Screwed up my credit.. how long will it take to recover

  • Thread starter Deleted member 4644
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Deleted member 4644

I have had several 30 days past due issues in the last few months on different cards. I have now paid all the balances.

How long (months years) will it take to undo any damage?

Update: got a credit score.. only one of the 4 lates is showing up. Hit my credit by about 7-80 pts.
 
SoulAssassin

SoulAssassin

Diamond Member
Feb 1, 2001
6,135
2
0
It will be out there for 7-10 years but assuming this is your first offense and you continue to make all of your payments your FICO will be nearly back to normal in a year or so. It's very, very important not to let it happen again.
 
Baked

Baked

Lifer
Dec 28, 2004
36,052
17
81
Prepared to get ass raped by collection agency for the rest of your life.
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Originally posted by: Deleted member 4644
I have had several 30 days past due issues in the last few months on different cards. I have now paid all the balances.

How long (months years) will it take to undo any damage?
Click to expand...

buy your credit score from my fico.com

and why do u need credit score? u already have credit cards.

going to buy/refi a house?
buy a car? (if u cant pay cash, dont buy it)
 
Q

QED

Diamond Member
Dec 16, 2005
3,428
3
0
I've been out of the credit-report scene for a few years now, but generally a few 30-day lates is not a huge deal-- especially
if they all occurred during the same time period.

They hurt you plenty your first year after their appearance, but their significance quickly fades after the second year.

They should fall off of your credit report completely in 7 years.
 
Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
The 30 day lates will show on your credit report for 7 years, but will only count against your credit score for 2 years, provided you keep a clean payment history.
 
E

E equals MC2

Banned
Apr 16, 2006
2,676
1
0
Check with your CC. They don't immediately mess your credit on first 30+ days delinquency.

I think after about 60-90 days, they report. Call up and ask.
 
V

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Hit up creditboards, since you've already paid the balances (and presumably re-established a good relationship with the involved creditors) you might be able to sweet talk them into deleting them.

Look for "goodwill letter." If you have any left unpaid look for "PFD" (pay for delete). It never hurts to ask.

Viper GTS
 
rh71

rh71

No Lifer
Aug 28, 2001
52,844
1,049
126
Originally posted by: Vic
The 30 day lates will show on your credit report for 7 years, but will only count against your credit score for 2 years, provided you keep a clean payment history.
Click to expand...

Is this still true if you call them up and ask for a break on the late charges and they say ok? I've been a day or two late a couple times in my life because I do things manually and sometimes screw up... but I always assumed they just scratched it from your record completely as if it never happened, rather than just the charges.
 
V

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Originally posted by: rh71
Originally posted by: Vic
The 30 day lates will show on your credit report for 7 years, but will only count against your credit score for 2 years, provided you keep a clean payment history.
Click to expand...

Is this still true if you call them up and ask for a break on the late charges and they say ok? I've been a day or two late a couple times in my life because I do things manually and sometimes screw up... but I always assumed they just scratched it from your record completely.
Click to expand...

If you were over 30 days late they still have the option of reporting. The late fees are an entirely separate issue.

The big thing here is don't go over 30 days. Up until then they can't touch you (aside from ratejacking + fees).

Viper GTS
 
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