I'm somewhat embarrassed to say this but I'm 32 years old and up until about 7 months ago I didn't know, or care anything about my credit or credit in general(i know, don't ask).
Anyway, I got behind on my real estate loan and because I was ignorant about the effects it was having on my credit, I stayed behind for almost two years. If i would have prioritized my budget i could have easily caught up after my first 30 day late but I didn't because, well, i was an salamander.
So here's the deal. I had a rude awakening when 8-9 months ago when I needed a loan to help cover the costs of a surgery and was denied. I was sent a letter saying I was denied because my credit score was 528..
Since then I have become obsessed with my credit score. I've managed to raise my fico8 score to 630ish across the board just by getting caught up on my real estate loan, getting a vehicle financed by capital one auto, and opening a finger hut account. (I previously had no revolving credit).
Two weeks ago I applied for a capital one secured credit card and was initially pre approved, but when I went through with the application I got denied. My question is, how long will my string of late payments haunt me? Mind you, I've been caught up for the last 8 months and have no baddies other than a string of late payments for almost 2 years. How long before creditors stop looking at my old late payment history and see that I'm making my payments on time and have become serious with my finances and credit?
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