Late Payments Credit Repair Mistakes | ð´ LIVE Credit Repair Tips
When it comes to credit repair, late payments are an extremely important factor. 35% of a credit score is determined by payment history, which includes late payments. When it comes to Late payments, here are the top mistakes people make when it comes to repairing credit.
Remove Collection Account VS Remove Charge off Account | ð´ LIVE Credit Repair Tips
Collection Accounts and charge-off accounts are not the same things. Both have a HUGE negative impact on a credit score score, but they impact the score differently and there are different strategies to remove either account. Many people don’t know the difference between a charge-off and a collection, and because of this, they end up with a low credit score and have a hard time increasing their credit scores.
How to Remove a New Late Payment on Credit Report
One 30 day late payment can cause your credit score to dramatically go down. In the case of a new late payment on a credit report, disputing the late usually does not work because the creditor has all the records handy. They can quickly reject the dispute because they have the recent records to show that the late payment in fact did take place.
