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Late Excel Spreadsheet

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Established Contributor

Late Excel Spreadsheet

I have seen at least 1 poster qualify that he has this tool. I've seen it via google search but the link is broken for the XLS download. Does anyone have this? I'm trying to understand my past lates and what might be happening to my score now and what I can expect in the future as they continue to age. 

 

I would kindly appreciate any assistance. Thank you in advance! 

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575

Updated 12/2018


9 REPLIES 9
Frequent Contributor

Re: Late Excel Spreadsheet

Following, I'd like to see this tool you speak of. I have read on the forums that the lates stay on for 7 years, but have less of an impact at 4 years. Don't quote me 100% on the 4 years, but the 7 years is unforgetable 

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Message 2 of 10
Super Contributor

Re: Late Excel Spreadsheet

I'm not sure of an excel spreadsheet here, but I've seen a graph that plots the proposed lessening impact of different severity late payments (30, 60, 90, 120) over time.  I believe that member ABCD created the graph, so you could always PM him for it.  Outside of that, I'm not sure of any other tool.

 

Keep in mind that such a chart really only works for 1 late payment.  Once you are talking multiple late payments, diminishing returns often prevents much else from happening to a score.  All that really matters is what your worst severity late is and how long ago that occurred.

 

For example, two people may have otherwise identical profiles outside of their payment history.  Both have a 90 day late payment that's 6 months old.  For one of these individuals, that's his only late payment.  The other in addition to that single major negative has 5-6 other minor 30-day late payments from 4-6 years ago.  These two individuals may very well possess nearly identical FICO scores, because the algorithm would be considering their most recent and most severe negative item most considerably, which would be the same for both.

Message 3 of 10
Established Contributor

Re: Late Excel Spreadsheet

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575

Updated 12/2018


Message 4 of 10
Senior Contributor

Re: Late Excel Spreadsheet

His graphs appear to be derived from an Excel spreadsheet. Not sure if I saw all the raw data in a table. Either way, a table pasted into a post no longer retains formulas or formatting so it won't retain Excel properties.

 

As mentioned above, contact ABCD. Perhaps he is willing to email you the file.

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 5 of 10
Established Contributor

Re: Late Excel Spreadsheet

He actually states he has something specifically for multiple lates. 

 

ABCD2199 Spreadsheet.PNG

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575

Updated 12/2018


Message 6 of 10
Super Contributor

Re: Late Excel Spreadsheet

Under many circumstances, the difference between multiple lates and just one late isn't going to be significant.

 

Your worst severity delinquency/derog is what matters most and when (how long ago) it happened.  Everything else gets quickly diluted with diminishing returns.  See my example in the last paragraph of Post 3.

Message 7 of 10
Established Contributor

Re: Late Excel Spreadsheet

Found another cool speadsheet ABCD has done but I don't think it shows lates....if anyone is interested. I downloaded it and it's very cool 

 

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Score-Spreadsheets/td-p/4962577

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575

Updated 12/2018


Message 8 of 10
Established Contributor

Re: Late Excel Spreadsheet

I hear you BBS. But I'm an analytical kind of guy and if there is any point lost I'd like to know why and analyze it. I just designed a FICO type scoring system for my companies KPI. Its pretty sweet! 

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575

Updated 12/2018


Message 9 of 10
Super Contributor

Re: Late Excel Spreadsheet

I understand that, I just don't believe that a spreadsheet is going to accomplish what you're thinking/hoping it may when it comes to late payments.  Can't hurt to try though I suppose.

Message 10 of 10
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