So I dropped my skids to sand the horrible rust off from the wonderful Chicago winter (which is about to drop another 2-4 inches of snow tonight) and repaint and the hex screw that goes here was stripped: (I am aware that the screw is supposed to go through the steel but my brother didn't know that when he was helping and it's fixed now

)
So, since it is stripped on the other side, I wasn't able to put the steel piece in. Do you think that's bad? is there any way I can get the screw to work?
Hopefully this makes sense; if not I will do my best to clarify!
Thanks!
