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Old lates DO matter


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In applying for an aircraft loan today I found out some interesting info. They pulled TU score 719 BUT 2 old lates from 2004, a few 30 day and a few 60 day lates. The guy said even though I have the score he will have a tough time pushing it through due to the lates that still show.

Tried a different bank, same thing. So I guess old lates do matter.....:(

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Exactly - that's what I was trying to say. When we say that old lates don't matter, we mean that in FICO scoring, they mean very little to nothing. But when someone really reviews your credit report, ANY lates are derogatory and say something about your profile.

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I can testify that old lates do matter. I still get turned down with one of the reasons listed: delinquency - and I don't have a late payment any more recently than a 30-day late in July 2006! I guess the fact that it's more than two years old causes it to impact my score less, but credit sticklers find it and use it against me.

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