Three Easy Methods to Get a Late Payment Removed From Your Credit Report

Removing a late payment entry from your credit report, most especially if you do not have several late payment markings on the same credit account, is not that hard. You can always negotiate your way into the removal of the late payment record on your credit report. Here are three different ways that you can actually do to get rid of those late payment marks from your credit report:

1. Ask a goodwill adjustment from the original loaner.

One of the easiest techniques to get rid of late payment from your credit account record is to ask your original loaner for a goodwill adjustment. Goodwill adjustment is a practice of altering your credit record from "late" to "current." Requesting goodwill adjustments from the creditors is much easier if your payment records prior to the late payment are quite acceptable.

2. Negotiate a removal by availing of the automatic payment services.

Another method you can use to delete that late payment entry from your credit report is to sign-up for automatic payment services. Some creditors will help you get rid of the negative entries on your credit account only if you support their automatic payment service. The arrangement is advantageous to both parties: the loaner will obtain your payments on time and you will complete your financial duties on schedule.

3. Pass a lien contending that the late payment record is, in fact, inexact.

Questioning the inaccuracy of the details of your credit history is another useful means to wipe off the late payment entry on credit account record. Creditors, because of the vast amount of accounts they deal with every single day, have the tendency to have difficulty justifying the details on your credit report. If ever the creditors fail to prove the preciseness of the late payment record, then that poor marking in your credit record will be deleted.


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