Straight to it: I have a late payment from 2021 COVID-19; payment was missed with the creditor named Grain, Oct, and Nov made 60 days; total misunderstanding, but of course, the creditor won't buy it. The late payment is now two years and nine months old. Problem: My credit report from Experian, dated August 18th, said 678, and these were the factors. Please take a look at screenshot 1. Now, this is where I'm confused. I bought a copy of my Experian report to see if any accounts or anything has been reported. This is the report from today, September 1st—take a look at screenshot two. My score is down 15 points. Keeping in mind that all previous reports never had that reason code as it fell off a good while back, I also no longer see it when applying for credit... and no balances have yet been reported for the month. Someone Mentioned that this could appear due to spike in utilization. there are no other late payment accounts or any baddies besides the one mentioned. Screen Shot 1: https://postimg.cc/SjzW6wr9 ( Report from 18th of Aug ) Screen Shot 2: https://postimg.cc/vxcgm6Zk ( Report from Sept. 1st )
Take reason codes with a grain of salt. Dont put much into it. If it was a single 30 day late. After 2 yrs it isnt doing much of a ding any longer.
I think that page only shows a maximum of 6 "factors," starting with the positives, so you will see the negatives displayed shuffle around if you have a bunch of minor ones.
