How do I remove a late student loan payment from my credit report?
Curt F asked:
Hi experts.
Hi experts.
Unfortunately I just found out that I had a very small obscure student loan that went into repayment last month and I missed the bill. I switched addresses and somehow forgot to have them forward that loan to my new address 
So I checked my credit report and it’s there reported as an adverse account and it says TransUnion says it will not be taken off until 06/2014.
However it seems like I’ve heard of other people getting these things removed from their report after they pay the amount overdue. Is this something I’m just imagining or can I really pay the amount due and then have the error removed from my credit report?
Thanks so much for your help
Website content
November 29th, 2008 at 5:55 am
You can ask to have it removed but they dont always do it. They can tell you to jump in a lake and it becomes your loss.
Good luck.
December 1st, 2008 at 9:22 pm
call TransUnion and dispute it. it could happen, but then again, it might not.. **** to say this, but, late is late.
the worst they can say is no… find out and see what happens
December 3rd, 2008 at 11:07 pm
As long as the information is correct and you were late, there is no way of removing this information.
December 6th, 2008 at 3:29 am
People have heard a lot of things ,
Elvis is alive , the moon landing was shot in Nevada ,
But , even though you can dispute it ,
They only Remove False info .
If it was Not your loan , it may be gone .
Otherwise , data is on for 7 years from the date of the last activity .
>
December 6th, 2008 at 4:38 am
Once an update is made on a trade it will stay on there for up to 7 years. If you only missed 1 payment then it will probably show up as 30 days del. Which truthfully is nothing. If you have really good credit, that shouldn’t even faze it. You can always dispute it with the creditor and with the credit reporting agencies. If that doesn’t work (because legitimately, its not a valid dispute), you are allowed 45 words on your credit report and you are welcome to state your claims. It does not change your credit score and most systems set up to determine credit will ignore it, but like I said, 1 30-day del mark on your credit will not even effect your score enough to change a potential interest rate on a mortgage/loan so I wouldn’t sweat it too much.
December 8th, 2008 at 1:28 pm
They only way you can have adverse credit removed from your credit is to get the creditor to report to the credit agencies that the account has been paid in full or have them put it as satified. I would also have the creditor send you a letter stating that the account has been paid in full and send proof to the credit agencies as well alone with a letter explaing what happened.
December 11th, 2008 at 9:44 pm
Send them a CMRR letter and make an offer to pay the account balance in full if they immediately report you “current, never late”.
As soon as you get that letter from them, send the payment.
If they don’t update your TL you might have a cause of action against them for breach of contract.
Debtorboards.com should be able to help you. Go there.