Took a chance

[Anonymous]

I had one late payment showing on my CRA from my previous mortgage company.  I called them in Feb of 2006 when I knew the payment was going to fall past the grace period. They assured me that as long as I paid within 30 days of the due date, I would be fine.  Fine except for the fact that February only has 28 days and I paid on March 1.  I called back when I found out and they let me know that it is really not 30 calendar days, but the end of the month.  I called to ask them to remove and I have disputed with no luck.  Yesterday I came across the e-mail of the president of that company.  I pleaded my case.  I received an e-mail within 15 minutes that said he was passing my request on to another department and I would hear from them yesterday afternoon or this morning.  When I did not hear from them, I sent another e-mail with my cell number and within 3 minutes I got a call and a follow up e-mail.  I could not answer as my job does not allow for uninterrupted talk time, but I replied to the e-mail and said I would call as soon as I got off of work.  Please keep your fingers crossed for me.  I will be eternally grateful if they consider removing that late payment. 

[Anonymous]

Thinking good thoughts for you!!

Good Luck!!

[Anonymous]

Squeezing my fingers tight for ya!!! Let us know the outcome.

[Anonymous]

I just returned a call the the representative.  He explained again that mortgage payments must be made by the end of the month or it will be reported.  I told him I understand that now, though at the time I was going by what I was told.  I told him that I understood his position, I was just hoping he understood mine as well and would reconsider.  He said that the CRAs are really strict in changing anything like that.  I told him that I was pretty certain that they only report what they are told to and the late could be deleted.He said he would "talk to a couple of people". 

[Tuscani]

Best of luck!

[roscoe211]

Am I missing something here? 30 days is 30 days is 30 days. Reporting a 30 day late has no bearing on what the calendar says.

[Anonymous]

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roscoe211 wrote:
Am I missing something here? 30 days is 30 days is 30 days. Reporting a 30 day late has no bearing on what the calendar says.

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Not so, said the mortgage company.  He said those who make their payment on the 31st are getting a "gift".  He said he's not sure how companies in other industries do it ,since many times the payment due date may be on a date other than the first.  Since the mortgage industry standard is to have the payment due on the first, anything made outside of the month in which the payment is due is 30 days late.  What struck me as odd is that he tried to make me believe that the CRAs controlled what their company did. I did not want to argue.  In addition, he said that usually after 12 months, the late would not show on a closed account.  He was surprised, but though perhaps it was 24 months in this case. I thought the late would show for the next 7 years.  Any idea what he is referring to?

[MercyMe]

Here's hoping for you, Daytona!  Let us know!

[Anonymous]

<<He said that the CRAs are really strict in changing anything like that.  I told him that I was pretty certain that they only report what they are told to and the late could be deleted.>>

LOL..I'm glad you busted him in that lie.

[Anonymous]

In addition, he said that usually after 12 months, the late would not show on a closed account. Never heard that before!!! Can anybody elaborate???