HOW MUCH WILL THIS AFFECT MY CREDIT SCORE?
I hate to admit it, but I’m terrified of looking at my credit score. I have had my credit card since I was 15 years old (I’m 23 now) and never once missed a payment until I graduated from college and couldn’t find a job for 3 months. In that time I couldn’t make payments on my credit card.
I went to Bank of America to see if I could work something out and if they could remove it from my credit, since I had always paid it, and have returned to making payments since I starting working
According to the woman I talked to, I missed three payments (I guess those three months, even though it was one payment), but only one was reported to the credit bureau, but even that one did not reach 90 days.
They refunded the fees for the late payment, as well as an overlimit fee (never knew I was over my limit).
How much could that one late payment that was reported affect my credit? I don’t have any debt otherwise, and like I said I’ve had my credit card for close to 8 years without a mark on it. Is there a way to get that one that was reported off my credit. Help!
Susan
Lauren
You’re far too old to “be afraid” to look at your credit reports. You SHOULD be reviewing them annually. What’s the sense in asking people on this blog to guess about it for you?
Gladys
a late payment will kill your score for 1-2 years. Most of the damage will be done in this first year. You will start to really recover after that. It will stick around for 7 years though. You could wait a while and ask them to remove it again.
Vicki
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – credit-report-score.10001mb.com