My score dropped from 662 to 622 after I opened 3 new accounts between October - Decemeber 2006 and one of them I missed the 1st payment just as an oversight due to illness this January. Since then I have paid off 40% off a $500 balance on that account. Can I ask the creditor to remove the late charge from my credit report ? The rest I have been paying on time and much more then the minimum. Also, I have been eradacting the balances of old unpaid accounts. Which I have one left which will be paid off by the end of April. I have been working very hard to increase my scores since 10/2005 and went from 584 to 662 and now this.
I asked and they removed the late charge. I explained I did not received my first bill in January, it may have got lost in the mail due to the holiday season. Well, without that information I was unable to pay timely or setup my automatic payments with my bank etc. They said since I have paid all the subsequent bill and sent other payments before the next bill cycle they did not have a problem removing the late charge. Thanks!