any way to get rid of a late payment on my credit card?

[Young Grasshopper]

long story short i made a late payment on my credit card back in 05 with my chase card. i havent made a late payment since on this card or any other card i have. ive also paid down about 6k in CC bills and am now down to less then $500.


any way to get rid of it from showing up in my history? my score was about 700 when i had the debt so i am curious to see how much it goes up as my credit report was telling me i had too many balances. im looking to refinance my car to a more reasonable rate. how much will this late payment effect it?


thanks

 

[RaistlinZ]

Is it common practice for comapnies to remove late charges so long after the fact?

 

[dmcowen674]

Originally posted by: Young Grasshopper
long story short i made a late payment on my credit card back in 05 with my chase card. i havent made a late payment since on this card or any other card i have. ive also paid down about 6k in CC bills and am now down to less then $500.


any way to get rid of it from showing up in my history? my score was about 700 when i had the debt so i am curious to see how much it goes up as my credit report was telling me i had too many balances. im looking to refinance my car to a more reasonable rate. how much will this late payment effect it?


thanks

Worried about a late payment 4 years ago?

Holy shit

The whole thing is a scam anyway.

 

[Baked]

Refinance a car loan?!

 

[JulesMaximus]

1) Invent time machine
2) Go back in time
3) Mail payment in early
4) ....
5) Profit?

 

[waffleironhead]

I highly doubt that you can have it removed. The good thing is that the effect of these things goes down over time. All you can do is wait. What is your score now?

 

[blurredvision]

Ya, highly doubtful you can do anything about it. If you really, really cared, you could always file a dispute and possibly get lucky, but that's doubtful as well.

 

[tyler811]

Did they turn down your pistola application because of this?

I would not sweat it. You could file a rebutall thru the reporting agency's website. I did it once for my Capitol One years and it worked

 

[Kalvin00]

Payment history shows on your credit for each creditor for 2 years...so if you've made 2 years of on-time payments after that, it would no longer show on your credit.

 

[sjwaste]

If you don't have other negative factors, anyway, it would barely matter. A late payment doesn't ding you by more than a few points unless you have other factors that you're also worried about but not disclosing here.

 

[wiredspider]

If you were only 30 days late, it probably doesn't even show up. And the history only goes back so far anyway.

 

[Young Grasshopper]

ive checked my credit report and it still shows up.

 

[Gooberlx2]

It'll show up for a few more years. I think 7 years is the norm? Honestly though, I doubt it has any sort of substantial impact if you've maintained stellar credit/payment habits ever since.

 

[kranky]

You want what is called a "goodwill adjustment". Check creditboards.com Credit forum for tips on how to approach this and specifically if anyone has done it with Chase so you can find out who to contact. You basically contact Chase and stress your 4-year perfect payment record as justification to have them remove the late from your record.

It can be done, but there are no guarantees.

 

[Dangerer]

Since the beginning of last year I've had 2 late payments on my chase card as well as an overlimit fee. I had all of the charges reversed the following month but I'm wondering if it will still show up on my credit report?

 

[kranky]

Originally posted by: Dangerer
Since the beginning of last year I've had 2 late payments on my chase card as well as an overlimit fee. I had all of the charges reversed the following month but I'm wondering if it will still show up on my credit report?

If you were less than 30 days late, it won't be on your credit report.

 

[mugs]

Have you actually confirmed that it's on your credit report? As kranky said, it won't be there unless you were 30 days late.