How Do You Erase Late Payment History On Credit Report?
If you pay your bills late, your credit will suffer– that much is common knowledge. Most companies don’t report you to credit agencies until after your bills are 30 days past due. However, a single 90-day late payment can be as damaging as filing bankruptcy, a tax lien, a collection, or a repossession. It doesn’t matter whether the bill was for $100 or $10,000. So if you’ve had even a single late payment, it is important that you get this removed from your record immediately. Contact your creditor. If you’ve only had a few missed payments, they will oftentimes remove them with a phone call and a follow-up written request. Ask them for a “Goodwill Adjustment.” It is common practice to do this for good customers that only have a few missed payments. Paying on time makes up 35% of your overall credit score, so don’t overlook its importance. Contact the credit bureaus. In general, a 30 to 60-day late payment is acceptable and will be removed. It is when payments go past 90 days that thing
