Late payments

[Anonymous]

Does anyone konw how long late payments remain on credit reports. How can I get them off and will it raise my fico score?

Thanks

[MidnightVoice]

---

bonitto wrote:

Does anyone konw how long late payments remain on credit reports. How can I get them off and will it raise my fico score?

Thanks

---

They stay on for 7 to 7.5  years from DOFD.  To get them off you can try a GW letter

[Tuscani]

(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.

http://www.ftc.gov/os/statutes/fcra.htm

Message Edited by Tuscani on 12-21-2007 01:19 PM

[Anonymous]

I had a late payment a couple of years ago and it was horrible my credit card interest rate got bumped up and my credit got dent. I made sure to pay all the bills in time that is how I got my credit fixed slowly.