That happened to my grandfather. He had an 8K Discover card, 7500 BofA, 3000 Bank One and 3000 with somebody else. Anyway, he got a medicall bill for $120 (about) and missed it. He got the late notice, he paid it. Long story short, because of that, his Discover card went from 8K to 1500, BofA closed, and his credit profile was shot, never to recover. All my credit is secured and I have no plans to unsecure it. You won't cut my limit for some silly reason.
Starting scores: EQ 420, EX 421, TU 405 (Jan 2011)
Bk Ch 7 Discharged Mar 2011
Current scores: Julty 2019: TU - 655, EX - 619, EQ - 640
FICO Dream Scores: EQ 700+, EX 700+, TU 700+
Credit accounts: 22% APR auto loan (Mar 2017), Secured [Coke (4000), Discover (1000)], Unsecured [CreditOne $1500, Walmart $150, Target $200], World Finance: $1500, Courtesy Finance: $700, Speedy Finance: $1200 (charged-off)
