Question

I have a late payment from 2004 since then I have never been late.  Why is it showing up on credit reports? 

Scott

Answer

Unfortunately, creditors and the credit bureaus are unforgiving.  Negative items on your credit reports can remain for years, affecting your good name each time you apply for credit.  In your situation, the deletion of this one item could make all the difference in you getting future interest rates that are lower. The good news is you may be able to delete negative items on your credit report. If you want a free no obligation phone consultation with a credit repair professional, simply call 800-445-8540.  Or continue to visit www.creditrepair.com for updated information and resources regarding your credit wellness.  

-Candice

We’ve all heard the stories, nightmares really, of loan sharks, crooks, and leaches in the credit card space that impose unreasonable restrictions on consumers. Consumers seem to be in agreement that there need to be tighter controls to protect consumers in the credit-card space. There are complaints that these credit card companies often initiate arbitrary rate increases as well as penalizing consumers that marginally are late on payments, as marginal as payments that are 1 day late. Share these gripes, check out this MarketWatch article, Interest in new rules boils over.