NFCU Loan Late Removals

[Lady_J]

This is what it looks like on MyFico credit report. Would it be possible for me to get any lates removed? The Loan was paid off in 2009. What would be the best way to do this. I have my checking, savins and a secured credit card with them. Any advise will be appreciated! 

Navy Fcu

Status as of Date opened [?] Date of last activity [?] Account number [?] Largest past balance [?] Account Type [?] Account holder [?] Scheduled Payment Amount [?] Industry

Oct, 2009

May, 2005

Oct, 2008

XXXXXXXXXX7001

$3,000

Installment

Individual

$104

Credit Unions

Descriptions [?]

• Account closed at consumer's request
• Debt consolidation

No contact information provided by Equifax

Balance [?] Current Status [?]

$0	90 days past due

Seven year payment history [?] 30 days late 60 days late 90+ days late

5 times (Mar 2008, Jan 2008, Nov 2007)

1 time (Apr 2008)

3 times (Sep 2008, Jul 2008, Jun 2008)

Recent payment history [?] 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 2007 2008 2009

Legend:	Currently paid as agreed
	30 days late	60 days late	90 days late
	120 days late

[madmann26]

Try a GW letter to them. Since you are a current customer you may have some luck. YMMV as always.

[Lady_J]

Should I try to get the whole account removed or just the lates?

[llecs]

Could you afford to lose 7-8 yrs worth of history? If AAoA is older than 7-8 hrs and if this isn't your oldest loan reporting, then no harm in asking for a deletion. However if this is older or among your oldest TLs, then you could potentially see a FICO drop if deleted.

The lates will start dropping on their own next year with the last late being removed in 9/2015 at the latest. After they fall off, then this TL will report as a positive for another 3 or so years. This is something to consider for sure. If not applying for anything major before then you might be better of leaving it.

There is a small risk of a GW request removing an entire account as opposed to removing just a few lates. FYI.

[Lady_J]

Thanks for the info. I didn't think of it that way. I'm just trying to raise my scores. Apply for a couple of credit cards. Nothing major. If it's best to leave some then I will.

[Lady_J]

To leave alone. Lol. Sorry. On my phone.