Earlier this week we got the last derogatory off my wife's report. It was a revolving line of credit with HFC which reported five 30 day lates from 1997 to 2001. They actually updated it to paid/never late. We were expecting some kind of score increase - Experian Credit Manager 711 ->711 Does this mean they let you have one late account for free now? Neil
I believe FICO only factors lates from the past 2 years, so lates from 2001 (provided they weren't from NOV/DEC) wouldn't factor into the score.
No, but if that same derog gets put back on, expect a 30 point DROP in your FICO. FICO = "F*cking Innocent Consumers Often"
