Rebuilding Your Credit

[lil_joey007]

Hey guys It's been a while since ive been on here but i've run into a pretty big bump along the road. I've come back from a 480 score more or less to bringing it up to a 680 in the matter of like 1y and 4 months. This past month i accidently paid a CC with my wrong canceled card. I finally realized it when i got a call from the CC company (first premier) I finally gave the payment with the right account and i see that they posted a 30 day late on my account. When i would check my FP count online it showed paid on an ok date... Now my score has gone back to a 585 Can anyone advise me of any I can do? Thanks in advance

[MarineVietVet]

Call them and very nicely explain what happened and ask (even more nicely) if they will remove the late payment notation. If you've had a good payment history with them they might just do it. All they can do is say no.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[lil_joey007]

Thats very true.. Ive had the card for about 14 months and have never been late. Hopefully they can help me out. It says on their site that I should Fax them an explenation and they would contact me.

[RobertEG]

Can you clarify the specific dates?

A late payment does not necessarity equal a 30-day late reported to the CRA.

A payment is late one day after the billing due date, but does not become reportable to the CRA until 30-days past the billing due date.

So, what was the billing due date, and what was the date it was paid?

[lil_joey007]

The due date was OCt 10 and i paid it on the 8th but with the wrong bank account. The website showed the payment had posted. It showed posted but i still gave another payment because i realized I paid it with the wrong account. I gave the second payment on Nov 22

[MarineVietVet]

---

lil_joey007 wrote:

The due date was OCt 10 and i paid it on the 8th but with the wrong bank account. The website showed the payment had posted. It showed posted but i still gave another payment because i realized I paid it with the wrong account. I gave the second payment on Nov 22

---

Whether this is a payment made after the due date and is being charged a late fee or if it's a true 30 day late you will still need to contact the creditor and ask that it be removed. However a 30 day late is much more serious and will hurt your score whereas a late fee will have no impact.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".