@gdale6 wrote:What you are most likely referring to on the 2 year is the belief that a 30 day late will not affect Fico past 2 years.
Which is totally wrong but I digress.
Well actually to be specific: a 30D late is a scorecard segmentation device, and that counts the entire time that it's on there... if it's there the reason code shows up, and you are in the minor deliquency scorecard. We don't know what the maximum score is on this scorecard but it probably isn't an 850... I know it's higher than we think but I'd be stunned and amazed if it went above 820-830.
And for 60D, which there was that other urban myth that they no longer counted after 5 years, likewise just bad mythology: serious deliquency / derogary scorecard all 7 years.
@Revelate wrote:
@gdale6 wrote:What you are most likely referring to on the 2 year is the belief that a 30 day late will not affect Fico past 2 years.
Which is totally wrong but I digress.
Well actually to be specific: a 30D late is a scorecard segmentation device, and that counts the entire time that it's on there... if it's there the reason code shows up, and you are in the minor deliquency scorecard. We don't know what the maximum score is on this scorecard but it probably isn't an 850... I know it's higher than we think but I'd be stunned and amazed if it went above 820-830.
And for 60D, which there was that other urban myth that they no longer counted after 5 years, likewise just bad mythology: serious deliquency / derogary scorecard all 7 years.
Really, had no idea on that 30 D, I did know that 60s can affect all 7 years they are there and 90+ definitely do. That 30 day info is still being broadly broadcast in RYC. Will have to counter that now when I see it. Thx.
@gdale6 wrote:
@Revelate wrote:
@gdale6 wrote:What you are most likely referring to on the 2 year is the belief that a 30 day late will not affect Fico past 2 years.
Which is totally wrong but I digress.
Well actually to be specific: a 30D late is a scorecard segmentation device, and that counts the entire time that it's on there... if it's there the reason code shows up, and you are in the minor deliquency scorecard. We don't know what the maximum score is on this scorecard but it probably isn't an 850... I know it's higher than we think but I'd be stunned and amazed if it went above 820-830.
And for 60D, which there was that other urban myth that they no longer counted after 5 years, likewise just bad mythology: serious deliquency / derogary scorecard all 7 years.
Really, had no idea on that 30 D, I did know that 60s can affect all 7 years they are there and 90+ definitely do. That 30 day info is still being broadly broadcast in RYC. Will have to counter that now when I see it. Thx.
You should hang out here more often bud!
Either that or I should've been hanging out in RYC a lot more haha.
