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30day late from 8/2013 question

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nate79416
Regular Contributor

30day late from 8/2013 question

I have ONE late pay on my one and only credit card, from 8/2013 should I try and get this deleted? Is this still hurting my score? 

 

 

Thanks

Message 1 of 4
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Anonymous
Not applicable

Re: 30day late from 8/2013 question

30's lose pretty much all of their sting at 24 months. I would just let it go. You should see a score bump in September.

 

You should consider establishing two more credit cards for better score growth.

Message 2 of 4
nate79416
Regular Contributor

Re: 30day late from 8/2013 question

yes, since I'm pretty sure we need to hold off on a home loan for now, if I establish 2 more now, then apply at the first of the yr, will that hurt me, I always hear about no new credit before applyng for a home loan

Message 3 of 4
Anonymous
Not applicable

Re: 30day late from 8/2013 question


@nate79416 wrote:

yes, since I'm pretty sure we need to hold off on a home loan for now, if I establish 2 more now, then apply at the first of the yr, will that hurt me, I always hear about no new credit before applyng for a home loan



Thats a general rule, not an absolute. The reason is that new accounts may drop your scores initially, but if you already have a thin file with only one revolving account, the second and third account will push your scores up faster, negating the initial dip for new credit. 6 months out is plenty of time to let those new accounts age a bit and push your scores.

Message 4 of 4
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