Is there a way to have a late payment removed from my credit report?

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I have 2 payments to my lender that were 31 days late (30+ gets reported). I have tried talking to managers on the phone, writing a professional letter, and offering to guarantee that I refinance my loan with them when my interest rate fixed period ends in a year, and they simply refuse to help me. I am trying to get a home equity line of credit to do some home repairs, and I am finding it nealy impossible to do so with 2 recent mortgage lates. My LTV of over 90% doesn’t help things, but if I could get those 2 lates removed, I’d qualify for loans that go up to 100% LTV. If anyone has any ideas or suggestions as to what I can do to try and get those lates removed, I’d greatly appreciate it. Thank you, in advance, very much for your time.

  1. Reply
    lisa n florida
    February 14, 2011 at 12:56 pm

    only if you weren’t late…. or can reach a really really really nice person at the lenders office who will write the credit bureau for you….and good luck there…

  2. Reply
    February 14, 2011 at 1:48 pm

    One option that works often..
    get copy of credit report…contest the late payments.
    if you mortage company does not respond to credit bureau then those late pmts will be erased….

    refinance home with another mortage company…I doubt they will care about two late payments…

  3. Reply
    February 14, 2011 at 1:56 pm

    Since you were late –then the Fair Credit Reporting Act will not help you. Take your medicine. Sorry. Yes you can dispute the reporting but if the lender responds then you will not get it removed. You are now possibly a sub-prime borrower.
    I am a mortgage banker

  4. Reply
    Abbi G
    February 14, 2011 at 2:01 pm

    Unfortunately, only the creditor can have them removed. Late payments on a mortgage are serious. If you truely feel that they are in wrong you can request your payment history from the creditor and go from there. More than likely, its not going to happen. You’re going to have to make timely payments for a long time now and have a really good reason the next lender that is considering a refinance.

  5. Reply
    February 14, 2011 at 2:40 pm

    Yes, you can ask the lender to remove the late pays as a goodwill gesture in return for all the years of paying on time.

    If that doesn’t work, you can dispute the late pays with the credit bureaus.

    Use this free credit repair kit!

    You can download the book and 20 letters free:

    Also refinancing your mortgage with 2 late payments is difficult if you go to a strict lender, click here to find one that will help….

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