There is a lot of misinformation out there about what credit repair companies can and cannot do. So, let’s start by clearing up some things. Credit repair companies are not miracle workers – they cannot remove late payments from your credit report that were legitimately reported by the creditor. However, if you have had a late payment reported in error, or if you have been able to clear up the issue with the creditor yourself, then a credit repair company can help get that corrected on your credit report. So, if you’re having trouble getting past a few late payments on your record, it might be worth considering hiring a credit repair company to help you out.
Should I Hire a Credit Repair Company to Remove Late Payments?
Credit repair companies can be a great resource if you have late payments on your credit report. However, it’s important to understand what they can and cannot do before you hire one. With credit repair company to help remove late payments from your report.
How Long Do Late Payments Stay on Your Credit Report?
Did you know that your credit score is affected by how timely you make your payments? Even if you’re only a few days late, that can cause your score to drop. And, if you’re chronically late with your payments, it can stay on your credit report for up to seven years. So, what’s the best way to avoid negative marks on your credit report? Make all of your payments on time, every time! If you’re having trouble making ends meet, try setting up a budget and sticking to it. You’ll be glad you did when you have a good credit score and access to the best interest rates available.
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