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First 30-Day Late in Over 25 Years

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Gladius
Frequent Contributor

First 30-Day Late in Over 25 Years

Wife had a $118 balance on our Gap card that she totally forgot about and now we have a 30-day "delinquency" on both our credit reports.  We have maintained clean reports for Smiley Sadover 25 years and now we are stuck with this delinquency for 7 years.  All 3 bureaus dropped 12-15 pts (now in the 750-760 range).  Please , please, please make sure you monitor all of your bills and balances!  One little slip-up like this will affect you for quite a long time.  smh..Smiley Sad

 

Message 1 of 11
10 REPLIES 10
JoeRockhead
Senior Contributor

Re: First 30-Day Late in Over 25 Years

Given your stellar payment history, I would strongly consider contacting the creditor with an explaination, and kindly ask them for a good will removal of the late payment... certainly nothing to lose, and lots to gain IMHO.

Message 2 of 11
Gladius
Frequent Contributor

Re: First 30-Day Late in Over 25 Years


@JoeRockhead wrote:

Given your stellar payment history, I would strongly consider contacting the creditor with an explaination, and kindly ask them for a good will removal of the late payment... certainly nothing to lose, and lots to gain IMHO.


Thanks.  Since my wife is primary and I am an additional user, I will tell her to contact them.

Message 3 of 11
GatoradeZeroGuy
Valued Contributor

Re: First 30-Day Late in Over 25 Years


@Gladius wrote:

 and now we are stuck with this delinquency for 7 years.  


Can't you just get yourself removed as AU and it won't be on your report any longer? 

Starting FICO 8:

Current FICO 8:

1/6, 5/12, 12/24




Message 4 of 11
805orbust
Valued Contributor

Re: First 30-Day Late in Over 25 Years

BOOM!   What @GatoradeZeroGuy just said. You could get that removed lickety split.  This is the reason why I was pondering the value of trimming down my card count.  It's alot to keep track of. 



Message 5 of 11
Remedios
Credit Mentor

Re: First 30-Day Late in Over 25 Years


@Gladius wrote:

@JoeRockhead wrote:

Given your stellar payment history, I would strongly consider contacting the creditor with an explaination, and kindly ask them for a good will removal of the late payment... certainly nothing to lose, and lots to gain IMHO.


Thanks.  Since my wife is primary and I am an additional user, I will tell her to contact them.


Have her to try GW approach. Tell her it might take several tries but so worth it if they remove. 

If you're planning an application, you can remove yourself easily, lenders are reluctant to approve with a fresh late.

Otherwise, I dont think you guys have too much to worry about AA wise. An isolated late isn't end of the world or your credit life. 

 

Message 6 of 11
IcyCool7227
Regular Contributor

Re: First 30-Day Late in Over 25 Years

Here is a great article for you:

 

 

https://www.marketwatch.com/story/does-one-late-payment-hurt-my-credit-score-11604078238

 

As of: 2/6/24:

EQ: 778 (prev. 773 on 1/26/24 & 750 on 1/7/24 & 626 on 6/7/24 & 652 in April 2023) - FICO 8
EX: 755 (prev. 753 on 1/26/34 & 732 on 1/7/24 & 643 on 6/7/24 & 619 in April 2023) - FICO 8
TU: 748 (prev. 744 on 1/26/24 & 689 on 1/7/24 & 6/7/24 & 654 in April 2023) - CreditKarma

Have:
- Amazon Prime Store Card: $5,000
- Capital One SavorOne Cash Rewards: $1,200
- Discover it Cashback: $1,000
- Kohl’s Charge: $3,000
- Super Cash: Limit varies based on debit balance - doesn't show up in accounts anymore though on CRs.
- Zolve: Shows up but have not set up yet as no money has been put on the account.
Message 7 of 11
SweetCreditObsession
Valued Contributor

Re: First 30-Day Late in Over 25 Years


@Gladius wrote:

@JoeRockhead wrote:

Given your stellar payment history, I would strongly consider contacting the creditor with an explaination, and kindly ask them for a good will removal of the late payment... certainly nothing to lose, and lots to gain IMHO.


Thanks.  Since my wife is primary and I am an additional user, I will tell her to contact them.


As an AU, you could remove yourself from the account and ask the bureaus to take it off your CRAs too.



(+102) | (+106) | (+151)
| TU Fico 9: ? | Exp Fico 9: ? | EQ Fico 9: ?| EQ Fico 8 Bankcard: TBA

Initial Goal: Min. 740 w/all CRAs - Met
Interim Goal: 780 w/all CRAs - Met
Current Goal(s): Min. 800 w/all CRAs
Gardening Until: ??/??/202?| Last App: 10/20/2023





Message 8 of 11
winks_oz
New Member

Re: First 30-Day Late in Over 25 Years

When was the late payment? 

I had a similar situation with GAP card but it was during transition from Synchrony to Barclays and auto-pay failed to transfer. As it turns out, I was told by the Barclays president office that cardholders who transitioned from Synchrony to Barclays in June 2022 and had payment issues relating to the transition, will have late payments removed. However, if your payments were on time after June 2022 but then missed one, I don't think you'll be in that group of auto forgiveness but sending a goodwill email might help either way.

 

Message 9 of 11
TRC_WA
Senior Contributor

Re: First 30-Day Late in Over 25 Years


@805orbust wrote:

 It's alot to keep track of. 


I have a lot less accounts and still use an Excel spreadsheet to keep track of bills due and payment due dates.

 

I had credit issues 6+ years ago that led to a Ch 13... but oversights like what the OP described resulting in an accidental missed payment have never and will never happen here.

FICO8 current as of : 1-24-24 EQ: 665 TU: 653 EX: 656
Hard INQs last 12 months: EQ: 5 | TU: 7 | EX: 9
WF Reflect $7000 Verizon Visa $6500 Ally MC $4000 Mission Lane Visa $1850 Credit One Platinum x5 $4700
Upgrade Visa $2000 PenFed Gold Visa $2500 Amex Delta Gold $10,000 Care Credit $12,000
Petal 1 Visa $2900 NFCU CashRewards $6000 Apple Card $2000 Best Buy $3500 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) $44k new - refinanced $33k balance @ 6.94%
Total CL: $82,000 --- Total CC UTI: 44% --- AAoA: 5.5 years --- Income: $170k
Last app: 11-30-23
Message 10 of 11
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