Request Granted to remove my two 90 day lates, will it change my scores?

[Bogey1975]

I was chatting with a rep yesterday about my student loan account, for a completely different issue other than my lates. I decided to ask if there is anything I can do about them, and she told me if I was in school at that time they would remove them. So I sent my transcripts and in 7 to 10 days they will remove them. These two lates were from June of 2014 so not sure if they have already aged out. Do you guys think it will raise my scores any? I'm really trying to get my mortgage scores to a 700 middle score. Currently they are art 676, 687, 707. In the last month I have also gone from 70% UT to 8%, and have all but two cards with a balance down from about 6 with balances The two with balances are at 21% and 27%. With these 90 day lates removed i have one other 30 day in 2016.

[AndySoCal]

Your credit utilization decrease will help your scores. I am not sure if the removing of the two lates in 2014 will help or not.  I say that due the late in 2016 is more recent and might carry more impact than the ones in 2014.

[Anonymous]

If the only negative information on your credit report currently is two 90D lates from 2014 and one 30D late from 2016, you should see a score increase with the removal of the pair of 90Ds.  Those are major delinquencies that carry about 2/3 of their sting until they're gone, so my guess is that they were still impacting your scores some 60 points. 

Now, that doesn't mean your scores will improve ~60 points.  That 30D you have that's > 2 years old is likely still impacting your score around 1/3 of it's original amount, which I'd guess is 30-35 points.  Taking the difference between the two, I would say it's possible that your scores may increase 25-30 points once the account with the 90Ds reports clean. 

With only that one 30D late payment left on your report, you may stand a decent chance of getting it removed if you hammer the lender with GW letters.  The final removal of that lone negative item would then grab you the remaining (say) 30-35 points taking your file clean.

[Phana24]

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@Bogey1975 wrote:

I was chatting with a rep yesterday about my student loan account, for a completely different issue other than my lates. I decided to ask if there is anything I can do about them, and she told me if I was in school at that time they would remove them. So I sent my transcripts and in 7 to 10 days they will remove them. These two lates were from June of 2014 so not sure if they have already aged out. Do you guys think it will raise my scores any? I'm really trying to get my mortgage scores to a 700 middle score. Currently they are art 676, 687, 707. In the last month I have also gone from 70% UT to 8%, and have all but two cards with a balance down from about 6 with balances The two with balances are at 21% and 27%. With these 90 day lates removed i have one other 30 day in 2016.

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I think Brutal's insight on the late payments are spot on, although possibly a tad optimistic with respect to the amount of increase.  The other item you can do for a score boost is to get your UTs under 6% on the cards, and ideally, only have one showing a balance.  You can probably wring another 6-10 pts there.  One thing I found that helped is to get your statement dates spread out as much as possible over the different cards.  That gives you more flexibility for items that have to be charged.  

[Anonymous]

My point guesses are just based off of knowing the very limited data the OP provided.  Depending on his actual scorecard assignment/profile the impact of delinquency removal could impact it more or less.