LO told me 20 points per 30 days in the first year... - myFICO® Forums

thankfulheart · ‎10-19-2011

I had a chat with a LO at my CU this week and she told me that each 30 day late in the last 12 months is costing me 20 points apiece. Truth or guess?

Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)

GregB · ‎10-19-2011

Guess, and a very, very poor one. Might be time to find a better LO.

cdtotten · ‎10-20-2011

Absolutely no way to know - it depends on a lot more than just the late. Someone with an 800 credit score that is 30 days late may lose 60 points, while someone who has a 620 may lose 20. All depends on the file.

Starting Score: 627 EQ, 621 TU - 11/15/08
Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
Goal Score: 800 EQ & TU

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MarineVietVet · ‎10-20-2011

I agree with all that has been said. There are just too many variables for anyone to make an accurate prediction about this.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

LO told me 20 points per 30 days in the first year?

LO told me 20 points per 30 days in the first year?

Re: LO told me 20 points per 30 days in the first year?

Re: LO told me 20 points per 30 days in the first year?

Re: LO told me 20 points per 30 days in the first year?

LO told me 20 points per 30 days in the first year?

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LO told me 20 points per 30 days in the first year?

Re: LO told me 20 points per 30 days in the first year?

Re: LO told me 20 points per 30 days in the first year?

Re: LO told me 20 points per 30 days in the first year?

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