804 Credit Score Plummeted from 30-day Late

[Here4theconvos]

Hi all,

I can't even believe I'm having to write this. I am so angry with myself. Due to my error and being distracted with graduating college and getting married in the next month combined with my old e-mail getting hacked, I missed a payment on my Nordstrom Visa card. I hadn't used the card in a while so it wasn't in my calendar to pay since it had a $0 for quite some time. However, I updated my e-mail address on the Nordstrom consumer site, but not the credit services site so I never got the credit summary to prompt me to enter the payment date in my calendar. Well, I happened to log on to Experian yesterday and was horrified that the 30-day late payment had been reported. I paid the balance in full, but my credit score has dropped about 180 points. I know things could be worse, but I am so upset and it has kept me up all night. I was supposed to be house hunting in about a month and my car lease is up in August. I'm wondering how long it takes for my payment history to go from 99% back to 100%? Also, will my other credit cards be notified of this? I just got a few credit line increases that I didn't have to ask for so I would hate for them to now see me as a risk. Thank you in advance for any help you can offer. I would appreciate it so much. 

[tcolesz12]

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@Here4theconvos 

I'm very sorry to hear that but congrats on graduating and the soon-to-be marriage that's very exciting to hear!!! So in terms of the late what you can do is send a GW letter explaining the reason and that you've been a loyal customer for x amount of years and it doesn't reflect your creditworthiness and so on. I had a 30-day late on my discover card and I sent them a GW and they did remove it but I'm not saying they will remove the late payment. It did take a few times to get them to do it so if you fail keep trying.  Your other credit card companies will not be notified of this only on new applications that you apply for with the late on it. 

[CYBERSAM]

WOW! Very sorry to hear that! 180 point is crazy...

Have you tried calling TD Bank/Nordstrom Visa ? They do have a one time courtesy forgiveness policy per year. See if they can reverse the late fee and then remove the remark from your file. It is possible to do so. Escalate as much as you can after they remove the late fee to remover the remark.

Unfortunately late payment could stay on your file for 7 years. Not the same effect as new late reporting but it would effect your score if is there.

[jrwa81]

Yikes!!!!  180 points is a HUGE drop for just one 30-day late.  Are you absolutely positive that is the only derogatory mark that was reported and there's nothing else going on here?  This doesn't sound right at all.  I know that payment history makes up 35% of your FICO score, but 180 points seems VERY excessive for a single 30-day late.   I have a friend who went through a foreclosure several years ago and even her score didn't drop that much.  I'd take a much closer look at your reports.  If your score truly dropped 180 points, you're probably missing something.  I just have an extremely difficult time believing that one blip from a late payment caused that significant of a score drop.  

Anyway, as others have said, contact the creditor and see if there is anything they can do.   Considering the fact that you have an otherwise perfect payment history and this was an honest oversight, they might be willing to do a GW deletion of the late payment.   As far as your other cards, they won't know about it unless they were to do a pull for a CLI.

[Shooting-For-800]

Call and beg for removal.

Write and beg for removal.

Email and beg for removal.

Chat and beg for removal.

Rince and repeat.

Regardless of what they say, they can remove it.

GL!

[TRC_WA]

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@Here4theconvos wrote:

I paid the balance in full, but my credit score has dropped about 180 points.

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800 to 620 over a single 30 day late?

Is that a typo?

[T_Diva]

If you have any cards that routinely soft pull your credit, they will find out about this late.

This has happened to myself and some of my friends.  You miss a payment other cards find out from soft pulls and they lower your limits. Good thing is that is usually temporary, and recovers in a few months.

[FireMedic1]

I'd try all the ways to get a GW. The higher a score is. The bigger the hit is and recovery time. 800's can drop that much. Isnt like a 680 dropping to 500. Good Luck.

Examples: