By Admin on Jul 24, 2009 in Credit
KHX asked:
Had a $20 charge that was forgotten about on a unused credit card. After 2 months, it changed from n/a to delinquent. On the third month, I finally found it and promptly paid it. However, it’s dropped my score significantly. It was only $20 – anything I can do?
http://1mortgagecalculator.info
Had a $20 charge that was forgotten about on a unused credit card. After 2 months, it changed from n/a to delinquent. On the third month, I finally found it and promptly paid it. However, it’s dropped my score significantly. It was only $20 – anything I can do?
http://1mortgagecalculator.info
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speak to your bank or the credit card place see what they can do to help
Bear | Jul 27, 2009 | Reply
It’ll stay on your credit record for 7 years, but its not gona make a big difference in your credit score. There’s a couple of options. You can either call your credit card company & ask them to remove the late charge & explain the situation (you might hafta offer them some money, cuz that’s what they are in for), or you can call one of those Lexington Law Places (its a credit repair company), but they charge so much money, and this is probably gona make a 2 point difference in your credit score. I worked for a bank in the finance department, and it doesn’t make a big difference, as long as youre back on time & stay on time with your payments. I hope that helps, & if you have any other questions about it, feel free to email me.
Marissa&Mike | Jul 28, 2009 | Reply
I’m in the same situation. It’s not worth the bother. The score is heavily weighted toward recent activity. Keep paying in time and the event will become older and nobody will care, even if it there for a while. If the score has changed a lot, there may be other reasons.
Ted | Jul 29, 2009 | Reply