A Deeper Look at Late Payments and FICO Scores by Barry Paperno
While anyone can tell you that late payments will hurt a credit score, what most people don’t know is that there are subtleties in just how the FICO scoring formula treats one late payment from another. For example, some typical questions about late payments are… Why would someone with a 90 day late have a better score than someone who’s never paid later than 30 days? Does it matter if a payment goes 60 days late rather than 30 days – assuming it was from a year ago? Does the score care how
Original post by My Investing Blog