Credit Score plummeted after $50 on a credit card.

[Anonymous]

Hi,

I have a 120 day late on my Credit from a $300 unsecured credit card through my bank.

Was trying to build credit and then for some reason it was removed from my onine banking after i missed 2 payments and forgot about it.

There was $50 balance that after 120 days late escalated to $370.  I settled with them for $300 but didn't know that i could request them not report it.  

Any ideas on what I should do?

It was a stupid mistake that I wish I could take back.  I wish someone would have called me from the actual bank I go to and just taken the money out of my bank account.  How can I fix this, its killing me.

[SunriseEarth]

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@Anonymous wrote:

Hi,

I have a 120 day late on my Credit from a $300 unsecured credit card through my bank.

Was trying to build credit and then for some reason it was removed from my onine banking after i missed 2 payments and forgot about it.

There was $50 balance that after 120 days late escalated to $370.  I settled with them for $300 but didn't know that i could request them not report it.  

Any ideas on what I should do?

It was a stupid mistake that I wish I could take back.  I wish someone would have called me from the actual bank I go to and just taken the money out of my bank account.  How can I fix this, its killing me.

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It sounds like you at least prevented it from becoming a CO.   Since the balance has been resolved, your option at this point is to submit GW letters to the lender to see if they can remove the derog

[p-]

I think your only option at this point is to beg for a Goodwill removal of the lates.  Beg, explain, and write letters to any exec you can reach...  I have an account with 120 day lates that is a few months from falling off and it is literally the difference between 756 and 813.

It is worth any amount o effort possible to get rid of.