Warning: ob_start(): non-static method sem_seo::ob_google_filter() should not be called statically in /home/creditrepairzoom/public_html/wp-content/plugins/sem-seo/sem-seo.php on line 540
Credit Repair

How to Remove Late Payments from Credit Report

When you have late payments on your credit report, they can seriously affect your credit score. Late payments can drive down your score and make it more difficult for you to obtain credit in the future. Fortunately, if you only have a few late payments with a certain creditor, there are ways to get these bad marks removed from your credit report. The first step is to obtain a copy of your credit report so that you can check for any errors or legitimate late payments. Once you know what is in your report, you have some options that can help you get late payments removed so that they do not affect your credit score. Here are a few ways to help you improve your credit by getting late payments removed.

If the Late Payment is Inaccurate, File a Dispute

When you examine your credit report, it is very important to dispute any inaccuracies that you find. The first step is to contact the credit reporting company in writing and let them know about the inaccurate information. Include any copies of documents that you have to prove that the late payment on your credit report is inaccurate. Next, contact the creditor in writing to tell them that you have disputed the late payment in question. If the credit reporting agency determines that you are right about the inaccurate item, the late payment will be removed and the creditor may not report it again.

Have a Credit Repair Specialist Handle the Paperwork

Unfortunately, credit repair for late payments can be a headache.  Why?  The dispute process.  As detailed above, there is a fair bit of documentation and correspondence to handle.  You can try to handle it yourself, but increasingly consumers are choosing to work with credit repair professionals to contact creditors, validate debts, and manage the dispute process.  The prices are typically quite reasonable, and clients should not be charged until work on their credit report has begun.  Complete our contact form to speak with a credit repair professional who can analyze your report for erroneous late payments and other issues that could be bringing down your credit.

Sign up for Automatic Payments to Negotiate With Your Creditor

A creditor may be willing to negotiate with you about a late payment mark on your credit report if they can expect that your payments will be on time in the future. Call your creditor and offer to sign up for automatic payments that will be withdrawn from your checking account each month. Ask if the creditor will have your previous late payment removed from your credit report in exchange for your commitment to make your future payments regularly and on time. The creditor may choose to remove previous data in light of your new commitment to making your payment on time each month.

Ask For a a Goodwill Adjustment

If you have good credit, you have far more negotiating power with your creditor than someone with a history of late payments. Accidents can happen, and even people with excellent credit can forget to write a check or mail a bill on time occasionally. Use your positive credit history as a negotiating tool can help you get a single late payment removed from your credit report. Simply send a letter to your creditor expressing your concern about the mark on your credit and ask for a goodwill adjustment. Be sure to explain in the letter why your payment was late in the first place. If the creditor does choose to remove the negative item from your credit report, make sure to continue making payments on time in the future.