How Do I Remove A Late Student Loan Payment From My Credit Report?
So I checked my credit report and it’s there reported as an adverse account and it says TransUnion says it will not be taken off until 06/2014.
However it seems like I’ve heard of other people getting these things removed from their report after they pay the amount overdue. Is this something I’m just imagining or can I really pay the amount due and then have the error removed from my credit report?
Thanks so much for your help
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7 Responses to “How Do I Remove A Late Student Loan Payment From My Credit Report?”
Comment from SPIFIMAN
Time July 22, 2009 at 11:55 pm
As long as the information is correct and you were late, there is no way of removing this information.
Comment from Anonymous
Time July 23, 2009 at 12:58 am
They only way you can have adverse credit removed from your credit is to get the creditor to report to the credit agencies that the account has been paid in full or have them put it as satified. I would also have the creditor send you a letter stating that the account has been paid in full and send proof to the credit agencies as well alone with a letter explaing what happened.
Comment from Suthern Yankee’s S.O.
Time July 23, 2009 at 2:17 am
call TransUnion and dispute it. it could happen, but then again, it might not.. Hate to say this, but, late is late.
the worst they can say is no… find out and see what happens
Comment from nonldsin
Time July 23, 2009 at 4:19 am
Send them a CMRR letter and make an offer to pay the account balance in full if they immediately report you “current, never late”.
As soon as you get that letter from them, send the payment.
If they don’t update your TL you might have a cause of action against them for breach of contract.
Debtorboards.com should be able to help you. Go there.
Comment from kate
Time July 23, 2009 at 6:54 am
People have heard a lot of things ,
Elvis is alive , the moon landing was shot in Nevada ,
But , even though you can dispute it ,
They only Remove False info .
If it was Not your loan , it may be gone .
Otherwise , data is on for 7 years from the date of the last activity .
>
Comment from KAITENA
Time July 23, 2009 at 12:26 pm
You can ask to have it removed but they dont always do it. They can tell you to jump in a lake and it becomes your loss.
Good luck.
Comment from Super Jay
Time July 22, 2009 at 8:21 pm
Once an update is made on a trade it will stay on there for up to 7 years. If you only missed 1 payment then it will probably show up as 30 days del. Which truthfully is nothing. If you have really good credit, that shouldn’t even faze it. You can always dispute it with the creditor and with the credit reporting agencies. If that doesn’t work (because legitimately, its not a valid dispute), you are allowed 45 words on your credit report and you are welcome to state your claims. It does not change your credit score and most systems set up to determine credit will ignore it, but like I said, 1 30-day del mark on your credit will not even effect your score enough to change a potential interest rate on a mortgage/loan so I wouldn’t sweat it too much.