Back in late 2011 I decided to bite the bullet and signed on with a DMP. It seemed desperate, but I was actually able to pay off CC faster through the plan.
BOA accepted the proposal in Nov 2011. The account has since been paid in full (over 7K) and I feel good about that. The issue I realized after signing up with myfico and scrubbing my credit report is they (BOA) are showing 9 late payments (30 days each) starting at that time. I was never late before and I only signed up with DMP to get a better rate and pay quicker (of which now I realize I could have done by myself). Anyway, I contacted the DMP who sent me a acceptance from BOA and part of the proposal is they would re-age the accounts if this happened. They did not. I called BOA and they said they will look into this and re-report to CRA. I'm hoping they will and this won't back fire and cause my score to drop more. At this point having no late payments since 2011 I'm assuming even if it's fixed it won't help my score much anyway. But every little bit helps......right?
