How Long Does a Late Payment Stay On Your Credit Report and How Can I Get It Removed From My Credit Report

How long does a late payment stay on my credit report and how can i get a late payment taken off my credit report. These two question are asked frequently by consumers who are trying to fix their own credit reports with credit repair. This article will go over late payments,how they affect your credit scores and how you can get them removed.

The Different Kinds Of Late Payments

First you need to realize that not all late payments on your credit report are the same. 'The three types of late payments that can be listed on your credit report are as follows.

• 30 Days Late
• 60 Days Late
• 120 Days Late
• Rolling Late Payment

The 30,60,90 and 120 day late payments are self explanatory and as you go later and later the effect on your credit score gets worse and worse! A rolling late however is worse and i will tell you why. A rolling late payment on your credit report is a payment you missed and never made up, so every month you will have one more rolling late added to your credit report! This is obviously very bad for your credit scores.

How Long Does a Late Payment Stay On My Credit Report

The law says that after 7 years the credit bureaus must remove all activity from your credit report after 7 years, this means you have a long time to wait. However you may find that these negative items remain on your credit report well after that time frame and even though they are past 7 years old they will still affect your credit score negatively! Accounts that are on your report after 7 years are easy to get removed with a simple credit dispute letter.

What If My Late Payments Are Not Seven Years Old?

Well you can still get late payments removed from your credit report even if they are fairly recent. You just need to use some basic credit repair tactics to use the law and beat the banks,lenders and credit bureaus at their own game. This involves using the proper credit repair techniques and good credit dispute letters as well as some other tactics.

Where Can I Get More Information On Self Credit Repair Tactics

You can learn more about self credit repair tactics and get proven and effective credit repair letter templates at 37 Days to Clean Credit this system will give you a detailed step by step plan that will put you on the road to a higher credit score!