aspire $40k cl
Synchrony Bank -Bowflex $7500 cl
BoA Visa Cash Rewards $24k cl
Message 7 of 17
Highlighted
Frequent Contributor

Re: Achieved 800 FICO with 30-day late reporting

Thanks for all the responses. I didn't think it was possible. Wonder now what it`ll be without that 30-day late.

My signature is only for inspiration.
  
  
Credit Repair Tracker: Don't get discouraged: 220pts gained to 800!


MYFICO Proud Garden Club Member: 

Message 8 of 17
Highlighted
Super Contributor

Re: Achieved 800 FICO with 30-day late reporting

Yes congratulations and score 8 imposes additional penalties when it’s not an isolated 30 day late, so by having only one that reduced an additional penalty.

Congratulations for sure!
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 9 of 17
Highlighted
Senior Contributor

Re: Achieved 800 FICO with 30-day late reporting


@Boisvert wrote:

I personally have not seen this before and I remember asking and searching about this as well. It's an interesting data point and I'm concerned it might be a fluke. Since I have not seen this posted before thought I'd post and see if this is common or not and what you think. 

 

Woke up to an Experian alert showing a 24pt increase reaching 800 after one 30 late from 2014 was removed. Still have a 30 day late from June 2016 which I thought was very odd to reach such a boost with a relatively recent 30 day late. Was not aware you could reach 800 with derogatories present? Simulator shows 830 within 3 months as well with the same late reporting. Since this late is being disputed could it be that EX artificially suppressed it from affecting my scores even thought it's still reporting?

 

EQ bumped 29pts from 770 to 799 when the same late was removed. Clean report now.

TU is showing 803 with a clear report now.

 


Items in dispute are not used by the Fico algorithms in scoring. An aged 30 day late will continue to impact score negatively, if being considered. The aged penalty is nominally 25 to 30 points, assuming one or two isolated lates. By my estimate, a Fico 8 score of 820 should be achievable with a 30 day late given the file is otherwise near optimal.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 10 of 17
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.