Late payments can be a huge deal, and they count significantly toward your credit score calculation. But, truth be told, it’s really not that difficult to get late payments removed. Here are three effective methods you can use to get them removed.
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1. Request a Goodwill Adjustment from the original creditor to remove the late payment
The idea is simple and it works incredibly well. Many times creditors are happy to grant “goodwill adjustments” if your previous payment history is relatively good and you have established a good relationship with the creditor. This is probably the easiest and surest way to get a late payment removed from your credit report. The process involves writing the creditor a letter explaining your situation (why you were late) and asking that they “forgive” the late payment and adjust your credit report accordingly.
2. Negotiate removal by offering to sign up for automatic payments.
I have never actually tried this method myself, but from what I understand creditors frequently offer to remove late payment entries if you, in exchange, agree to sign up for automatic payments. I really like this idea because it works out well for both parties: the creditor can ensure future payments will be made on time, and you don’t have to ever worry about missing another payment.
3. Dispute the late payment as inaccurate
While I certainly do not advocate lying (that is, claiming an entry is inaccurate when you know it’s not), if you find ANY inaccuracies on the late payment entry (dates, amounts, etc), you can dispute the late payment as inaccurate.
Sometimes creditors have a difficult time verifying the exact details of your account history. Therefore, if you dispute the late payment and they are unable (or simply don’t bother) to verify it, the negative entry will be removed. This is also a great technique on how to remove collections from credit report.
4. Have a professional remove the late payment
Lastly, if you’re the type of person who would rather have a professional handle it and just be done with the whole thing, I suggest you call me and my professionals today. We’ll take care of you. Give us a call at 1-888-708-9171 or Get Started Now.