Late payments can be a big deal, they count significantly toward your credit score calculation, and can stay on your credit report for seven years unless you do something. However, in my experience, it’s really not that difficult to get late payments removed. Here are three methods you can use to remove late payments from your credit report.
If your credit score jumped 20-40 points last summer, you may see another boost in May as the credit reporting agencies finish changes to remove incomplete identifying information from credit reports.
On April 16, the credit reporting agencies Equifax, Experian and TransUnion implemented the final changes to a plan it agreed to and started in mid-2017 to remove tax liens and civil judgments from credit reports. Without such information to hurt their credit reports, some consumers could start seeing their credit scores rise in May, just as they did last summer when the first half of the changes were implemented.
Many financial experts like to say there’s no guarantee you can significantly change a credit score in a mere six months.
However, those same experts have an entire arsenal of actionable tips designed to help you make significant progress (which we’ve shared below) if your mission is to not only get your credit score on the right track, but to do so quickly.
There’s no one-size-fits-all approach to handling credit card debt. The cheapest way for you to get rid of it might be more expensive for your neighbor, and vice versa.
Here are five ways you can erase your credit card debt. The list starts with the less expensive method. Discover which option is the best and most cost-effective for you.