@JBJBJB1 wrote:Indeed, your late payment should only report up to 7 years and 6 months from the last 30 day late payment. if it is still reporting you should challenge it.
My home depot card reported chargeoffs for like 4 years after I had already paid it off - JERKS.
Your 1% on one credit card is likely too low. Try, say 6% and see if it goes up a bit (on one of your lower balance cards).
One 60 day late won't kill you, but if there are other late payments reported it compounds it. It will impede you from going to the "next level" 740+ for a bit. But low 700's is doable sooner.
Also, note that, if your FICO score is 686, if you wait a year and make payments on time, you will likely hit the low 700's anyway - so maybe you should just wait it out. 686 isn't "bad", it is average or slighly above average. You are doing just fine!
I think you should get a one month perscription to My FICO and look at your credit score an profile there.
When I finally decided to be a grown up and pay attention to my credit, joining My FICO was by far the most instructive.
CK is nonsense.
I agree with the above person in that you should not open any more credit cards
. THE BEST GOOD CREDIT RECIPE IS TIME!
+1 to the above. In fact, having read the above, I think I've figured out why my TU is consistently some 20-30 points lower than my EQ and EX on FICO; it's due to the lates that I incurred in 2014 around the time of my BK (which in and of itself is the single biggest factor holding my scores down). The impacts lessen over time as they age and you rebuild your history with 100% on-time payments, but they won't go away completely until the 7-year period has elapsed (for me, 2021).