Later are approaching a year

[Anonymous]

I have a 90 day late that occurred in Septmeber 2014 and February 2014. I also have another 30 day late that occurred in September 2014. I read some where that once your lates are a year old that they have less of an impact on your credit scores. How many points would I gain once they become a year?

[Anonymous]

No one here can give you a definitive answer; not even an educated guess, even if you posted every single detail on your credit report. FICO scoring models are not open source. Only way to find out is to get your FICO score and let FICO calculate it for you.

I hope you get a 700 point bump. Good luck.

[Revelate]

Well I'll give a guess: probably minimal since the 90 day late is the elephant in the living room and is a serious deliquency.

Historical anecdotal information suggested that a 30 day late doesn't count after 2 years, but that 90 day late is going to count for probably at least 5... you may get some small increases as it ages like a handful of points but it's hard to pin that down as presumably you have positive tradelines racking up payment history as well.