Three Effective Techniques that Will Help You Get Rid of the Late Payment Records on Your Credit Report

Removing a late payment entry from your credit report, especially if you do not have several late payment markings on the same credit account, is not that difficult. You can always negotiate your way into the removal of the late payment record on your credit report. Here are three different methods which you can conveniently do to eliminate those late payment marks from your credit report:

1. Ask a goodwill adjustment from your first creditor.

One of the simplest techniques to get rid of late payment from your credit account is to ask your original lender for a goodwill adjustment. Goodwill adjustment is a practice of modifying your credit record from "late" to "current." Asking for a goodwill adjustment from your loaners is rather easy if your payment records prior to the late payment are all in all acceptable.

2. Negotiate a late payment removal by signing up for automatic payment service.

Another method you can use to remove that late payment entry from that credit report is to sign-up for automatic payment services. Several loaners will help you erase all the bad records on your credit report only if you employ their automatic payment service. The bargain is actually advantageous to both: the creditor will receive your payments on time and you will complete your fiscal responsibilities on schedule.

3. Submit a claim contending that the late payment marking is inaccurate.

Disputing the imprecision of the entries on your credit record is also a great means to eliminate the late payment entry on your credit report. Lenders, because of the large number of credit records they manage every day, have the tendency to experience a difficult time validating the details on your credit report. If the loaners fail to certify the exactness of the late payment record, then that negative mark in your credit record will be deleted.



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