First Late Payment - How Long Will It Impact My Score

[Anonymous]

Payment was less than 60 days late. My first ever, on any card.

Been a card holder of this issuer for about 10 years

805 pre covid Fico 8
785 Fico 8 immediately before late payment due to low usage/reduced limit & closed card/no usage

Fico 8 is now 705

How long will this negatively affect my score?

Sock drawer card, hadn't used it in over 1 year. Accidentally grabbed it and charged $7. Didn't pay the bill because I didn't know I used this card. Thank you.

[AllZero]

The delinquency will affect you the whole 7 years while on your reports. You may see a little reprieve as it ages to 2 years and beyond.

I would recommend reading the below
The Saturation Technique: Best GW adjustment odds.

[babygirl1256]

Greetings MessedUp ~ Welcome to the forum . . . Unfortunately the late payment(s) will be on your credit reports for 7 years -unless- you are able to get the original creditor to do a goodwill deletion. Have you reached-out to them? Try to see if they will reopen the account. Wishing you success in resolving this issue!!!

[FinStar]

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@Anonymous wrote:

Payment was less than 60 days late. My first ever, on any card.

Been a card holder of this issuer for about 10 years

805 pre covid Fico 8
785 Fico 8 immediately before late payment due to low usage/reduced limit & closed card/no usage

Fico 8 is now 705

How long will this negatively affect my score?

Sock drawer card, hadn't used it in over 1 year. Accidentally grabbed it and charged $7. Didn't pay the bill because I didn't know I used this card. Thank you.

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Which bank or CU?  Were you enrolled in any type of alerts or push notifications (i.e. email, text, device, etc.)?

[Anonymous]

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@AllZero wrote:

You may see a little reprieve as it ages to 2 years and beyond.

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So odds are my score will stay under 750 for the next 2 years?

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@babygirl1256 wrote:

Have you reached-out to them? Try to see if they will reopen the account.

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The late payment card wasn't closed. I have, no luck.

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@FinStar wrote:

Which bank or CU?

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Chase

[babygirl1256]

I will message you a contact in Chase's Executive Office. Hope it's resolved in your favor!!!

[Anonymous]

Thanks!

[babygirl1256]

Personal message with contact information was forwarded on 6/5/2021.