Remove Late Payments From Your Credit Report Using Three Different Ways

Removing a late payment entry from your credit report, especially if you do not have several late payment markings on the same credit account, is not so hard. You can always talk your way into the removal of the late payment record on your credit report. Here are three different methods you can  do to erase the late payment marks from your credit report:

1. Ask a goodwill adjustment from your first lender.

One of the simplest techniques to erase a late payment from your credit account is to ask your original loaner for a goodwill adjustment. Goodwill adjustment is a practice of altering your credit report entry from "late" to "current." Requesting goodwill adjustments from your lenders is easier if your payment records prior to the late payment are relatively acceptable.

2. Arrange a removal by rendering of the automatic payment service.

Another technique that you can use to delete that late payment record from your credit account is to sign-up for automatic payments. Many lenders will help you erase the late payment markings on your credit report only if you promise to use their automatic payment service. The deal is actually advantageous to both parties: the lender will get your payments on time and you will accomplish your financial responsibilities on schedule.

3. Pass a formal claim stating that the late payment entry is actually inaccurate.

Refuting the imprecision of the entries on your credit record is another helpful technique to eliminate the late payment record on your credit report. Creditors, due mainly to the huge amount of credit records they manage every day, have the tendency to have difficulty verifying the entries on your credit record. If the lenders fail to validate the exactness of the late payment record, then that negative marking in your credit report will be removed.


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