Late Payments

When looking at the payment profile section in your credit report, you will see all your credit accounts that are listed with the credit bureau including a 24 month payment history for each account. If you miss one or more payments on any of your accounts, it will be reflected as a late payment status for that particular month and that account. The late payment status will also show how late the payment was, ranging from 30 days through to 60, 90, 120 and even 150+ days. Unless this is factually incorrect, in which case this can be disputed with the credit bureau, there is not much that can be done for historically listed late payments.

If you are unable to meet your account payment obligations, and in order to avoid further late payment statuses on your report, it may be possible to enter into a payment arrangement with your respective credit providers. Should they agree, you will be required to agree and commit to an alternative payment arrangement. If you meet these new payment obligations your account history going forward will not reflect late payment statuses.

If the situation has escalated to a point where you are considering radical action, think very carefully before opting for debt review, administration or bankruptcy. There is a better way!

We can contact and negotiate with your creditors on your behalf and arrange for a voluntary distribution of available funds. We can explain this process to you with one friendly, no obligation, phone call.