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

[marty56]

It was over 11 years.  No new credit or INQs

[EW800]

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@Anonymous wrote:

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@EW800

How I went about it is trying to make pretty much everything else other than the two major baddies perfect.  Obviously everything else paid on time and I kept revolving utilization at almost nothing, allowing only one account to show a balance of about $20, with all others showing $0.  

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How do you age of accounts factors look?

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My AAoA is 14 years.  I am guessing that may have helped my score recovery a bit?

[kuku4koco]

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@FirstAscent wrote:

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?? 

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Yes and Yes.... Decent scores (finally again)... I also have 120 day lates multiplied by 4 with Nelnet, since 2015.  AND an 8 yr. old BK...  Low 700's, but a heck of a lot better than where I started before I came to MyFico 3 years ago...   You should be fine, keep everything else perfect, pay on time from here on out... time is on your side.  Also, your AAoA is better than mine... Keep grinding!!  Let me know if you have any luck with goodwills to Nelnet 

[Anonymous]

Just to add in to the original question, my Fico 8 is 704, with a dirty profile.
I'll add my stats below for the sake of sharing and answering your question
On a side note, FAKO scores show 730 across the bored..in case anyone was wondering about the difference from a real fico 8 with a dirty profile and a vantage 3.0 type one.

1 collection: 6 years old. Open. unpaid
Multiple lates
1 card with two 60 and 1 30 day late (last late payment 20 months ago)
1 card with 10 lates. Most was a 120 day where the company closed the card. I then paid off the balance after it was closed; Last late payment 15 months ago.
190 day late on a student loan.  4 years ago. For what its worth the balance to loan ratio is high even tho its an old account.Apparently forebarance just racks up the debt..i was under the impression it just postponed everything. Live and learn.About 5700 / 6000 original balance

1 Open auto loan. 8 months old. No lates. High balance to loan ratio.  20000 / 21500 original balance. Im adding the balances since it shows up as a negative on my report and may help from a stat standpoint.

Aaoa 6 years
Newest account 8 months old (auto loan)
Utilization 11%, fico was 708 when I was under 10. Will confirm next statement report date, as I just happened to catch a large purchase to pump up my utilization recently.

Oldest open credit card 11 years.

So yes its possible to get over 700 (barely) When my collection falls off I imagine I'll get a small boost. Then hopefully that combined with my most recent derog being over 2 years I'm taking a wild guess I'll hit the 720 mark. We'll see.</P>

Random side notes:
When my score was in the high 590s - low 600s, I was approved for a chase freedom at $4,000 SL. go figure.
Felt good because of that app and accepted a preapproval for a Citi Double Cash. Only got $800SL.

Haven't opened a credit card since those 2...been just over 1 year

Hope this helps

[Anonymous]

I have 350k in charge offs and I am in 720s. Of course that isn't recent but I have plenty of 90 day lates on the report.

[Anonymous]

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@EW800

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My AAoA is 14 years.  I am guessing that may have helped my score recovery a bit?

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That's extremely high for AAoA.  How old is your oldest account?  I'd think 20-25 years+ with that type of AAoA!