How high can you score get with a single 30 day late that is almost 6 years old?

Question

Hey Team,       I know it is impossible to predict the exact score without knowing alot of factors. I have 37 accounts on my file.17 are still active (average age is 6 years old. Oldest 1998, Newest less than a month)About 125K of credit available but I am carring about 8K in debt spread out among 6 cards.No BK or COI have one 30 day late that won't "clear" until next year.During the credit crunch (2008-2009), I did have certain companies out right close my account but was never late and paid them.My queries on average are 8 in the last year on all 3 CRA.My DTI is about is about 20% per month.     With all this said, my Fico score barely breaks 720. Does anybody think I can reach 740 or above? Or do I have to wait until next year? Fee  

Answer 1

Revelate wrote:
FeeBear wrote:
Hey Team,       I know it is impossible to predict the exact score without knowing alot of factors. I have 37 accounts on my file.17 are still active (average age is 6 years old. Oldest 1998, Newest less than a month)About 125K of credit available but I am carring about 8K in debt spread out among 6 cards.No BK or COI have one 30 day late that won't "clear" until next year.During the credit crunch (2008-2009), I did have certain companies out right close my account but was never late and paid them.My queries on average are 8 in the last year on all 3 CRA.My DTI is about is about 20% per month.     With all this said, my Fico score barely breaks 720. Does anybody think I can reach 740 or above? Or do I have to wait until next year? Fee  FICO 8?  Yes, probably easily if you pretty up your revolving balances, depending what your installment history looks like and what not and let your inquiries fade: that's a bunch score wise if they weren't mortgage / auto related. My EX FICO 8 is a 739 right now, my AAOA is 2 years (about to tick over 3) and that's with a tax lien, 30/60 late, and a paid collection from 2010.  Also a single scorable inquiry on the report... least for the next few hours .  Thanks Rev gives me hope!