Achieved 800 FICO with 30-day late reporting

[Anonymous]

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.

[donkort]

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

[Trudy]

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.

[FlaDude]

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.

[Anonymous]

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.

[Curious_George2]

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. 

[Anonymous]

Congrats on the 800 club!

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[Anonymous]

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

[Anonymous]

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!

[Thomas_Thumb]

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@Anonymous 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.

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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.