I have a actual late payment on my credit card account, How can it be removed from my credit history ?

Question

I have a Kohls credit card where 2 payments were made late last year. I have closed the card since. Now I am trying to buy a house and those late payments are bringing the credit score down. I have 5-7 days before I sign the contract. Any sure shot ways to make sure this is taken out of the credit history before I apply for the loan hence raising my credit score to a level where I can get a good rate. Right now the credit score is at 661 and the simulation shows that if i somehow get the kohls taken care off it will bump up by credit score by 70+ points. Any help would be really appreciated, but no offense I want to know tried, tested and fast way to get this done.
Cheers,

Answer 1

As Echo states, any attempt to use the dispute process will not get it off in a week.

You need to understand how Credit Reporting Agencies work. Their business is to gather credit information, and sell it to other businesses.

Creditors can post whatever they want to your credit report, as long as it's "fair and accurate". CRA's must delete this if it's shown to be innacurate. Otherwise, it's nearly impossible to delete the info.

However, they must edit or delete any information if the creditor tells them to edit/delete it. So the trick is to figure out how to get the creditor to do it.

In cases of an unpaid bill, you can negotiate to pay the bill in exchange for having your credit report fixed.

In your case, the account is closed. Kohl's couldn't care less about you at this point.

There are a few of the sleezier "credit repair" companies that would offer the creditor a payment in exchange to delete the report. OK, call it a bribe. But in Kohl's case, I don't know who you would contact to do it. The employee could most likely get into some trouble. But that's how the game is played.

At this point that may be your only method to remove it in such a short time, let along at all!

Answer 2

As another poster said, you could dispute the lates. BUT, since it's a closed account, you run the risk of losing the whole tradeline. If you have had that account for awhile, the loss would be "much" greater than just having the lates.

And, if you use a paid report from each of the credit bureaus, they have 30+5 days to finish their investigation. (the 5 days is for mailing time) If you use a free FACT-Act report, they have 45+5 days to finish the investigaton.

Soooo, you can try and dispute. You may get lucky and they would remove the lates, but the odds are they either won't or they will delete the TL (which will hurt more). Plus, they have a month to do that, so it probably won't do you any good in the next 5-7 days anyway.

Answer 3

I cant help you to remove your credit history but I can introduce u a good way to make money. If you can pay your house by 50% deposit your credit history will be ignored by the seller. Go for the internet business, which requires less of your time and the one that will not make you feel headache with web designing, or which require IT knowledge. Second, choose the internet based company which offer you the opportunity and at the same time giving you the convenience to start the business. Third, choose the business, which does not require big money to start it.

All the above is only available from: http://www.website.ws/powercontrol
Honestly, I tried so many opportunities offered through the internet and this is the only one that really works.
PLEASE NOTE: You only will understand the whole marketing concept if you read every details & the trial period is FREE!
Remember, You CAN'T guarantee whether you will get many fish or not by spreading your net into the sea, but u CAN guarantee that there is no fish at all if you never spread your net into the sea.

http://www.website.ws/powercontrol

Answer 4

You cannot remove bad credit from your reports. If you contest it, and they refuse, that too will show on your report.
Work with your bank. You'll notice they won't tell you what the interest rate will be if you had a score of 70+. The loan is a contract and you can negotiate with them. If they don't, go to some other bank, or at least threaten that you will.

Answer 5

Because the late payments are so close(within 3 years) that'll hurt the score, but not continue to "lower" it. Closing that card isn't good for your credit. So you can't do anything but shop around for the lowest rate you can get. Those late payments will stay on there for 7 years, fyi.

Answer 6

You need to check out this video on how to increase your credit score by using a 100% legal loophole. Here is the video URL: http://www.creditscoresecret.org

I was able to get to 595 from 489 in just one day and from 489 to 748 in just a few week; that's pretty fast in my book. Good luck!

Answer 7

Items on your credit report remain for 7 years.

Answer 8

The only thing you can do is dispute the report - basically say it isn't yours or a mistake. That takes at least six weeks though. And in this case, it would be dishonest and could result in a credit fraud crime.

Answer 9

I have not in any respect heard of that...and also you want a sparkling card ASAP. I have a company card that i take advantage of for my employer that each and each and every one kinds of loopy issues bypass one, and that i too, deliver them sporatic funds by skill of the month...yet I have not in any respect had them placed a carry on any of them. Get an American convey Card....certain, they value a value, yet they rock even as it is composed of provider. playstation : It not takes 7 to 10 days for a verify to sparkling the monetary employer...do not enable them hand you that crap...the Federal Reserve, many years in the past, DROPPED the requirement of sending the actual verify to be cashed...that is all finished electronically and takes seventy 2 hours...TOPS. many times a lot less.

Answer 10

Sorry, it can't be removed, and will stay there for a good long time.