Thursday, December 8, 2011

Can my credit card go back into positive status sooner?

In 2007 I had a 30 day overdue payment on my first credit card. I have not messed up since, but it is not scheduled to go back into positive status until 2014. I think that is a little harsh. Is there a way to get them to put it into positive status sooner than that?|||Negative information stays on your credit report for 7 years. You can't change that. However, its impact on your credit score diminishes as time goes by especially if your history's been good ever since. Missed credit card payments happen. You can't make yourself crazy over it.|||the further you get away from the negative information the less weight it carries. a 30 day on a CC 2 + years ago is a completely different beast from one that just happened. I wouldn't lose any sleep over a 2 year old CC 30 day.|||I agree with Al. If it is over 2 years old then it has a minimal impact on your score. Lenders who personally review your credit report will still view it as a negative. Have you contacted the issuing bank and asked them politely to remove the late payment. If you are a good customer they will sometimes work with you.|||It will stay on your credit record for about 7 1/2 years - you can't "delete" it. But as time goes on, it affects your credit score less and less. Just keep making your payments on time.

No comments:

Post a Comment