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Opinions

Svthhvn
Contributor

Opinions

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?

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7 REPLIES 7
donkort
Valued Contributor

Re: Opinions

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.

FICO 8: EQ 803; TU 814; EX 821 as of 4/5/2022
Message 2 of 8
SouthJamaica
Mega Contributor

Re: Opinions


@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.


Total revolving limits 689000 (587000 reporting) FICO 8: EQ 718 TU 721 EX 698

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Svthhvn
Contributor

Re: Opinions

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.

Message 4 of 8
Svthhvn
Contributor

Re: Opinions

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.

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donkort
Valued Contributor

Re: Opinions

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.

FICO 8: EQ 803; TU 814; EX 821 as of 4/5/2022
Message 6 of 8
Svthhvn
Contributor

Re: Opinions

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.

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donkort
Valued Contributor

Re: Opinions

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.

FICO 8: EQ 803; TU 814; EX 821 as of 4/5/2022
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