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How To Remove Late Payments On Your Credit Report

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Remove Late Payments Now!!!

Late payments hurt your credit and eventually your pocket. Your creditors and the credit bureaus would like you think that once you have a late payment on your credit report, you can't get it off. That is completely false. Late payments like any other derogatory negative item on your credit report can be disputed. That's the law.

For the first time, FICO has released the exact amount a late payment can damage your credit score. One 30-day late payment can drop your score anywhere from 60 to 110 points on your credit score. JUST ONE LATE PAYMENT!!!

How One 30-Day Late Payment Affects You

all depending on your credit score

Your score goes down 60 - 90 points
Your interest on a car loan goes up 3 points
You pay $41 more a month on a mortgage loan
You pay $26 more a month on a car loan

Steps To Remove Late Payments

Step 1 - Get a copy of your credit report. You need to know who is reporting you late and with which credit bureaus.

Step 2 - Contact your creditors. Depending on your payment history in the past with your creditors, they might remove a late payment based on goodwill, but they might not.

Step 3 - Dispute the late payment with the credit bureaus. You can either do it yourself or hire a professional to remove late payments. Either way, get it done now and get it done right.

Simple as that. Don't let late payments destroy your credit. Good luck.

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raisingthebar Dec 29, 2010 @ 4:28 pm | delete

TheCreditBar is focused on credit repair strategies to help consumers correct errors in their credit reports. Our time tested formula has helped hundreds of consumers get their credit back on track.

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raisingthebar Dec 29, 2010 @ 4:26 pm | delete

Using a variety of consumer advocate laws, questionable bad credit can be disputed and removed from your credit report. TheCreditBar specializes in advanced credit repair strategies for consumers.

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howtobuildcredit Oct 4, 2010 @ 9:03 am | delete

late payments can destroy your credit,good thing you shared tips and steps on how to remove and avoid late payments..will credit this and save..

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Michael Oct 4, 2010 @ 4:07 am | delete

We need to have a perfect personal finance plan to manage our day to day expenses and to pay all our bills on time. It is all about being wise with your money and personal financial matters.

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howtobuildcredit Oct 1, 2010 @ 8:56 am | delete

Late payments is very difficult on our credit and eventually in our pocket,creditors and the credit bureaus would like you think that once we have a late payment on your credit report we will be included in a bad list,so how can we avoid this?can you give us some tips?
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by Archercredit

Archercredit

I've worked, experienced, and created in the credit repair field for over 10 years. Credit Repair
is my life. Cleaning the world's credit reports, 1 negative... more »

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