12-18-2008 09:28 AM
First post in these forums.
I have a Kohls Charge card that I hardly ever use and back in August my wife used it to buy something that was on sale. Long story short, she "forgot" to mention this fact to me. Sometime last year I had changed the delivery option for my statements to email from the traditional paper statement. I did not see the statement (since it went into my "Junk" email folder) until about 60 days had passed since the due date of the first statement. I saw it by chance when I was looking for some other email that I did not receive in my inbox. Anyway, I paid the $30 fee and the total balance (it was approx. $110 total including the fees) the same day I saw that email. I have never had a late payment in my credit report (which is only about 8 years old) and my FICO score has always been in the upper 700s. Now as a result of this 1 missed payment (my fault I agree) my score is 620. How long does it take to get my score back where it was before I had this one-off missed payment? Generally I pay all my bills in full well before the due date for all my cards (bank and stores).
Thanks for reading and in advance for your suggestions.
12-18-2008 10:19 AM
Call them and explain the mishap. But it may take more than one phone call and if you have no other bad history with them, and they would want to keep your business. Be persistent.
I have sent a Good Will letter to them asking them to remove a 30 day late from 2004. I will find the address and post it for you.
12-18-2008 10:24 AM
12-18-2008 11:53 AM
Kohl's no longer services this credit card. It's now Chase backed. Good luck getting anywhere with Chase.
If this is a 30day late, you will recover quite a few points when it reports as current.
You can call and beg chase, but they're not in any mood to give gw. They stink.
12-18-2008 01:12 PM
December 11, 2008
P.O. Box 3138
Milwaukee, WI. 53201
RE: Account xxx-xxx-xxxx
This letter is in regard to the closing of my account with your store. I did request that the account be re-opened. And apparently due to my credit situation, you were unable to extend me even the limited amount of $100.
The reason for my recent request was to keep the trade line open and help improve my credit score, going forward.
A loss of income in 2007 has been quite stressful and did impact my payment history, but not with Kohls. My largest balance with you was approximately $300. Only once (reported November 2004) was my payment 30-days late. My account is paid in full.
I was disappointed with your decision, but I understand.
As a gesture of good will, I request that you delete that small blemish from my payment history with your store, with the three major bureaus.
I do intend to continue shopping at the new Kohls which is now open near my home.
Please feel free to contact me at xxx-xxx-xxxx, if you would like further information.
12-18-2008 01:21 PM - edited 12-18-2008 01:21 PM
LOL @ pgsparx.
Thanks for the letter ned505. I may give it a try. Worse that can happen is they say no.
12-18-2008 01:38 PM
I will report back here as to the outcome with Kohl's. I am betting that it will take more than one letter.
btw. On the merry journey from a 740 to a 523 EQ score, I called Kohl's and asked for them to remove the one lone little baddie with them. This must be a tip or cue, as they pulled my report and made my limit $100. It was $800.
It was early in my credit rebuilding career. I had a very low balance relative to the CL. It was good to know I had some available balance if I needed socks, undies, or other essentials when all was crashing down.
I will shop there and I plan to send my receipts to them as demonstration of my Good Will.
10-12-2012 07:59 AM
Hi, did you ever reach resolution with Kohls? Any advice? It is Oct 2012 and I am in the same situation. Made a $37 purchase in June, was switched to paperless bills without my consent/knowledge, did not receive any bills (paper or electronic), and was immediately reported to credit agencies when my payment was late. I received a collections notice in the mail, promptly paid the bill, late fees and interest, but Kohls is refusing to consider amending my credit. I dropped from a 790 to a 725...I am sick over this. Never a late payment on any account for 14 years....I cannot believe this! Please let me know if any specific avenue worked for you. Thanks!
10-12-2012 02:20 PM
Sorry PC-Mom. I decided to just drop the whole thing and take it as a lesson. I did cancel the Kohls card in anger but now regret since it was one of the first cards I had opened and it would have helped with the oldest account open date.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.