So I’ve always had a solid credit portfolio with mixed credit, nice credit history, scores in the 770’s, no baddies in anyway. Never missed a payment ever.
Well today I just realized my car loan payment was 33 days late! Been traveling so much that I just forgot to pay it. I owed a payment on August 21 and September 21 to BMW financial. Nothing has appeared on my credit yet and I quickly paid both months in full. I am now current. Bill was due Friday and I paid everything on Monday.
So questions are. Did I doge a bullet or is that 3 days late and 100 plus point hit coming no matter what?
And lastly, I’ve been wanting the Citi Prestige card. Should I hurry up and apply now before my credit drops to crap for the next 7 years??
The 3 days late is not an issue, however if you didn't pay your Aug 21 payment as it appears, I am afraid you will probably get hit with a 30 day late I hope not of course, you never know.
All you can do is sit tight and wait to see if it reports as a 30D late. If so I would call and immediately request a GW removal of the late. I'm not sure how that lender handles such requests; Check in the rebuilding forum and see what you can find. A GW letter campaign may be necessary if it can't be fixed with a phone call or two. I would actually suggest against paying it off, because still owing them money gives them a little incentive to do a GW adjustment for you (keep you paying), where once you pay it off they really have nothing to gain from GW.
And just like that I can’t refinance my house as planned. You spent months paying on time and scores increase ever so slightly then with one mistake you can lost 100 plus points. It’s crazy. I think I’m going to offer to pay the car in full. I only have 5 months left on the lease.
Paying it off, and getting a clean title, sounds like a great idea to me.
Pay the car off to purchase it?
Pay off the remainder of the lease and then return?
Sit tight and cross your fingers. If it does show up, be prepared to start a goodwill letter campaign.