topic Re: open sky - missed payment is hurting my credit score in Rebuilding Your Credit

open sky - missed payment is hurting my credit score

tparvaiz — Wed, 27 Oct 2021 20:32:09 GMT

I have a couple of credit cards, and one of them is with open sky... they charged me an annual fee that I missed to pay (just paid it 2 days back) but still it is showing as unpaid/missed payment.

Now it is showing under my credit report as missed payment and decreased my credit score by about 100 points.

Q) how can I get it removed from my credit file?

Re: open sky - missed payment is hurting my credit score

dragontears — Wed, 27 Oct 2021 20:41:17 GMT

@tparvaiz wrote:
Hi
I have a couple of credit cards, and one of them is with open sky... they charged me an annual fee that I missed to pay (just paid it 2 days back) but still it is showing as unpaid/missed payment.

Now it is showing under my credit report as missed payment and decreased my credit score by about 100 points.

Q) how can I get it removed from my credit file?

You can ask very, very nicely open sky to grant you a goodwill deletion of the late payment. Do not dispute it with the CRA as it is a valid late and it will just come back verified.

Re: open sky - missed payment is hurting my credit score

SUPERSQUID — Wed, 27 Oct 2021 20:56:39 GMT

@tparvaiz wrote:
Hi
I have a couple of credit cards, and one of them is with open sky... they charged me an annual fee that I missed to pay (just paid it 2 days back) but still it is showing as unpaid/missed payment.

Now it is showing under my credit report as missed payment and decreased my credit score by about 100 points.

Q) how can I get it removed from my credit file?

How late is the payment? it has to be a minimum of 30 days late to hit your report.

I had luck getting one removed many moons ago by cap one by talking to them and explaining what happened, ymmv

Re: open sky - missed payment is hurting my credit score

tparvaiz — Wed, 27 Oct 2021 21:01:00 GMT

should I call them? or write a letter? or both?

Re: open sky - missed payment is hurting my credit score

SUPERSQUID — Wed, 27 Oct 2021 21:07:03 GMT

@tparvaiz wrote:
should I call them? or write a letter? or both?

CALL. btw my situation was very similar to yours. i had a cap 1 card with zero balance for months and forgot it until i got a letter from cap 1 in red print that i was a few months behind, and they also reported it to the cra's. i called them and calmly told them i had the card payed off and didnt realize the annual fee hit. they looked up my record and said everything aligned with what i said and they removed all penalties and marks on my cr's. i remember it took like 3 months for the cra's to delete those lates.

Re: open sky - missed payment is hurting my credit score

tparvaiz — Wed, 27 Oct 2021 22:43:13 GMT

it was actually the annual fee and since I moved to a new location the mail was misplaced by the kids. I paid it off as soon as I got the email reminder email from them.

yes, it was pending for a few months, not sure how many.

Re: open sky - missed payment is hurting my credit score

tparvaiz — Mon, 21 Feb 2022 22:12:10 GMT

I called openSky and they asked me to send the request (to take out the negative marking) via mail. Which I did

but they refused to take it out.

What should I do next?

@SUPERSQUID wrote:
@tparvaiz wrote:
should I call them? or write a letter? or both?
CALL. btw my situation was very similar to yours. i had a cap 1 card with zero balance for months and forgot it until i got a letter from cap 1 in red print that i was a few months behind, and they also reported it to the cra's. i called them and calmly told them i had the card payed off and didnt realize the annual fee hit. they looked up my record and said everything aligned with what i said and they removed all penalties and marks on my cr's. i remember it took like 3 months for the cra's to delete those lates.

Thanks

Re: open sky - missed payment is hurting my credit score

tparvaiz — Mon, 21 Feb 2022 22:13:00 GMT

I called openSky and they asked me to send the request (to take out the negative marking) via mail. Which I did

but they refused to take it out.

Re: open sky - missed payment is hurting my credit score

FireMedic1 — Tue, 22 Feb 2022 11:03:48 GMT

Well lesson learned. 30 day lates after 2 yrs leave a small dent in your score. They dont last long like 60/90/120 day do. You can never turn your back on credit. At least once a week check your accounts online. Things like this happen often. Its usually annual fees, trailing interest, ect. Most of all. Any charges you didnt make may pop up without notice/texts. Then it can be fixed. On my desktop is an icon for each creditor. I changed the icon name to Creditor and the number for statement date closing. Comes that time of the month. I click on it and take a peek that all is well. Little things can help you stay on top of your credit so this wont happen again. Set up notifications on each creditor to recieve a text when the statement cuts.

Re: open sky - missed payment is hurting my credit score

OmarGB9 — Tue, 22 Feb 2022 12:57:59 GMT

@tparvaiz wrote:
I called openSky and they asked me to send the request (to take out the negative marking) via mail. Which I did

but they refused to take it out.

Unfortunately if they don't want to remove it, there's not much else you can do. You can try asking again, but that's about it. Whatever you do, DO NOT dispute it.

Re: open sky - missed payment is hurting my credit score

Bronk33 — Wed, 11 Jan 2023 11:11:48 GMT

What a load of BS this is. I'm supposed to dedicate my life to constantly checking daily, weekly, monthly all of my accounts?

I'm not saying your advice is BS, the system is broken and majorly flawed.
I run a business and there's less I need to do to keep operations running smoothly.
If you're 5 days late after 30 days, it shouldnt shoot your credit down 150 points and make you ineligible for loans and credit.

Re: open sky - missed payment is hurting my credit score

Bronk33 — Wed, 11 Jan 2023 11:12:19 GMT

Why not?

Re: open sky - missed payment is hurting my credit score

FireMedic1 — Wed, 11 Jan 2023 11:22:41 GMT

@Bronk33 You look at your accounts for the business when you pay the bills. Whats the difference? You dont want to have NSF's show up. Any difference? Always check your accounts. Never know when a hiccup occurs. Catch it in time. No problem.