How long does it take for payment history turn to Good/Great?

[Anonymous]

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RobertEG wrote:

Late derogs drop off, as a matter of law, after 7 years plus six months from the derog date.  Just have a beer, and watch them disappear!

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The 7 years and six months time frame only applies to charge offs and collections.  Late payments must be removed after seven years.  There is no additional six months allowed for late payments.

[myfico5378]

I just looked through my EQ reports from 2005 forward.  My payment history didn't go from "Not Good" to "Good" until June of this year when my payment history showed my most recent late payment as 5 years and 9 months ago.  I don't know what "bucket" I'm in, but I have a BK that is that age as well and my oldest account is 11 years old with average age close to 5.5 years, I think.  My revolving debt is also very high (I don't know if that figures into my "bucket" or not). 

[Anonymous]

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@Anonymous wrote:

Little green boxes don't mean anything to FICO. If there are no lates associated with an account, it's assumed the payment history is "OK" since the time the account was opened, even if it's not marked with little green boxes.

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Thank you

[Anonymous]

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@rubaty wrote:

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@Anonymous wrote:

Does anyone know how long it takes for Length of Credit History to go from Very Good to Great? Ie. Is it 15 or 20 years?

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My history is 20 years and my average acct age is 5 years and I am in the Very Good.

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Thank you.

[Client9]

so what kinds of numbers constitues Bad to Not Good to Good to very Good to Great on the ScoreMeter thingee?

Just my guesses below?

350-600 Bad

601-660 Not Good

661 - 700 Good

701-760 Very Good

760+ Great?

Does this seem right?

[smallfry]

This is from Equifax Score Watch.


300-559 Bad

560-659 Not Good

660-724 Good

725-759 Very Good

760-850 Great

[Client9]

I wasnt too far off then

[GFer]

"...Just have a beer, and watch them disappear!..."

k.....But I'm gonna be really drunk for really long time....

[athensguy]

I am 11 length, 5 avg. No missed payments and "Great" payment history.