Late payments are not created equal; a 90 day and 120 day late pay will cause your score to be dramatically lowered. However with a 30 day or 60 day late pay it will cause very minimal damage to your score.
You can remove a 30 and 60 day late pay from your report by contacting the lender and asking them to erase it. Frequently they will do this in order to keep you as a customer and in their good graces.
We suggest a phone call and sending them a written letter with a brief explanation as to what happened. Additionally it will go a long way if you are polite and respectful during your communications.
A 90 or 120 day mark is much harder to erase. If you account is still open, we suggest you contact the lender.
Make sure your account is up to date before you ask them to remove the mark. Lenders will often make this decision based upon your payment history.
If the lender is not willing to remove the mark we suggest that you dispute it with the bureaus. You can do this be writing a dispute letter and sending it to each bureau or you can hire a service to do this for you.
This mark will stay on your report for a maximum of seven years. Additionally your account will go to collections after 180 days or six months of delinquency.
The lender can remove a late pay from your report because they report regularly to the bureaus. All they have to do is not report the late payment the next time they report to the bureaus, typically monthly.
You will find it very difficult to have the lender erase this mark if your account is not up to date. Additionally there is information that claims negative items on your credit must stay there for seven years.
This is false, seven years is the maximum amount of time most negative items can remain on your report. The Fair Credit Reporting Act passed by Congress made this law. There is no minimum amount of time a negative item has to be on your report.
In sum the first step is contacting the lender, if you still have the account, and then if that is unsuccessful dispute it directly with the bureaus. - 15790
You can remove a 30 and 60 day late pay from your report by contacting the lender and asking them to erase it. Frequently they will do this in order to keep you as a customer and in their good graces.
We suggest a phone call and sending them a written letter with a brief explanation as to what happened. Additionally it will go a long way if you are polite and respectful during your communications.
A 90 or 120 day mark is much harder to erase. If you account is still open, we suggest you contact the lender.
Make sure your account is up to date before you ask them to remove the mark. Lenders will often make this decision based upon your payment history.
If the lender is not willing to remove the mark we suggest that you dispute it with the bureaus. You can do this be writing a dispute letter and sending it to each bureau or you can hire a service to do this for you.
This mark will stay on your report for a maximum of seven years. Additionally your account will go to collections after 180 days or six months of delinquency.
The lender can remove a late pay from your report because they report regularly to the bureaus. All they have to do is not report the late payment the next time they report to the bureaus, typically monthly.
You will find it very difficult to have the lender erase this mark if your account is not up to date. Additionally there is information that claims negative items on your credit must stay there for seven years.
This is false, seven years is the maximum amount of time most negative items can remain on your report. The Fair Credit Reporting Act passed by Congress made this law. There is no minimum amount of time a negative item has to be on your report.
In sum the first step is contacting the lender, if you still have the account, and then if that is unsuccessful dispute it directly with the bureaus. - 15790
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Visit us for a free credit repair letter used to dispute the bureaus or to read an article about How to Build Credit additionally you can get a free credit repair consultation by calling 1-866-246-7311.