Having a late payment removed from my credit repair.

Posted by admin on September 11th, 2008 at 12:00am

Question:
Is there a way to have a late payment removed from my credit report?I have 2 payments to my lender that were 31 days late (30+ gets reported). I have tried talking to managers on the phone, inscription a professional letter, and offering to guarantee that I refinance my loan with them when my interest rate fixed period ends in a year, and they simply refuse to help me. I am trying to get a home equity line of credit to do some home repairs, and I am judgment it nealy impossible to do so with 2 recent mortgage lates. My LTV of over 90% doesn’t help things, but if I could get those 2 lates removed, I’d qualify for loans that go up to 100% LTV. If anyone has any ideas or suggestions as to what I can do to try and get those lates removed, I’d greatly be glad about it. Thank you, in advance, very much for your time.

Answer:
-Is there a way to have a late payment removed from my credit report?I have 2 payments to my lender that were 31 days late (30+ gets re!
ported). I have tried talking to managers on the phone, writing a professional letter, and offering to guarantee that I refinance my loan with them when my interest rate fixed period ends in a year, and they simply refuse to help me. I am trying to get a home equity line of credit to do some home repairs, and I am finding it nealy impossible to do so with 2 recent advance lates. My LTV of over 90% doesn’t help things, but if I could get those 2 lates removed, I’d qualify for loans that go up to 100% LTV. If anyone has any ideas or suggestions as to what I can do to try and get those lates removed, I’d greatly appreciate it. Thank you, in advance, very to a great extent for your time.

-Since you were late –then the Fair Credit Reporting Act will not help you. Take your medicine. Sorry. Yes you can dispute the reporting but if the lender responds then you will not get it removed. You are now perhaps a sub-prime borrower.

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