@Anonymous wrote:
Once the late report gets removed how much do you think my score will increase?
The late will have no impact when removed. As for your score, it all depends on whether or not the late was the only reason your score dropped. We can only go on what you've told us but you have to carefully review reports from before and after any scoring change to determine all changes that caused the change. A recent late does have a significant scoring impact but it's not the only factor that matters.
Keep in mind that you don't have just one credit score. There are many FICO models used by creditors. See also the Understanding FICO Scoring subofurm and its stickies. Typically for a given scoring model you have a score with each CRA. Always make sure you're considering the specific scoring model and the CRA if you're going to rely on the numbers. The weighting of the factors can and does vary by scoring model.
@Anonymous wrote:
I called capital one and explained that i had not made any purchases and that the charges were from an autodraft that slipped my mind.
That really doesn't matter to them. You're repsonsible for monitoring and managing your account. If transactions are slipping by then you need to pay closer attention to your accounts. You were lucky that they agreed to remove the late as they are not obligated to do so since it was correctly reported. Do whatever it takes to avoid derogs in future. If autopay would be of benefit to you then make use of it.
