How long in general do lates have a major affect on your score? I have 5 accounts with lates, but all the lates are at least 2 years old (ranging from 30-90 days). I also have 11 accounts with clean histories (including my oldest CLs)
I'd be interested to know as well. This is what I have on my reports - EQ - Discover Card 30 days late - 10/96 12/96 Wells Fargo 30 days late - 11/96 EX - Discover Card 30 days late - 11/96 1/97 TU - Discover Card 30 days late - 2 times (no dates listed) Those are the ONLY bad things on ANY of my reports!! The CRA's still show one of my factors for low scores is because of late pays! All of my other CL's are NEVER late! What the heck? I wish I could get these lates off my reports! mysti_summer
I'd be willing to bet that the unknown lates that are holding your scores down. If the date is unknown, the scoring model treats it as a recent derog. Make them include the dates or delete the lates (hey, I'm a poet)
