Hello!
You may have seen me around, I started my rebuild journey on here about a week ago. I started on my journey on my own Oct 31st when my VA claim processed and started recieving 100% disability. I've already had a massive jump from 539 average to 622 just from paying down debt. However, I still have a way to go and the credit game still confuses my wife and me more often than not. 
When looking at my mortgage scores, my negative factors include:
- You have a serious delinquency (60 days past due or greater) or derogatory indicator on your credit report.
- You recently missed a payment or had a derogatory indicator reported on your credit report.
- You have one or more accounts showing missed payments or derogatory indicators.
- You have a short credit history.
Question:
When it comes to the recent missed payment one - how far out until it's not recent anymore? I know missed payments stay on for 7 years, but what is a "recent" missed payment? 12 months, 18 months, 2 years?
The payments it's referring to is the credit card that I got caught up on in early Nov 18 as soon as my VA payments deposits and I don't plan on ever missing anymore.
A 60+ day delinquency will most likely remain a significant factor for the full 7 years. It might be less influential for FICO series 9 scores after some period (3-5 years?), but I would be surprised if it dissapeared as a reason code. They need to list something, and that one would be a significant indicator to most potential lenders. It could be worse -- a 60 day late on its own won't hold you back from prime ratings.
The 60D deliquency will factor for as long as it's on the report.
The recent deliquency reason code specifically, not certain. I unfortunately lost a bunch of my old reports so I can't really give you a great answer. Trying to pare it down:
8 months: recent on both FICO 8 and FICO 04 on both 30D and 60D lates.
26 months: not recent on both FICO 8 and FICO 04 (30D late).
I guess I'll see from my own 4/18 30D on EQ and 60D on TU (probably should've been a 60D on both but anyway), I expect some boost once it goes away. My guess is it will either be at the 1 or 2 year mark.
