Posts Tagged "late payment"

Student loans reported by individual enrollment period

Dear Experian,

I have an account number that was reported late for student loans. I did not realize the amount due had changed, so I continued to send the old payment amount. Once I knew I was behind, I contacted the lender and told them how I planned to get caught up. I followed through with plan and am trying to get the negative information removed because it has ruined my good credit. Each part of the loan account was reported as delinquent separately, so now my report shows seven late payments, even though I only paid the wrong amount one time. This does not seem right.


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?


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?


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?


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?


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?


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?


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?


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