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Theresa
Joined: 11 Nov 2008
Theresa's page
Posts: 7
401 Magic Points
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Subject: How to remove late pay and get a fixed credit report
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Tue Nov 11, 2008 3:38 am
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I had( 1) 30-day late on my CR last year. During that time, I was in contact with my loan server(homeq) and I was able to catch up the very next month. I know they have the right to report it. Is there anything I can do to persuade them to remove it ?
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Tue Nov 11, 2008 3:42 am
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You could write a letter to them and plead your case, they will see your credit history with them so this may work in your favor. Give it a shot all they can say is no right? Plead, beg and plead again until they give in.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17413 Magic Points
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Tue Nov 11, 2008 11:08 am
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Hi Theresa
You cannot normally get the late payment removed from your credit report. Since you are only a month's late it will not be listed as negative in your credit report and will not affect your credit score. Only delinquent accounts, i.e, accounts where payments have not been made for a period of six months reduces the credit score. This one time late payment will only be listed in red as late payment.
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Where there's a will, there's a way !! |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Tue Nov 11, 2008 11:17 am
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Hi Theresa
You can remove this late mark if you can make your creditor agree to re-age your credit account. reaging accounts is a process by which short term problem of missed payment can be removed from your credit report. Re-aging can help you to improve your credit score. However, as far as I know, there are certain conditions which should be fulfilled for re-aging the account. Firstly the account should be at least nine months old and the loan is not re-aged within the past 1 year.
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SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Wed Nov 12, 2008 2:37 am
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How can a creditor do this, that would be great. Thank you for the information, hopefully it will help someone, they will attempt it and let us know how it works. Have you ever done this scott?
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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Maxlene
Guest
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Subject: When/how often are reports updated?
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Mon Feb 23, 2009 4:49 pm
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| Is there a specific time annually when credit scores are reviewed and updated? When could I expect to see a change in my scoree. |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Tue Feb 24, 2009 11:01 am
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Hi Max
There is no specific time when the credit score gets updated. It is a continuous process and depends upon the items listed in your credit report. Whenever any negative item gets removed from your report, you credit score improves. So you can expect an increase in your score if you can remove any negatives from your report through pay for deletion agreements or remove unauthorized listings. |
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Pat
Guest
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Subject: closed
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Sun Jul 12, 2009 4:31 am
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| does your fico score improve when you pay the accounts that have been closed? |
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