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removing lates. which way should I take?


txsquirrel
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I have a student loan which I just paid off (yeah) with a couple of lates on my CR. What would be the best way to tackle them? I thought about just writing a good will letter and asking them to be removed, or should I just dispute with the agencies? Do the good will letters even work? I've had a good relationship with the student loan people, so I thought I would give it a shot. Is there any reason I shouldn't?

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I've easily removed old and recent lates from my CR with either a phone call (SAKS and DISCOVER) or with a goodwill letter (AMERICAN EXPRESS and DISCOVER). Dispute the lates with the CRA at the same time.

I only had one problem removing lates (and I had over a dozen before I started cleaning up my record). I was turned down multiple times for the deletion of some very old lates (6 1/2 years) by Chase (Curcuit City actually). Believe me when I tell you, I tried everything from phone calls on the low end to letters to VPs at the high end, and I always got the same response ......"its against the law for us to change anything, yada, yada, yada." They finally wrote me and saying that they would no longer answer my letters requesting deletion. So I vowed to myself never to do business with them again due to their a-hole behavior. I doubt I'll effect their bottom line, but I feel better.

Given that you have a good relationship with the student loan people, I'd say a simple call will do the trick. Emphasize that the lates are effecting your ability to get a auto loan, home loan, job, etc. and as a new working graduate you've got enought obstacles to deal with.

Good luck

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