Is it possible to get above a 700 with multiple 90 and 120-day lates?

[FirstAscent]

I'm only a couple months in to my rebuild, and seeing good gains, but I'm wondering if it's possible to get above a 700 with multiple 90 and 120 lates?

I realize there are a ton of other factors, but can anyone speak first hand of having a decent score with some 90 and 120 day lates? I have one each from an auto loan back in May/June 2016, but then have a few more that show up on a student loan EACH year from 2013 through the beginning of 2017. Unfortunately my student loan is actually 4 loans (1 payment) so those lates are multiplied by 4.

I have multiple 30 days lates as well but nothing within the last two years.

I'd imagine I'm getting close to maxing out my score until these 90 and 120 lates get a couple years older?? 

[LXRM36]

I had multiple 90-120 day late dings on my credit profile 9-15 years ago. I had no way to track my score at that time, but I can tell you that all of that is gone now, and I’m above 700 in most forms of scoring. Without accurate dispute, I’m not sure there is a healing elixir other than time. However, I will also say I’m new to this forum, and there are MANY people more knowledgeable than I. Hopefully they will weigh in.

Best of luck!

[FirstAscent]

Thanks for your input. yeah I know that after 7 years they will drop off and have zero effect, and that over time up until 7 years there will be less and less effect. I'm wondering if someone else has some major lates say...1-3 years old but has a strong enough profile to still have a decent score above 700's. 

[Ardecko]

Yes, it is. See this post: http://ficoforums.myfico.com/t5/Credit-Card-Approvals/In-with-AMEX-and-back-in-with-Chase/m-p/513127...

My scores dipped with adding the three new accounts and inquiries, but this month I'm back to 714 with most of those lates (all of the really bad ones) still in my reports.

We think that the 120s(and probably the 90s) put us on a "dirty" scorecard. Search here for scorecard threads, but this one is thought to top out between 730 and 760. My lates aren't going anywhere any time soon, so I'll be keeping an eye on that data point.

[Anonymous]

It was possible for me very quickly, and I don't think I am at my cap yet. Scores are in my signature, but I am 710+ Fico8 on all 3 now. I defaulted on my student loan so total 9 90+day lates. This was in 2016, so latest is not over 2 years yet.

I did go through rehab, but that didn't remove the 90 day lates from EX and TU. On EQ they removed the 90 day lates but left derog comment of being 90+ days late.

There might be some different calculation for student loans lates vs other types. That is something I have always wondered.

[Anonymous]

---

I'm only a couple months in to my rebuild, and seeing good gains, but I'm wondering if it's possible to get above a 700 with multiple 90 and 120 lates?

---

Certainly.

My scores were EX 751, TU 768, EQ 752 on my dirty file.  One of my accounts had a 90 day late and another account a 120 day late.  The late payments were around 3 and 4 years old at the time.

Having a thick/aged file though is very important here.  My AoOA was 15 years and my AAoA was 6 years at the time while having over 20 accounts (open and closed) on my CR.  That is also with aggregate utilization at 1% (ideal) and a significantly paid down installment loan in place.  Essentially my profile was in an ideal place outside of the dirty accounts, with the only slight opportunity probably being a bit more on AoOA and AAoA.

[HeavenOhio]

---

@LXRM36 wrote:
Without accurate dispute, I’m not sure there is a healing elixir other than time. However, I will also say I’m new to this forum, and there are MANY people more knowledgeable than I. Hopefully they will weigh in.

---

I wanted to highlight this just to ensure that people don't dispute things that aren't inaccurate. We've seen that happen, and it often doesn't end well. The elixir for accurate information is goodwill. And time, of course.

LXRM36 has it right. But it's worth saying more than one way.

[Anonymous]

Yes, it possible.  For several years I stopped paying my local utility during the winter heating period not realizing they were reporting monthly to TU and EX.  It wasn't until I discovered these forums and started checking my credit reports that I realized how many 90 and 120 day lates were on my reports because of this.  Yet my scores are all now in the 700s (see my signature) and my last 90-day late is just one year old.  These late payments account for the difference between my EQ score (where the lates were not reported) and my EX and TU scores.

[Anonymous]

M&B, is your file thick/aged as mine was? Also was your utilization in a good place?

[Anonymous]

Yes, my credit history dates back to 1986 but for roughly 10 years I didn't use any credit which caused most of my cards to be closed by their issuers.  My AoOA is 12 years but now that I've opened several accounts in the last 9 months my AAoA is a bit under 3 years which I suppose I'm being penalized for.  My utilization is normally between 1-2%; I try to adhere to AZEO and for the brief periods it exceeds 2% on my tracking spreadsheet I start freaking out 

I've tried goodwill letters to get the late payments removed from my TU and EX reports but the utility wouldn't budge.  The last time I asked they sent me a credit reference letter in response.  Now that my last 90-day late is a year old I'll try another goodwill letter soon.

---

@Anonymous wrote:
M&B, is your file thick/aged as mine was? Also was your utilization in a good place?

---