Taking Charge of Your Credit’s Late Payment Issues
Late payments are reported to the credit bureaus once you've been 30 or more days late on an account. Creditors report you as late on 30, 60 and/or 90 days as well as how many times you were 30, 60 and/or 90 days late. The later you are and the more frequency of late payments you have the more it will negatively impact your credit history and score.
Late payments are not to be taken lightly as they stay on your credit report for 7 years and are negatively impactive on your score for the duration they’re on your report costing you thousands of dollars in higher interest rates and fees. A single late payment notation on your credit history can lower your credit score 60 – 110 points. Having multiple late payments is even more negatively impactive on your credit worthiness and score.
Don’t allow late payments to cost you thousands of dollars in higher interest rates and fees. CaliCreditRepair.com can help remove late notations from your credit history and allowing you to qualify for lower interest rates and possibly no fees.
Often a consumer believes that paying off the debt the late payment notations are associated with will remove the late notation; it does not. That said, it is better to have the account noted as paid in full rather than being charged off.
Often a consumer believes that paying off the debt the late payment notations are associated with will remove the late notation; it does not. That said, it is better to have the account noted as paid in full rather than being charged off.