topic Re: Credit Union Deposit Account 60 Day late in Rebuilding Your Credit

Credit Union Deposit Account 60 Day late

Blue — Wed, 07 Aug 2024 15:00:40 GMT

Hi all, thanks for the great info posted through out this forum.

I became a member of TEFCU in 2007. After years of automatic deposits I decided to switch banking to PNC. On May 31 TEFCU wrote off my deposit account, $ 175. was owed. The balance due was paid June 3. I was hit with a 60 day late. I had no other lates on my report. I lost 68 points Down to 628 Experian. My scores today are Exp: 647 EQ: 649 TU:647.

My cards are, Citi Diamond (secured) $0 bal $300 limit

Cap 1 $1000 bal $1100 limit 4 inq past 2 years

Discover it $1928 bal $2500 limit Aaoa 3yrs 5 mo.

Amex/ Hilton $0 bal $1000 limit

Apple card $1100 bal $1250 limit

Macy's $907 bal $1800 limit

Amex BCP $284 bal $1000 limit

Discover Chrome $1800 bal $2000 limit

Syncb/Sams $700 bal $1000 limit

I am in the process of paying down my high utilization. Does anyone have any suggestions on improving my score as quickly as possible ?

Thank you

Re: Credit Union Deposit Account 60 Day late

pizzadude — Wed, 07 Aug 2024 15:41:09 GMT

Moved to Rebuilding Your Credit

Re: Credit Union Deposit Account 60 Day late

pizzadude — Wed, 07 Aug 2024 16:14:55 GMT

Did you pay the $175 balance to the CU yet ? If not then it's possible you might get hit with additional lates.

Also if you did pay this already, have you asked them about a GW request to remove the lates ?

Re: Credit Union Deposit Account 60 Day late

GZG — Wed, 07 Aug 2024 16:17:56 GMT

@Blue wrote:
Hi all, thanks for the great info posted through out this forum.
I became a member of TEFCU in 2007. After years of automatic deposits I decided to switch banking to PNC. On May 31 TEFCU wrote off my deposit account, $ 175. was owed. The balance due was paid June 3. I was hit with a 60 day late. I had no other lates on my report. I lost 68 points Down to 628 Experian.

ask them if they could please remove the late, lean in on your long time banking history and briefly on why you were late and ask as a one-time courtsey if they would be willing to remove the late based on your long time banking history with them

if a phone call doesn't work, look up goodwill letters and start sending them and see if somebody will help you get that late removed

Re: Credit Union Deposit Account 60 Day late

Blue — Wed, 07 Aug 2024 16:26:32 GMT

Hi Pizzadude, yes I did pay off the $175 on June 3. I had attempted to pay on June 1 at the ATM found that my card was deactivated. I went to the branch the next business day to pay in person. Requested a change in status. I have sent a GW request