subject: Strike Out Late Payments and Other Minuses From Your Credit Record [print this page] Strike Out Late Payments and Other Minuses From Your Credit Record
Do not let minor negative entries ruin your chances of getting better terms on your credit facilities. Late or missed payments and other minor lapses on your credit activities do not necessarily have to stay on your credit record for long. While these might not really result in huge amounts of financial losses to your creditors, its impact on your eligibility for other credit facilities could cost you more money than you are really willing to let go of. You do not have to suffer the ill effects of having a low credit score as a result of having a few late payments. You can actually undertake measures in order to strike these entries out of your credit record. While you will find tips over the internet on how to do this yourself, you are actually better off with a professional credit repair company. You get more reliable results as they use time-tested strategies in order to effect the kind of changes you want on your credit record. No, they do not alter the information on your credit record with outright lies. They simply ensure that the information in your record are accurate, timely, and complete. They simply ensure that your credit record only contains information that should give you the highest credit score possible given your circumstance.
In most cases, credit intervention done by professional credit repair companies could lead to the deletion of most minor items in your credit record including those of late payments. Other dispute methodologies are used by these credit repair companies depending on your particular circumstances. Your credit records are actually maintained by credit reporting agencies. These agencies collect information about your credit activities including late payments from your creditors. There are regulations that they have to follow in reporting, collecting, and disseminating such information about consumers like you. Credit reporting agencies calculate your credit score using government approved platforms that standardize the way these ratings are done. When you apply for credit or employment, these agencies give your creditors or employers your credit score. There is a predetermined range that indicates the kind of dependability that could be expected from you in as far as financial matters are concerned. Lower scores are usually not considered to be desirable enough for most creditors and employers to give you the time of day. If you want to continue to enjoy better credit facilities or employment options, you will not let even minor instances as late payments affect your credit score. Your credit repair consultant can help make sure that this does not happen to you.
