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 so hard. You can always talk your way into the removal of the late payment record on your credit report. Here are three different ways which you can actually try to get rid of those late payment marks from your credit report:

1. Ask a goodwill adjustment from your original lender.

One of the simplest methods to delete a 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 report entry from "late" to "current." Asking for goodwill adjustments from your lenders is much easier if your payment records prior to the late payment are considerably satisfactory.

2. Bargain a removal by availing of the automatic payment service.

Another technique that you can use to remove that late payment mark from that credit account is to register for automatic payments. Many lenders will help you get rid of the bad entries on your credit account only if you support their automatic payment service. The compromise is advantageous to both parties: the lender will obtain your credit payments on time and you will complete your financial duties on schedule.

3. Raise a formal charge stating that the late payment marking is inaccurate.

Disputing the imprecision of the details of your credit history is also a helpful way to remove the late payment mark on your credit account. Lenders, due to the overwhelming number of accounts they handle every day, have the tendency to experience a difficult time verifying the entries on your credit record. If ever the lenders fail to verify the accuracy of the late payment record, then that poor mark in your credit report will be deleted.


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