After 7 years, will the late payments be erased from my credit report? Will that change my credit score?
Answer:
Most negative information must be removed from your credit report after 7 years (bankruptcies can be reported for up to 10 years). This will not have much of an impact on his credit score because older information has less weight. By the time an item drops off the report, it was not influencing the score anyway. The link below is a booklet titled "Understanding Your Credit Score". It is produced by Fair-Isaac, the company that developed the FICO score.
i reallly don't know,but good luck finding an answer
Yes.
Yes, after 7 years the late payment history will drop off. But you said there have been no late payments for 2 years. It will take 7 years for each of them to come off based on date of reporting. Yes, it will make his score go up dramatically as soon as they have fallin off the report.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: