Posts Tagged "late payments"

When negative information will be removed from your credit report

Dear Experian,

If the account status information says the item will be moved from negative to positive on a certain date, what determines when and why that happens?


Allowing late mortgage payments for short sale

Dear Experian,

If I’m planning to do a short sale but have not yet gone behind on monthly payments, is there any advantage to not going behind on payments? In other words, does your credit get damaged exponentially in that scenario? If it doesn’t really matter, then wouldn’t it be wiser to just stop payments now and save the money?


Account reported for first time shows it is 90 days late

Account reported for first time shows it is 90 days late

Dear Experian,

In what instance does a credit profile reflect a 90 day late when it never reflected a 30 or 60 day late? Is it possible to just be 90 days delinquent without first being 30 or 60?


Student loan delinquencies are reported in the same way as other accounts

Dear Experian,

Can you tell me how long late payments on a student loan are reported on my credit report?


Impact of missing one mortgage payment

Dear Experian,

I admit I was late on one mortgage payment in 30 years, and my credit dropped 52 points. Is that normal for the credit industry, and am I stuck with that for seven years on my credit? Is a dispute allowed on this or not?


Late payment history will remain for a time after debt is paid

Dear Experian,

After I pay off the negative items on my credit are lenders able to see that I once had negative items?


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