How to Get a Creditor to Remove a Late Payment

How to Get a Creditor to Remove a Late Payment

Late payments count toward your overall credit score, and they can hurt you even after they have been settled. That might not seem fair, but it is the truth of the matter. To be sure that late payments can no longer harm your score, in other words, they need to be removed. Removing a late payment can be a bit tricky, but professional creditors understand how to do so. Let’s look at the steps to take to get a creditor to remove a late payment from your credit history.

Do Late Payments Always Stay on Your Credit Report?

Late payments typically remain on your credit report for seven years. While they remain on your credit report, late payments can hurt your chances of getting loans. They can increase your interest rates, too. Getting rid of late payments, on the other hand, can help you boost your credit. It is essential that you monitor your report to ensure they are removed on time.

How to Remove Late Payments

Removing late payments will require a bit of craft and persistence, but it is entirely possible. Take a close look at the tips offered here and follow the one that best suits your situation. If all of them apply, that’s okay, too! In that case, follow all of them carefully and keep track of the steps you take. Remember that you want to keep monitoring your credit score to ensure the late payments have been removed.

Automatic Payments

It is possible to negotiate the removal of late payments by signing up for electronic payments on the account. This is a method that is beneficial to all parties involved. The company is guaranteed their payment and the offer shows goodwill on your behalf to stay on top of things. This is the most straightforward approach and should work so long as your relationship with the lender has not soured.

Goodwill Adjustments

Speaking of having a good relationship with the lender, a goodwill adjustment is another option. Removing late payments this way requires that you prove to the lender that your payment history is generally in good standing. Showing that you have only had a few slip-ups and writing a goodwill letter to the lender can help.

Point Out Inaccuracies

Look over your credit report and ensure there are no inaccuracies on it. Should you find any errors on your report, you must dispute them. The process can be lengthy, but if you stick to your guns, the late payment will be removed. Contact your creditor and inform them of any inaccuracies right away. The more informed you are regarding these matters, the better off you will be in the end.

Persevere

Now you have a better idea how to get a creditor to remove a late payment from your credit history. The process can take some time, but it’s worth the effort. In no time, you will find yourself in a better position than where you started. Stay focused and review your reports often to stay on top of any changes.


For more information about how to get a creditor to remove a late payment, contact Go Clean Credit to get back on the right track. We have various different credit repair programs that are offered to help you overcome your unique credit situation. Real credit restoration is not a one size fits all model and we tailor your needs to the right program, but most people can start for just $99 per month.

Help is just a free phone call away or you can fill out an appointment request. Contact Go Clean Credit to schedule a free consultation today!

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