To begin the dispute process, you will first need to request your credit report. Creditors must verify the information and remove inaccurate information from your credit report within 30 days. The Fair Credit Reporting Act (FCRA) allows you to challenge any inaccurate information regarding the late payment on your credit report. If the first two options aren’t successfully getting your late payment removed, it’s time to file a credit dispute directly with the credit bureau. Like requesting a goodwill adjustment, this is also ideal for longer-term customers. It also helps if you’ve overcome whatever financial hurdle held you back from making your monthly payment in the past. ![]() You’ll have better luck negotiating this deal if you can show that you’re financially able to make your payments. This plan works well if you’ve had trouble making payments in the past but aren’t significantly delinquent on your account. In some instances, a creditor may agree to delete a late payment from your credit reports if you agree to sign up for automatic payments. Many people succeed with this method because creditors don’t want to risk losing your account because of a single disagreement. Include your personal story in the goodwill letter so that the customer service representative reading your letter understands why this would be helpful. They can remove a late payment from your credit report under the right circumstances.ĭid you have an unexpected expense arise last month that made you late? Are you trying to perfect your credit score so you can get a mortgage or an auto loan? Credit card companies have some flexibility when it comes to reporting late payments. To do this, write a goodwill letter to the credit card issuer or lender and explain your situation. This is an ideal option if you generally have a good payment history with your creditor and have been a customer for a while.īy requesting a goodwill adjustment, you can ask the creditor to remove the late payment from your credit reports as a gesture of goodwill since you’ve otherwise been a great customer. Here is an overview of four ways you can successfully remove a late payment from your credit report. The method you should select depends on your general credit history, your relationship with the creditor, and the amount of time or money you’re willing to put towards these efforts. It’s actually quite easy if you do it correctly, and you can choose from a few different options. Late payments can be deleted or updated to “never late” on your credit report. How to Remove Late Payments From Your Credit Report Multiple missed payments can lead to additional notices, account closure, and even debt being sent to a collection agency.
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