Thursday, January 03, 2008

How do I get 30 day late payments on my car loan off my credit report

Is there a way to get rid of the 30 day late payments on my credit report? I was reviewing my credit report like you said and I do not think I was as late on my car payments as the car company is saying. I even printed out my payment history with them and it is not clearly evident that I was late nor on time. Do you have any suggestions?
---------------------
car loans and home loans are the hardest thinsg to get off my credit report AFTER.
While im in active, 30 days, 60 days, 90 days late after, most installment loan company will make a change.
if i have recipts or bank statements contradicting my credit report

it sounds like you have already tried this and it did not work.
so i doubt very seriously that you will be able to get these removed.
the best thing to do about this it to get it all 2 years or more behind you and keep good rated, reported credit going.
if you keep good credit open, when 2 years pass the 30 day late marks will have little or no effect on your credit rating

credit is real and sometimes it is best to learn and go on.
you can dispute these items with a free dispute, but ou have already called them directly. So the chance of anything different happening is very slim

on other suggestion would be to pay the loan off as quick as possible.
the quicker you can start the date of last activity on that account the quicker the account will be gone off your report.
as it stands your report will continue to show you were 30 days late for seven years after you pay off the account in full.

1 comment:

Anonymous said...

I am thinking of paying off some outstanding debts that are listed on my credit report. I know this is a good thing to do but I am a bit hesitant in paying because I need to know that paying off the items will raise my credit score. I don't owe much, they total less than $2000.

Do you think that paying off these debts would raise my credit score? If so, by how much? I am not sure of my current credit score but a year ago it was 527 (from experian). Below are the details.

Secured C. Card - $350 (past due)

Unsecured C. Card - $550 (charged off and listed twice, once by the creditor and again by the collection agency)

Cell phone bill - $500
********************************
In addition, I have two more negative items on my report that I have made payments on.

Unsecured C. Card - $500 (chargeoff - I paid in settlement and is listed this way on report. Due to drop off in 2009)

Cnty. Clerk Judgment - $4200 (last payment due will be on Jan. 31st, won't drop off until 2013)

*I understand the importance of paying but do not want to put myself in a financial strain at this time if making the payments will do nothing for my credit score.
*********************************
I have four additional accounts, all of which are in good standing. (car note, Gym Membership, 2 C. cards)

Thank you for your advice.