what is worse

Discussion in 'Credit Talk' started by Lonergr66, Nov 19, 2001.

  1. Lonergr66

    Lonergr66 Well-Known Member

    Does a recent 30 day late hurt a score more than a paid collection from 6 yrs ago?? What type of derogs hurt a score the most.
  2. bbauer

    bbauer Banned

    My thinking is that it would hurt more because recent history is going to be looked upon as more relevant to your financial picture than something 6 years old. I know that if I were a lender and I saw a report that indicated there might be recent financial problems I would be much more inclined to deny rather than take chances. I don't know how the professional lending people look at those kinds of things, so my answer is just a kind of "gut level" opinion rather than actually knowing the facts.
    There is a whole list of them. Bankruptcy, debt consolidations, child support, paid chargeoffs, student loans delinquent, Sheesh! There really isn't a good one if it's listed as derogatory.

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