Posts Tagged ‘ late payment ’

Recent late payments hurt credit scores the most

Dear Experian, Why has my credit score dropped 42 points? There is a late payment on one of my cards which has since been brought current, and four of my accounts have been paid off and have a "0" balance. Why doesn’t my score increase as quickly when I pay off accounts as it does when I miss a payment? - KRS

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An account update by your creditor will not change when it is deleted

Dear Experian, If a negative item is past seven years on my report and the creditor updates it, will it ever come off my report? - JCP

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Day late payment probably won’t show on credit report

Dear Experian, I mailed one payment late because I forgot about it, and when I remembered it was one day late. How bad will that look? - XOB

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Creditors not required to notify you before reporting delinquency

Dear Experian, Do creditors have any obligation to notify you directly of an impending report of a late payment other than a monthly statement? - BNF

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Settled or charged off accounts in your credit report are “potentially negative”

Dear Experian, If an account is paid off/closed, settled, or charged off, why would it still be showing as potentially negative? Is there any way to get these removed so they no longer affect me negatively? - JNG

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Impact on credit scores of missed payments, mortgage modification

Dear Experian, I'm considering entering into a six month reduced payment plan with my mortgage lender. I understand this will have a negative impact on my credit. Will this have a worse impact than being 30 days late on my mortgage payment? - STS

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Late payments not deleted immediately after account is paid off

Dear Experian, I have paid off an account that previously had a late payment mark on my record. Is there any possible way to remove the negative mark on my credit scores, now that the account has been paid off? - ALT

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