Re: Removal of 30 day late credit card payments from report...

Posted by CardReport.Com on October 27, 2000 at 02:45:34:

In Reply to: Removal of 30 day late credit card payments from report... posted by pecd on October 25, 2000 at 02:03:59:

Payments lost in the mail are still late, and thus,
the notations would still be correct. Bills lost
in the mail still have the same due dates, which,
if missed by thirty days or more, would still create a
late-pay situation. Lost mail is *not* grounds
for disputing late payments on credit reports, and
such disputes would probably be rejected as
"Frivolous and Irrelevant" by the bureaus (see our
*Credit Overview* section for an article on this.)

If any individual late-pay is more than seven years
old, you can dispute it on the basis of having
expired for purposes of credit reporting.

If you don't recognize/remember a specific instance
of late status, you can dispute it with something
like, "I do not believe this account was late in
January 1996." But if you try to dispute all eleven
items at once, the credit bureau will be suspicious.
Dispute any expired ones first, and then, in
subsequent letters (maybe six months or so apart),
try a couple more.

But remember, if these accounts really were late
(regardless of lost mail, lack of money, personal
issues, etc.), and if the bureaus are able to
confirm that with the original creditors, then there
isn't really much left to do. You could dispute
again, but the bureaus may become suspicious, and
just start ignoring you after a few times.

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