Hello everyone,
I'm going to start from the beginning of my current situation because it will help me paint the whole picture. So here it is:
I dont have a very good credit raiting, and havent for quite some time. But I had taken steps to reverse the situation and had finally gotten to where I was just on the fringe of being "average". One of the steps I took to improving my credit one opening an account with Credit One Bank. I dont have any particular problems with Credit One, and have generally never used their card. My account with them does however carry a monthly 6 dollar fee. Which is fair and I have no complaints about. However, a few months ago I managed to forget about this 6 dollar fee, and missed the payment. Now I know the easy way to deal with this would have been to set up an automatic payment, and I dont really have an excuse for not having done so other than I just didnt. So I missed the payment, and Credit One didnt connect with me on the phone until something like 3-4 days after they had reported to the credit agencies. Naturally, I was immediately upset, but as soon as they told me I gladly agreed to pay the now 25 dollar (late fee) balance of the account. I questioned them about the reporting and the of course said that there was nothing they could do other than waive the late fees. So I accepted this, hoping that it would somehow save me.
Unfortunatley it didnt, and my credit score took the 20 something point shot. So now I am confused on what exactly my next steps should be. Was it actually ever sent to a collection agency? I paid Credit One directly and they waived the fees, so my thought is no. Is it just the reporting factor that I should seek to have adjusted by way of a goodwill letter? This all seems so trivial for what began as a $6 monthly fee and my fear is that they wont adjust it because I just flat out forgot about it.
Thanks in advance for any help or opinions you all can offer!
