Credit bureaus and the original creditors have the power to remove late payments. You can contact the original creditor that posted the late payment and ask for them to remove it. They will probably only do this if you have had a good payment history with them. You can also send dispute letters to each of the credit bureaus asking for verification on your negative listings. You can do this yourself or hire credit repair company to do it for you.
AnswerLate payments can only be removed by the creditor who placed them on there or the credit bureau reporting them. You can contact the creditor and based on goodwill or negotiated a payment, they will sometimes remove the late payments. You can ask for verification from the credit bureaus on them and if they aren't verified with in 30 days, they must be removed from your credit report.
There are NO acceptable excuses.
They can, but they don't have to. They usually will if you have had a good payment history with them in the past. If you have been late a lot, you can try to negotiate to pay off the debt to remove the late payments.You can also try and dispute the late payments to the credit bureaus. If they don't verify it with in 30 to 45 days, the late payments must be removed.
Yes, your payment history will still be a part of your credit report as well as the Chapter 7.
After your account has reached 60 days past due. After your account has reached 60 days past due.
Yes, you can increase your credit score by removing late payments from your credit report. You can either contact the creditor that placed the late payments and ask on good faith to have them removed. Some creditors will remove them if it is a one time occurrence, but most won't. You can also dispute the late payments to the credit bureaus. Depending on how old the are and how severe, they can come off your credit report. This will most likely remove the whole account thought, but 1 late payments is worse than all the good credit you can get from a good payment history.
Your creditor and the credit bureau are the only ones that can remove late payments. Try contacting your creditor and see if they will do it under goodwill, they sometimes will. You can also dispute it to the credit bureaus and see if they will remove it that way.
AnswerLate payments can only be removed by the creditor who placed them on there or the credit bureau reporting them. You can contact the creditor and based on goodwill or negotiated a payment, they will sometimes remove the late payments. You can ask for verification from the credit bureaus on them and if they aren't verified with in 30 days, they must be removed from your credit report.
yes
Yes late payments can come off your credit report. They can be removed by either the original creditor that put it on there or by the credit bureaus. You can dispute late payments on your credit report with the credit bureaus using the Fair Credit Reporting Act. The FCRA requires the credit bureaus to contact the creditors to verify the late payment. If the late payment isn't verified it must be removed.
Answeryou dont. after seven years, since last activity, the cr. companies will automatically remove the creditor and associated account number. keep in mind that after 6 to 9 mos of no activity on the credit account that creditor will not be part of your credit score but the late payments will still be seen by credit granters.You can remove late payments from your credit report by disputing them to the credit bureaus. Under the Fair Credit Reporting Act, every consumer can dispute any item on their credit report that they believe to erroneous or inaccurate. You may also try and contact your creditors, they have the ability to remove your late payments, but usually won't unless you have a good payment history or will pay off the debt.
There are NO acceptable excuses.
Not in UK
Yes, it does show up on that persons credit report. If you are late on payments, it will negatively impact his/her credit report.
The bank and the credit bureaus are the only ones that could remove the late payments. If the bank waived the late payments, they will probably remove them from your credit as well. You will need to contact them to negotiate that. Otherwise you will have to dispute them to the credit bureaus. They will have 30 days to verify them or they must be removed.
Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.
No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.