FICO Scoring Risk Rate

[Revelate]

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Impact-of-90-day-late-dropping-off-repor...

THat's an old EQ FICO 5 datapoint but that's a pretty minor hit albeit don't know what the rest of the profile looked like from that.

I think it would be a tough time finding the other 90D late report I referenced, it was buried in a reply on some other topic and that's nearly impossible to search on in my experience.

[EW800]

Thanks for posting the link, Revelate.  I am finding the topic of impact of 60-day (as well as 90-day) lates that are toward end-of-life quite interesting.  I have sure learned that I was wrong in regard to whatever made me think that 60-day lates have zero impact in their last year or two of life.  Appears to be worth a good 30-35 points in my case.  

Thanks again,  

[Thomas_Thumb]

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@EW800 wrote:

Thanks for posting the link, Revelate.  I am finding the topic of impact of 60-day (as well as 90-day) lates that are toward end-of-life quite interesting.  I have sure learned that I was wrong in regard to whatever made me think that 60-day lates have zero impact in their last year or two of life.  Appears to be worth a good 30-35 points in my case.  

Thanks again,  

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@EW800

I think there is some confusion relating to impact of lates on score vs influence on scorecard assignment. A profile is typically able to graduate to a clean scorecard after 2 years with a 30 day. It might even be possible to get onto a clean scorecard at some point in time with a 60 day late on file. However, that does not mean the late (particularly a 60 day late) no longer impacts score.

I would say, a change to a "clean" scorecard generally means more upside potential on overall score.

ABCD presented some good data on this last year with some good charts. Check out the below link.

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/830-to-690-due-to-1-1-1-of-30-60-90/m-p/5096...

[Anonymous]

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@Revelatehttps://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Impact-of-90-day-late-dropping-off-repor...

THat's an old EQ FICO 5 datapoint but that's a pretty minor hit albeit don't know what the rest of the profile looked like from that.

I think it would be a tough time finding the other 90D late report I referenced, it was buried in a reply on some other topic and that's nearly impossible to search on in my experience.

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It looks that that person had low-mid 700's scores and didn't get to 780+ until his file was clean.  I agree it would be tough finding the thread you're talking about, but there must be some more recent or someone on here that's got a single 90 day late (or any major really) that can reference a high score to go along with it.  Again, the top I've seen is a 768 TU FICO 8.

[Anonymous]

Here is a recent thread about a 90-day late falling off. 745 to 830+.
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/90-Day-late-impact-after-80-months/m-p/5...
I'm in a similar situation but I have to wait 2 more years without a GW, then maybe I can get 800's!

[Anonymous]

No doubt a 90 day falling off can be good for a 85 point gain depending on profile.  The important data point though from your post is the 745 score, that is, the score before the 90 day late fell off.  I'm trying to find a reference of a > 768 score with the presence of a 90 day late or other similar major baddie.

[Revelate]

Before my 60D late on TU even with a recent 30D I still had pretty scorecard reason codes @Thomas_Thumb

I don't think the scorecard assignment is split on age in this case between the top 8 and the bottom 4, pretty certain it's based on simply certain things being present or not.

• Number of accounts with delinquency.
• Time since delinquency is too recent or unknown.
• Length of time accounts have been established.
• Length of time revolving accounts have been established.

That was brand new 30D when it landed on TU.  The highlight is basically where it's at re: pretty scorecard, may get additional confirmation when I finance the new car in a few months as I expect new account to make an appearance for a year and I'm nearly 100% confident that doesn't exist in any derogatory scorecard of any FICO model.

[Trudy]

BBB, on 4/16 a 90 was present for all 3 CRA.  On 5/8 just present for EQ and TU.  On 6/8 not present for any.  

Although not much greater than 768, EQ and EX was 771 with a 90 day present.  You can see the impact once it was removed.  No other major changes during this period. 

[Anonymous]

Trudy, thanks for the data point.  My new number here will now be 771 instead of 768 in terms of the highest I've seen.  I'm assuming that had to be your only negative item, correct?  How old was the 90 day late?  Can you provide any other profile data that may be useful in getting a snapshot of what factors you had going on?  What were your age of accounts factors, how thick is your file, etc?

One thing that strikes me as a bit odd is that your score only went up 39 points (771 --> 810) when your 90 day came off.  Typically we see closer to 70 points most of the time, give or take.  Was your 90 day very aged, perhaps falling off at the 7 year mark? 

[Trudy]

My 90 was 9/2011 which came off early (without a request for EQ & EX).  I also have two 30 days still present from 1/2012 and 12/2012 and one 60 day 2/2012.

AAoA = 12.5yrs

AoOA = 22 years

AoYA = 21 months on 6/8

7 credit cards

1 retail card

auto loan

mortgage

PLOC

2 inquiries for all except EQ, which had 1.  All dated 9/2016 with the exception of 1/2018 for EX.

75K with less than $200 reporting on each reports.

Never any collections, charge offs, etc.  Only late payments as derogs.