Hi,
I am very upset with myself. My report shows 19 good standing accounts and 1 negative. Over the life of a five year auto loan I had nine 30 day lates. Seven were in a two year period when I was really struggling with my debts. The other two were a year and a half ago. The other seven were about three to three and a half years ago. The account was paid off this week. $700 a month savings (this was a zero percent loan-yikes).
I have 5 credit cards that are near max and an Amx I pay on time monthly. I owe about $25k with maybe $3k available on all cards.
I was in a car accident last month and I am expecting $17k in settlement. It will all go to the above mentioned cards.
My score is a horrid 644. I have never had a late on any other account on my report (shows 19 opened and closed).
Will my score not come out of the gutter because of the nine 30 day lates on my auto loan? These are falling off the two year window in my reports and I am down to showing two now. Applying the $17k to the above cards has to raise the score by some I would think?
If I want to apply for another auto loan next year will they see all nine 30 days or just the last two year window?
I am so disappointed in myself I could scream and the cards will be paid down soon and luckily I am making more $ than I have ever in my life.
I go to sleep thinging about those nine 30 day lates for the past two weeks.. I did contact the creditor today and hoped since the account was now paid that they might help me with a good faith adjustment but that did not fly.
Thanks for the input.
-DP