PIF as quickly as possible!
Between the lates, and the closure with balance, your other creditors may take AA against you. You'll be better positioned if it's PIFd.
Write a really good, really moving goodwill letter. Explain what happened, how it will never happen again, and how much you value the relationship with that lender. Then, google the SEC filings for that lender, get the name and mailing address to someone important at their corporate HQ, and send them the goodwill letter, specifically asking for "forgiveness/rehabilitation".
Friendly, Supportive & Respectful
"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli
Can you name the creditor? We may be able to help more. There are a few companies that aren't good with g/w and some are. Some you simply have to word harder at.
I'm at around 50%, not bad!!!!!
it can be either typed or hand written neatly, post draft if you want and/or look for samples if you would like additional guidance with it. send letter asap. you may have to repeat this several times b4 you see results, don't be discouraged some see success after their first attempt! sure hope you do too-
Should this letter be typed or hand written... and how long should i wait to send it (how many more payments should I make)?
I have another question about...
If they don't change anything but I continue tp pay this card on time but don't open it back up will that hurt me?My husband and I plan on working on paying our debt and saving to buy a house in summmer of 2011. Do think if I pay this off my score should recover by this time next year or longer? Is it best for me to leave this card closed? If it seems that I'm confused and frustrated it's because I am. Thanks for any help/advice.