bblaze420 Posted February 18 Share Posted February 18 So I have a couple of credit cards with annual fees from CapOne. I don't use them and they had 0 balances. Unfortunately, I missed the annual fee payment on both of them by like 5 months. Both were reported late to the CRAs and my credit score has tanked. CapOne Closed one account with a negative balance and it won't let me pay anything. The other is still open. The only charges on these accounts were annual fees, not actual credit. What is the best way to proceed here? I would appreciate any help! Thanks. Quote Link to post Share on other sites
Admin MarvBear Posted February 18 Admin Share Posted February 18 Welcome to CreditBoards. Quote Link to post Share on other sites
cv91915 Posted February 18 Share Posted February 18 Your best bet is probably going to be reaching out to the Capital One Executive Office to see if they're willing to do anything. It's a long shot. My intent isn't to be sarcastic, but it will help if you have a plausible explanation for how you managed to ignore several consecutive statements on both of your cards. hdporter 1 Quote Link to post Share on other sites
bblaze420 Posted February 18 Author Share Posted February 18 It looks like one of the cards, they credited me the full balance, and closed the account? They said it was due to inactivity. I paid off the other card in full today, did I make a mistake in doing that? Quote Link to post Share on other sites
CTSoxFan Posted February 18 Share Posted February 18 As CV said, you don't really have any recourse here other than contacting the EO and asking for a goodwill removal of the lates. Unfortunately not much else you can do at this point. If there is another issue/inaccuracy with the reporting you can dispute on that and maybe get the tradeline removed, but that is an even longer shot. One thing you can do is set yourself up some reminder system, auto payments or something similar to ensure it doesn't happen again. Quote Link to post Share on other sites
bblaze420 Posted February 19 Author Share Posted February 19 Thanks for the replies! Good news, I gave them a call and they offered to remove the lates on my report and refund the late fees. MarvBear 1 Quote Link to post Share on other sites
centex Posted February 19 Share Posted February 19 For others coming along later...this is yet another reason why I am a big proponent of spreadsheets where you manually check each and every card AT LEAST once per month. I use the excel sheet for other pertinent data, including when certain events have taken place like a CLI or when a BT offer expires... Nobody should ever be getting surprised months after something posts...not even though who only get online statements. nemo and morehelp 1 1 Quote Link to post Share on other sites
nemo Posted February 19 Share Posted February 19 3 hours ago, centex said: For others coming along later...this is yet another reason why I am a big proponent of spreadsheets where you manually check each and every card AT LEAST once per month. I use the excel sheet for other pertinent data, including when certain events have taken place like a CLI or when a BT offer expires... Nobody should ever be getting surprised months after something posts...not even though who only get online statements. This is definitely important advice. When I check my spreadsheet and find that something needs to happen but I don't want to do it right away, I also put an entry in my calendar. Quote Link to post Share on other sites
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