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Hey guys!
Hope everyone is well. I'm just wondering...I will be having an account removed from my credit reports soon with a 15 month string of 60-89 day lates. The lates are from 2016-17. I will still have 1 account with 7 30 day lates showing(also 2016-17) What are the odds that I will see a score bump with all 60-89 day lates gone?
I feel like you might get at least a somewhat decent bump once those 60-89 lates are gone. 30-day lates individually tend to have less impact after a few years. I'm not sure about multiple 30-day lates, though.
@Svthhvn wrote:Hey guys!
Hope everyone is well. I'm just wondering...I will be having an account removed from my credit reports soon with a 15 month string of 60-89 day lates. The lates are from 2016-17. I will still have 1 account with 7 30 day lates showing(also 2016-17) What are the odds that I will see a score bump with all 60-89 day lates gone?
I have no personal experience with it, but I'm guessing you'll get some modest gains.
Just to update, experian updated today. Lost 5 points. I'm assuming because the entire trade line was deleted it dropped my Aaoa. 😠. Oh well only 1 negative trade line left.
Next update Fico 9 increased by 4. Waiting on a Transunion fico 8 update. Should be any day now. However it will include a significant decrease in utilization on several cards and overall.
I feel it's the 30-day lates that are reducing your increases. Probably because there's more than one.
I hope other accounts update soon, and give you more of an increase.
I agree. I'm working on good willing that now. Fingers crossed for success. Unfortunately it wasn't a straight string of lates. It was hit and miss over a period several months. So with natural aging it will be beginning of 2023 I believe before they are gone.
You have about 9 months to go before all those lates are erased.
Do you have ambitions towards getting new credit?
If not, 9 months tends to go by pretty fast.