Comments on: How long does a late payment stay on my credit report?

By: EFX Moderator, EM

EFX Moderator, EM — Mon, 04 Mar 2013 17:41:22 +0000

Lenders could update your credit file with new information or to confirm existing information. If the information they are reporting is inaccurate, you can file a dispute with the credit reporting agencies. Of course you're doing your best and it sounds like you want to pay off your debt. We have tips on how to pay off your debt without feeling overwhelmed. I hope this helps.

By: DOING MY BEST

DOING MY BEST — Thu, 28 Feb 2013 02:10:47 +0000

HOW OFTEN CAN A CREDIT COLLECTION AGENCY REPORT TO THE CREDIT REPORTING AGENCY, IS IT LEGAL TO REPORT AN ACCOUNT EVERY 7 TO 10 DAYS, JUST BECAUSE THEY GOT PISSED OFF WITH YOU.

By: Julia

Julia — Sun, 13 Jan 2013 00:18:34 +0000

I have a question regarding when an collection will fall off my report with Equifax. I’ve compared my 3 reports from the 3 credit reporting agencies and the same collection is coming off on Experian and Trans Union in Oct 2013 on Equifax it shows date of last activity as N/A so when will this fall off my report. Should I call to get this information. Your help with this is much appreciated.

By: Chris

Chris — Mon, 03 Dec 2012 02:40:51 +0000

Thats funny. They have too high a volume to monitor every customers account that they have but they have time to report every one of them to the credit bureaus

By: Ethan

Ethan — Tue, 30 Oct 2012 14:45:30 +0000

You are required to monitor your own finances. Banks and Credit Unions have too high a volume to have an actual person monitoring every single loan that they write. If you made your payments in person you should have been given receipts that would show you are pass due. If you called in then your financial should have been polite enough to inform you. If you mailed in your payments and then didn’t monitor whether they were posted (or any similar situation where you should have monitored) then this is definately not anyones fault but your own. Lets not play the blame game and own up to our mistakes.

By: Mary

Mary — Sun, 21 Oct 2012 22:18:28 +0000

Clarissa really don’t understand life. I file bankruptcy because I was diagnosed with leukemia and during this time I was preparing for a bone marrow transplant I was laid off of my job. Things happen to people that you cannot predict. Bankruptcy was not my easy way out. It was necessary to maintain the little health I had. Sometimes Clarissa it is necessary. Get off your high horse.

By: Erin

Erin — Thu, 04 Oct 2012 19:58:27 +0000

You aren’t taking advantage of any company by filing bankruptcy. It is a legal right and remedy prescribed by the federal government for hundreds of years. You are entitled to use it you qualify and if you choose to do so. Your penalty is negative credit reporting for 7 – 10 years, but it isn’t anything to be otherwise embarrassed about anymore so than getting unemployment benefits or Medicare. And companies get to write off the loss in their taxes.

By: Tom Ross

Tom Ross — Sun, 02 Sep 2012 04:48:04 +0000

Nice work, regards

By: Annette

Annette — Sun, 02 Sep 2012 04:24:57 +0000

I have a car lone, for some reason, I set up a payment online and it did not go through. I made my next payment maybe a day or two late, but the financial institution never informed me in any way that I missed one payment. Without knowing, I was summitting my payments 30 days late. I learned about it because I recieved a negative information notice from my credit monitoring system. By the time I learned about it, I already had two 30 day late reports.
I’m I entitled to at least a notice from the creditor before they report negative information? If so, can I despute that?

By: Pauline A Moore

Pauline A Moore — Mon, 27 Aug 2012 16:18:45 +0000

I am 70 years old, my credit score is low, I am unable to mortgage my home that has NO mortgage. It is low in part because my income came from mortgages I gave. the Mortgagors stopped paying, so I was without income. NEVER THE LESS, even though raising five kids as a single Mom I paid every debt I ever had, I never filed Banktruptcy, nor was I ever foreclosed. I should have a great credit score with three stars instead I am handicapped by property tax leins (paid) and slow pays. at seventy I do not have seven years to wait to enjoy what a refinance would do for my life. I am current with everything and have been for a long time. It is not fair.