Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 4
Registered: ‎01-08-2013
0

120 days late

I was 120 days behind on a Bank of America credit card 13 months ago, due to health issues. I closed the account and arranged with BOA to automatically deduct $200/month on the day it was due. They have done this now for 13 months. They are still showing me 120 days late for the last 13 months in a row, because I never paid the amount that I had missed by being 120 days late. What can I do?

 

 

 

Established Member
Posts: 55
Registered: ‎01-07-2013
0

Re: 120 days late

Is it paid off now and if not, how long before it is?

Epic Contributor
Posts: 21,667
Registered: ‎03-19-2007
0

Re: 120 days late

The fact of the prior level of account delinqency will remain in your file under reporting codes for payment history.

It remains in that delinquency status until the account is paid, at which time its currrent status will show paid.  That, apparently, has not yet happened.

 

When paid, the delinquency will still be in your file under two codes.... payment rating and payment history profile.

It will just no longer show as current status.  FICO will still score it.

 

It will remain in your CR until it has either passed 7 years from its date of occurence, or the creditor voluntarily deletes it.

New Member
Posts: 4
Registered: ‎01-08-2013
0

Re: 120 days late

It is not paid off. At current rate it would take about 3-1/2 years to pay it off. Money is tight and I have 2 sons in college at the same time.

Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

Re: 120 days late

You closed it, or BOA closed it?  I had a case where my BOA CC was closed by the creditor after being 90 days late ~3 years ago.  I continued to pay on the balance for another ~2 years, and it never showed as delinquent again, and the status of the account actually changed to "Pays as Agreed".  The lates obviously remained, and will remain for another 4 years, but it definitely didn't accrue a string of lates like you're describing.  When you recieve your statement, does it show a "minimum due" or does it show as the entire balance due?  If it shows as the entire balance due, then I'd imagine it would continue reporting as 120+ late until the entire balance is gone, as described by Robert.  In my case, it continued to create statements with a minimum due and I paid it as normal.

  • Current: EQ FICO 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Established Member
Posts: 55
Registered: ‎01-07-2013
0

Re: 120 days late

I had the same experience as Jutz with my Chase account.  Sounds like you should call them and see what can be done. 

New Member
Posts: 4
Registered: ‎01-08-2013
0

Re: 120 days late

I closed the account. At this point it still shows me as being 120 days late, and oweing $1200. In March one of my son's college tuitions will be paid for the year and I hope to be able to pay the $1200 and "officially" get caught up with them. I will continue to pay the $200/month until the card is paid off, about another 3 years.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.