Jul
10
Is there any way to repair the credit file after only 1 missed payment in 5 years span?
Filed Under Credit
irobot10 asked:
I missed two consecutive months on “one” of my consumer credit cards in 2004. I had total five credit accounts open at that time. I was out of country and this particular card’s website did not open for some reason and I could not make the payments. It can be noted that I made payments to all other cards in the same months. I had significant debt back then. So this negative entry along with the volume of other CC debt made my scroe sink very low. Now, I have a good job and have paid off every single penny of my debt. But this one bad remark in my credit file wont allow me good rates anywhere I apply. Insurance, car loan, new credit card to start afresh… everybody seems to just hang on to that one bad remark. I want to buy a house but am afraid of even going to the bank for a mortgage. Do 5 years worth of timely payments and all paid-off debts mean nothing against one missed payment?
I missed two consecutive months on “one” of my consumer credit cards in 2004. I had total five credit accounts open at that time. I was out of country and this particular card’s website did not open for some reason and I could not make the payments. It can be noted that I made payments to all other cards in the same months. I had significant debt back then. So this negative entry along with the volume of other CC debt made my scroe sink very low. Now, I have a good job and have paid off every single penny of my debt. But this one bad remark in my credit file wont allow me good rates anywhere I apply. Insurance, car loan, new credit card to start afresh… everybody seems to just hang on to that one bad remark. I want to buy a house but am afraid of even going to the bank for a mortgage. Do 5 years worth of timely payments and all paid-off debts mean nothing against one missed payment?
Could someone please help me find an answer? Thanks.
Don
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Ted
Write to them and explain why. Some will change it for you Good Luck