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Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012

Boy did I screw up...

Have had lots of positives and scores are 649 EQ and 678 TU from myfico. My car loan matured and although I paid the payment on time, I did not pay the full balance remaining within 30 days thinking there was leeway. I paid half the balance on day 33 and will pay the remainder on day 47. This will probably destroy my hard work in one simple misunderstanding. There were extenuating circumstances, namely car trouble and a family death and travel expenses related to that - we were out of town for the funeral on day 30 (Sunday) and day 31 as well as day 32. My chances at home ownership have probably been blown and I am so upset with MYSELF.

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Frequent Contributor
LondonMassey
Posts: 453
Registered: ‎01-03-2012

Re: Boy did I screw up...

How long have you had your car payment? No other issues? When do you plan to buy?

 

See if you can get them to goodwill the late by explaining the circumstances and your situation.

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Current Score: EQ 665 EX 687 TU 695


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Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012

Re: Boy did I screw up...

[ Edited ]
Was planning on applying this week but loan officer suggests waiting to see how it will report. As of now, it has not reported... I have one other late in Decemver 2009 and the note was 48 months.

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Moderator
pizzadude
Posts: 8,800
Registered: ‎01-28-2010

Re: Boy did I screw up...

[ Edited ]

AutumnC74 wrote:
Was planning on applying this week but loan officer suggests waiting to see how it will report. As of now, it has not reported... I have one other late in Decemver 2009 and the note was 48 months.

I would go ahead and write a compelling goodwill letter just in case they do decide to report you as paying late.   Hang on to it just in case the lates show up.    It's possible that they might cut you some slack....

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012

Re: Boy did I screw up...

Do you think I should try to email it to someone before reporting even occurs? Or maybe contact the Main branch of the bank?

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012

Re: Boy did I screw up...

This bank is the owner of the mortgage company I want to apply with :smileysad:

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Moderator
pizzadude
Posts: 8,800
Registered: ‎01-28-2010

Re: Boy did I screw up...


AutumnC74 wrote:
Do you think I should try to email it to someone before reporting even occurs? Or maybe contact the Main branch of the bank?


It might not hurt to be proactive ~ you could call them and inquire about how they report lates.....explain the situation and ask nicely for some goodwill.    If that fails then start with the emails and/or letters.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012

Re: Boy did I screw up...

So I took the proactive route and called the bank... With this simple phone call they shared that they fixed my account so that it would not report late. What a blessing... In other credit news a dispute with Sallie Mae over a late payment (90 days) last October may end favorably for me. This removal will be another blessing for me... ")

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


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Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012

Re: Boy did I screw up...

sorry about your loss, but glad the bank is not a complete<?{


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

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Regular Contributor
AutumnC74
Posts: 132
Registered: ‎03-28-2012

Re: Boy did I screw up...

Me too... And thank you... The bank was very helpful and understanding...

Starting Score: March 29, 2012 EX: 592, EQ: 549; TU: 557 - LENDER PULL
Current Score: June 2 2012 TU08 (walmart) 689, EX: ?, EQ: 649 (SW) TU: 679 (SW)
Goal Score: 720


Take the FICO Fitness Challenge


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