topic should I request validation of information on late payments in Rebuilding Your Credit

should I request validation of information on late payments

Anonymous — Sun, 10 May 2015 22:11:51 GMT

I am working on my Husbands credit. His score is 721, trying to get it higher and the key factors for that score is says high balance on cc and late payments/ delequency

I have since paid down all cc to 30% or less and next month plan to have all paid off but 1 with a small balance. Here is whats showing up for late payments. I am concerned if I should challange these. Will it hurt any or help any.

The first is an cd loan which was NEVER late it was auto drafted and since this bank has closed/ bought out There are also a lot of u for unknow

cpb last reported 3/14/12

opened 3/28/07

date last pmt 2/1/12

late 30 days 12/1/10

next is conns

last reported 2/1/09

open 2/1/05

closed 11/1/08

date last pmt 11/1/08

late 9/08. all other dates show a U for unknown.

Can these 2 accounts really be holding him back?

There are also some inquiries on his report

we were car shopping and rv shopping but had financing already approved and it looks like the car dealership and the rv dealership ran it without our permission.

How do I get this removed if its possible.

Any advises would be greatly appreciated.

Re: should I request validation of information on late payments

Anonymous — Sun, 10 May 2015 22:23:01 GMT

Getting the UTI% in ideal range will probably yield more points than the 30 day lates getting removed. I would start trying to get the late payment removed with an early exclusion (6 month TU, 3 month EX and EQ).

You could dispute the other 30 day late with the CRAs, but you run the risk of the account being completely deleted, which could adversely effect AAoA. Personally I would go for the clean report if I could get it now.

Re: should I request validation of information on late payments

Anonymous — Sun, 10 May 2015 23:33:58 GMT

Do I just write cra asking for early exclusion of late payment? I do not want to remove the trade line Completely just remove the late payments. I did try to research Early exclusion but was confused. Thanks

Re: should I request validation of information on late payments

Anonymous — Sun, 10 May 2015 23:42:56 GMT

Only the 1 from conns would be with in the exclusion date. Is that correct? What would happen if they can not verify the cpb since they filed bankruptcy? I don't want it removed all together.

Re: should I request validation of information on late payments

Rebuilding69 — Sun, 10 May 2015 23:43:31 GMT

Whats the AAoA at?

Re: should I request validation of information on late payments

Anonymous — Sun, 10 May 2015 23:44:03 GMT

Re: should I request validation of information on late payments

gdale6 — Sun, 10 May 2015 23:59:58 GMT

The early exclusion can only be used on COs, CAs and PRs, it cannot be used on individual late payments on an account that is paid as agreed, these lates will drop at the 7 year mark until the account becomes a total positive.

Re: should I request validation of information on late payments

Anonymous — Mon, 11 May 2015 00:17:10 GMT

The oldest active thing I have is my Mortg and it's been on there since 2000.

Re: should I request validation of information on late payments

Anonymous — Mon, 11 May 2015 00:18:05 GMT

Is that what your askin aaoa?

Re: should I request validation of information on late payments

Anonymous — Mon, 11 May 2015 00:27:24 GMT

Is that what your askin aaoa? I don't see my aaoa on my report

Re: should I request validation of information on late payments

gdale6 — Mon, 11 May 2015 01:04:42 GMT

@Anonymous wrote:
Is that what your askin aaoa?

AAoA is average age of your OC accounts both closed and open, you need to calc it or get a calculator from the web that will do it for you from the info you input.