Dispute with a credit card

nb11tk · ‎05-17-2016

Im so bummed as my credit score droped almost 100 points!! from 720 to 635 because I didnt pay card fees for a card i havent used in 2 years.

I had this credit 1 card since 2014, mainly to repair my credit.

After my credit was rebuild, i stopped using it ( was barley using it anyway) but still paid the annual fee.

This year they changed the fee structure and instead of them charging it annualy like before ($46), they started to charge monthly ($6) and i had no idea.

I found out about it 2 weeks ago from my fico alert.

I owed $17 and my account was reported to all 3 agencies for 30 days late payment.

Cant belevie that something so stupid cost me 2 years of hard work rebuilding my credit.

Is there any way i can dispute this?

RobertEG · ‎05-17-2016

Disputes over billing related matters on credit cards are provided for under the Fair Credit Billing Act.

RonM21 · ‎05-17-2016

Sorry this happened. With any luck you might be able to get this resolved with the lender if they are willing.

Total CL: $321.7k

UTL: 2%

AAoA: 7.0yrs

Baddies: 0

Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

takeshi74 · ‎05-19-2016

@nb11tk wrote:
This year they changed the fee structure and instead of them charging it annualy like before ($46), they started to charge monthly ($6) and i had no idea.

It's up to you actively monitor all open accounts whether you use them or not. If you end up with a 30 day or greater then you're not monitoring the account often enough.

@nb11tk wrote:
Is there any way i can dispute this?

You can always try but I wouldn't expect much sucess if you weren't keeping track of your account for several months. I'd suggest trying to sort it out with your creditor first.

@nb11tk wrote:
Cant belevie that something so stupid cost me 2 years of hard work rebuilding my credit.

Given the typical impact of lates and derogs you want to do whatever it takes to avoid derogs. If autopay would be of use to you then make use of it. Definitely make sure you're regularly checking on all of your open accounts. If you can't or won't then consider closing the accounts that are not being monitored.

We all make mistakes. We just have to try to learn from them to avoid repeating them.