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Why did FICO choose 7 years for negative information to remain?????

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RobertEG
Legendary Contributor

Re: Why did FICO choose 7 years for negative information to remain?????

Indications, both from statements by Fair Isaac and anecdotal experiences posted here on the site, are that 30-lates lose most of their negative scoring impact after approx. two years.  It is usually the major derogs that have a slow decline in impact over time.

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