What does 90+ late mean in a credit report?
While looking at a credit report, a client finds that it reads 90+ late. This descriptor references to reporting of late payment and derogatory information.
What does it mean?
The label denotes that a lender has reported a person as not paying their credit obligation for 90 days or more past the due date, according to myFICO. 90+, sometimes shown as 90+ dpd, includes reporting codes reflecting 120, 150, and 180 days past due on an account. Accounts that the lender has charged-off or on which there is a report about serious derogatory information included as well.
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