nicole baker
Member
Hi, since there are many queries regarding removing late payments from credit reports, here’s what I have gathered from going back and forth with credit attorneys (you’re welcome). So basically, it is possible to get them removed in the following cases:
If a late payment has been listed on your credit report, even though you made the payment on time (there appears to have been an error during processing by the creditor). You have the right to dispute inaccurate information on your credit report. Here's what you can do:
Gather Proof: Collect documentation like bank statements, payment confirmations, or canceled checks that verify your on-time payment.
Dispute the Error: File a dispute online with each credit bureau (Experian, Equifax, TransUnion) that shows the late payment. Include copies of your proof of payment.
Creditor Response: Most creditors have established procedures for handling disputes. They will investigate and report back to the credit bureaus.
A goodwill letter explaining the situation and providing proof of payment was successful. This is a potential solution (but not guaranteed). The creditor acknowledges the error and agrees to remove the late payment from your credit report.
Goodwill letters are a hit or miss, if I am being honest. But persistent effort will probably land you somewhere. Try emailing the executives. It just takes a kind soul.
By following these steps and referencing resources like the Fair Credit Reporting Act (FCRA) (https://www.ftc.gov/business-guidance/privacy-security/credit-reporting), you can take control of your credit report and improve your credit score.
If a late payment has been listed on your credit report, even though you made the payment on time (there appears to have been an error during processing by the creditor). You have the right to dispute inaccurate information on your credit report. Here's what you can do:
Gather Proof: Collect documentation like bank statements, payment confirmations, or canceled checks that verify your on-time payment.
Dispute the Error: File a dispute online with each credit bureau (Experian, Equifax, TransUnion) that shows the late payment. Include copies of your proof of payment.
Creditor Response: Most creditors have established procedures for handling disputes. They will investigate and report back to the credit bureaus.
A goodwill letter explaining the situation and providing proof of payment was successful. This is a potential solution (but not guaranteed). The creditor acknowledges the error and agrees to remove the late payment from your credit report.
Goodwill letters are a hit or miss, if I am being honest. But persistent effort will probably land you somewhere. Try emailing the executives. It just takes a kind soul.
By following these steps and referencing resources like the Fair Credit Reporting Act (FCRA) (https://www.ftc.gov/business-guidance/privacy-security/credit-reporting), you can take control of your credit report and improve your credit score.