Hi,well my problems stem from this last year we lost 10k of our income,so I have lates .never on mortgage just credit cards.what is the best credit monitering sys,and I am only behind with my citi,I am hopeing to call them and work somthing out ??does that ever work.will take 2 months to get caught up from 3 behind with fees and all ,we have everything else under controll , been on time for a few months and hope to never have this prob again , we want to move in 2 years , do you think these scores will hurt us in 2 years?thanks for all the help Julie
THis is a very good question and smart that you are concerned with paying on time, the way I see it is you have had a long standing paying on time history, Correct? If so, then this is going to work out pretty well. First thing I would do is pull all 3 credit reports and see how they look. Next I would write letters to all of the negative entries, telling them the situation you were in and how I always paid on time and as you can see we are within 2 months of catching up and if we pay on time for 1 year straight would they delete the late pays? This sounds far-fetched but there are alot of things that were alot more extreme to get certain things taken care of, I think most of them will probably be helpful but not all. I would then dispute any of the ones that didn't comply.
I'd never write a letter to a creditor admitting to late pays. Start by disputing with CRAs and go from there. You could even go so far as to request deletion of the lates by sending a letter to the creditor WITHOUT admitting you were ever late. Simply request that the lates be removed as you have been a good longstanding customer.
