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How to remove late pay and get a fixed credit report

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Theresa

Joined: 11 Nov 2008
Theresa's page
Posts: 7

479 Magic Points

Subject: How to remove late pay and get a fixed credit report

Tue Nov 11, 2008 3:38 am

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: 3927

10 Magic Points

Tue Nov 11, 2008 3:42 am

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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Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17396 Magic Points

Tue Nov 11, 2008 11:08 am

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 !!

scott

Joined: 28 Jun 2006
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Posts: 446

10878 Magic Points

Tue Nov 11, 2008 11:17 am

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.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Wed Nov 12, 2008 2:37 am

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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for all the ways I make $$ online
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Maxlene
Guest

Subject: When/how often are reports updated?

Mon Feb 23, 2009 4:49 pm

Is there a specific time annually when credit scores are reviewed and updated? When could I expect to see a change in my scoree.

scott

Joined: 28 Jun 2006
scott's page
Posts: 446

10878 Magic Points

Tue Feb 24, 2009 11:01 am

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.

Pat
Guest

Subject: closed

Sun Jul 12, 2009 4:31 am

does your fico score improve when you pay the accounts that have been closed?

P
Guest

Subject: Mortgage Payments

Tue Mar 09, 2010 3:09 pm

I have six (6) Mortgages that have gotten behind due to reduced rental income. I have maintained half payments and in some cases, have missed some months all together. We used to have a credit rating of 830 range and I dread to think what is it now. My question is--how does multiple late payments on investment property effect credit and how long does it take to repair?

james p
Guest

Subject: student loan

Sat Jun 18, 2011 8:29 pm

My student loan was paid off by them taking my income tax refund, so im paid in full.Its still on my credit with all the lates , how can i go about getting that off my credit . I NEED TO FINE OUT SOMETIME

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: credit

Sun Jun 19, 2011 1:22 am

James..: do you have all of the appropriate documentation stating that your student loan is completely paid off? If you do, you can send a letter to the CRA's (I would send it certified mail) and explain the situation with the proof that you have and you can request the student loan lender (talk to them on the phone) to 'update' your CR. Keep copies for yourself.

Barrentine

Joined: 20 Jun 2011
Barrentine's page
Posts: 5

27 Magic Points

Tue Jun 21, 2011 10:31 am

Late payment obviously influence the credit report however small it may be. But you can remove this if request the credit validation department and the time period is not more that 3 months.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: credit

Thu Jun 23, 2011 12:21 pm

You can also send a letter to the CRA's who are reporting the debt on your CR. Send a 'certified letter' (best to do) and ask for the debt to 'updated'. They may or may not remove it because of the late payment. However, if the loan is still on there and the 'status' shows it is Paid in Full,...that's a real advantage for you.

local808
Guest

Subject: how to delete a paid in full

Sun Aug 14, 2011 12:11 am

how can i have the collection agency delete something that already pain in full. and also i have student loan that has been paid late in 2009 but been currently paying mothly ontime. how do i have thhem delete that on my report.

thanks,

buy celexa online
Guest

Subject: Pharmacy Rocks! I mean it!

Wed Aug 24, 2011 11:57 am

Really great article with very interesting information. You might want to follow up to this topic!?! 2012

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