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I was late on my Ameri credit payment in December 2008/Jan 2009. Had the account for over two years and was never late before, but made a mistake and missed a payment. I made the payment as soon as I realized it was missed, but too late b/c it showed up on my credit. I am trying to refinance my home and my score is low and this is making it lower. Has anyone ever been able to get them to reage a late?
Hi Pam
Welcome to the forum
Its rather very sorry to hear about your situation.By the way what is your credit score?I am not very clear that just by late on single payment it is not going to affect your score so much that you are not able to get mortgage loan!!
Anyway please let us know more about this so that we will get a solution for this.
Thanks
Keep in touch
Hi Pam
You can contact your creditor and request them to remove the late mark from your credit report by reaging your account. However, if the creditor does not agree to remove the late mark from your report, it will stay there for two years from the date you have made your account current. I think that it would have been easier to re-age your account if you have negotiated with your creditor before you paid off the missed payment.
Thank you for your replies. I have contacted Americredit and they have no idea what a re-age is, so they asked that I fax a letter and a copy of the Federal Regulations regarding re-aging. As for the mortgage, the past year needed to be clean and that is the only thing that is showing within the last year. My mid score is 577 -- which irriates me because I have only been late on that one thing over that last two years, but I have student loans out the wazoo... which are in deferrement, but I can't understand why my score hasn't gone up. Even our home loan has never been late -- but my husbands has gone up almost 100 points in the last two years.
Actually even one missed mortgage payment may lower your credit score by as much as 100 points and the missed payment stays there in your report for 12 months from the date you have made the account current. Since the payment has already been made, I don't think that it will be possible to re-age your account.