trying to raise score

[Anonymous]

If anyone can help...I have a car loan that is paid,but has a 120 day late on my cr. Is there anything I can do about this? Is this considered good or bad? please help!

badcredit1

[Anonymous]

How old is the late? When did you pay off the loan? Over time that late will have less of a negative impact on your score.

[Anonymous]

Send a GW letter is the late is true, if not dispute the late because it didn't happen. If it is over four to five years old yes it is prob. not hurting much, but I would still want it off.

[Anonymous]

Hi, thanks for the reponse. I started reporting late in October of 2006...I just paid it off in march of this year. 

Thanks

badcredit1 

[Anonymous]

Hi, thanks for the reponse. The late is true, I was laid off from work so I couldn't keep up with the payments. So do you think a GW letter will help. Thanks.

badcredit1

[Anonymous]

So the late occured in Oct.2006? But paid off? That's still considered recent, but I totally agree with netpanther. Write a GW letter, and let them know why you fell behind.I'm not so sure of the outcome, but you only fail when you fail to try.

Good luck to you

[Anonymous]

I had a late removed from Ford because we traded the car in but the payoff didn't get to Ford before the 30 days was up. I disputed it as never late and it was changed. I was told Ford doesn't do GW but they don't reply to closed/paid accounts if you dispute. This worked for me a couple months ago.

[haulingthescoreup]

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@Anonymous wrote:

If anyone can help...I have a car loan that is paid,but has a 120 day late on my cr. Is there anything I can do about this? Is this considered good or bad? please help!

badcredit1

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120+'s are killers, way worse than 30's. GW them, and if they won't remove the whole string, ask if they could at least knock off the 120 and the 90 (and the 60!.) Since it's pretty recent, they may want to see a longer string of consistent payments, but I would send GW's every month, asking them to reconsider. As they see that you're responsible after all, they might become more willing to help you out.

[Anonymous]

Thanks for your advice

[Anonymous]

Thanks for the advice, I am sending a gw letter today!