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Regular Contributor
MsTucker09
Posts: 225
Registered: ‎02-16-2009
0

late payments on cc

i have 2 credit cards that my last late payment was in 4/07 and one 6/07.  I was thinking of writing GW letters to the company but someone told me don't bother because the late payments fall off after 2 years because it happened to her and we are trying to buy a house so I wanted to know should I try it or leave it alone if the payments are going to fall off this month and 2mos from now?

Starting Score: EQ 462 9/30/11
Current Score: TU 577 4/10/12 EQ 607 4/10/12 PLUS 627 4/10/12 Beacon 5.0 621 lender pull 4/13/12
Goal Score: 650


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Frequent Contributor
tullz85
Posts: 308
Registered: ‎02-26-2009
0

Re: late payments on cc

Are the late payments 30,60,90,120+ ?
Regular Contributor
MsTucker09
Posts: 225
Registered: ‎02-16-2009
0

Re: late payments on cc

WFNNB- 2- 30day lates (6/07)

 

MCYDSNB-1-60day late (4/07)

 

Cap One-1-30 day late (4/07)

 

 


Starting Score: EQ 462 9/30/11
Current Score: TU 577 4/10/12 EQ 607 4/10/12 PLUS 627 4/10/12 Beacon 5.0 621 lender pull 4/13/12
Goal Score: 650


Take the FICO Fitness Challenge
Senior Contributor
score_building
Posts: 3,577
Registered: ‎01-10-2008

Re: late payments on cc


MsTucker09 wrote:
i have 2 credit cards that my last late payment was in 4/07 and one 6/07.  I was thinking of writing GW letters to the company but someone told me don't bother because the late payments fall off after 2 years because it happened to her and we are trying to buy a house so I wanted to know should I try it or leave it alone if the payments are going to fall off this month and 2mos from now?

this is incorrect.  they typically remain on your report for about 7 years.

send all three GW letters.  rinse and repeat if you have to.  often times persistence pays off since it may take several attempts until you are rewarded with success in this effort.  GL!

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: late payments on cc

Late payments do not fall off after two years.  Unless the company provides GW, they will stay on your credit for 7 years.

 

I would suggest trying the GW, because it cannot hurt anything and if one or both are removed, you are better off.

 

Lates begin to have less impact on your credit as they age, thus at 2 years, if you have maintained your credit since, will begin to be less of an issue. 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Frequent Contributor
tullz85
Posts: 308
Registered: ‎02-26-2009
0

Re: late payments on cc

I would GW them. They're not as serious as 90 or 120+ at least! They should drop off (granted you get someone with a heart of gold) :smileyhappy:

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