Late payment question

I recently got a target redcard account, but missed my first statement and ended up being 34 days late on the first payment. Once I found out I was late I hurried up and paid the fees etc. I just had my credit pulled to get a mortgage and found out that the one late payment to dropped my score 60 points. I have no other late payments on my report at all. Has anyone had any luck getting something like this removed?

Thanks for the advice! Do you have any tips on how to find the contact information for the executive office? Google didn't turn up anything for me.

Similar Messages

Late payment 180 days question

The account had no payments on it from 9/13 to 2/14. Shortly before it being sent to collections I grew up and started paying it down entirely until it was paid off(State farm credit card, first one). This September will mark the 2 yr anniversary of the first late payment, I've read several places that say 30/60 aren't bothersome after 2 years, it that's the case, starting in September, should I be expecting a solid rise in score? Will the 90+ also lose some kick after 2 years? Or will the fact that the same account ended up going 180 days late nullify that?
Account has long since been closed on me, hoping I have a built in weight that's going to slowly be less affective over the next 8 months.
Appreciate any input and advice

Kuma wrote:
The account had no payments on it from 9/13 to 2/14. Shortly before it being sent to collections I grew up and started paying it down entirely until it was paid off(State farm credit card, first one). This September will mark the 2 yr anniversary of the first late payment, I've read several places that say 30/60 aren't bothersome after 2 years, it that's the case, starting in September, should I be expecting a solid rise in score? Will the 90+ also lose some kick after 2 years? Or will the fact that the same account ended up going 180 days late nullify that?
Account has long since been closed on me, hoping I have a built in weight that's going to slowly be less affective over the next 8 months.
Appreciate any input and advice
If all you had were 30 lates then you would most likely see a rise in score once the final one passed the 2 year mark but you have 90+ lates and these are major delinq in Ficos eyes and they will cost points the entire time they remain on file. 60 day lates can affect for the full CRTP as well depending on your overall profile there was a posting awhile back that a single 60 day late dropping at 7 yrs yielded a rather large increase in Fico score (was more than 30 from what I remember). As all of them age you do regain some points and if the account wasnt COed then each will drop at the 7 year mark until the account becomes a total postive. You can try to have the lates removed with a GW letter to the creditor http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680

Old late payments on still-open account

hi, i'm new here, but a longtime lurker and i finally have a question i thought i'd post about. i have a open account for a studnet loan from grad school. there was dark stretch during the great recession where i stopped making payment, because i had very little money and most of what money i had i sent home to my mom and sis who were out of work due to the economy. not sure why i didn't try to make a better arrangment than jut not paying. i guess i was really stressed and scared facing all the new realities. until that point i'd never been out in the real world, so to speak...just school. anyway, the first of those missed payments will be seven years old in july. since the account is open (and current!), i understand that they will stay on my report despite their age since it's an active account. is that right? is there anything i can try to get them removed before i finish paying off the account? the good news is that other than those payments, all of my reports are spotless. thanks in advance for the advice!

interesting. i called experian and the person i spoke with said that since the account is still active, the old late payments wouldn't fall after 7 years because i'm still paying off the account. i just got off the phone with a credit specialist and he said even though the account is still open, the late payments will in fact drop off once they are seven years old. i'm a little confused, bit i'm hoping the credit spec. is right!

Should i have to pay RECONNECTION & LATE payment f...

I only connected to BT on 16 January and I'm having billing problems already.....
When ordering BT at the start of Jan I asked for PAPER BILLING, start of February arrives and I get restrictions put on my phone & broadband lines because I didn't pay my bill.
How do you pay a bill you never received? Contacted an advisor they said I had to check bill online......How can you PAY OR CHECK BILL online if you have NO ACCOUNT NUMBER? This is just stupid! We get charges put on our accounts because of their stupidy! I am not paying £12 for reconnection & £7.50 a late payment I knew nothing about!

this is a customer help customer forum and your posts do not go to BT
I suggest you try online chat and see if they can help you
live chat http://bt.custhelp.com/app/contact/c/2902/?s_intcid=con_intban_sanda_contact_us_chat_from_forums
If you like a post, or want to say thanks for a helpful answer, please click on the Ratings star on the left-hand side of the post.
If someone answers your question correctly please let other members know by clicking on ’Mark as Accepted Solution’.

Late payment/reconection fee

Hi. Can any1 help? Ive recently joined bt. Installed 23/01/13. Billed on 24/01/13. This is nt the prob. Opted out of dd as dnt hve a bnk acct! Asked numerous times 4 paper billing only fir it never to arrive hence late payment. Payment crd order after 2nd bill due and was assyred i would not incurr any charges. Imagine my suprise wen tidays bill came online n its charged me! Was nt made aware wen ordrin bb tht thy assume u b payin by dd. This was nt the case! Hence askin for paper/paymnt card. Reason for late payment? Bt not sendin correct paper work in time.

Hi
I am sorry to see you are having problems
As live chat was unable to help you I suggest you contact the forum mods they should be able to get this problem sorted for you this is a link to them http://bt.custhelp.com/app/contact_email/c/4951
They normally reply by email or phone directly to you within 3 working days they will take personal ownership of your problem until resolved and will keep you informed of progress
They are a UK based BT specialist team who have a good record at getting problems solved
This is a customer to customer self help forum the only BT presence here are the forum moderators
If you want to say thanks for a helpful answer,please click on the Ratings star on the left-hand side If the reply answers your question then please mark as ’Mark as Accepted Solution’

Late Payment Notification

I paid my bill on 26/11 at the Bank. Today I received an e-mail saying my bill was unpaid. I logged onto my account and went through the I have paid options and received notification that my payment had been received but I may incur late payment charges. Checked out what that means and it says must be paid 5 days from red reminder date, I have not received any red reminder. How can BT send out a reminder today and confirm payment made on 26/11 on the same day????? There is something amiss here, and if I get any late payment charges there will be some serious repercussions, particularly as no red reminder has reached here. Very poor coordination and treatment of customers!
Solved!
Go to Solution.

If you pay into a bank on Friday the payment is not credited to bt until the Monday the email is automated and has been sent as your payment was received basically they have crossed you will most likely receive a red reminder in the post in the next few day i speak from experience of this as it happened to me last week paid the bill Tuesday got an email Thursday and a red letter Saturday they do say in both the email and letter if you have already paid ignore them In my case it was a card payment made on line and i received an email receipt less than 5minutes after paying it again caused by the banks payment processing time you will not get charged a late fee until it is five days after receipt of he red letter
If you want to say thanks for a helpful answer,please click on the Ratings star on the left-hand side If the reply answers your question then please mark as ’Mark as Accepted Solution’

Implementing Late Payment charges

First post, just need to be pointed to expert on implementing Late Payment Charges.

You can do a search before posting in the forum. Many of the questions are already in the forum. For example, check the link Having Late Charges Calculation on Past Due Invoices related to your question.
Please read forum rules also to get more information.
Regards,

Late Payment Rebuilding Time?

Morning Community, I am currently in the process of trying to improve my credit (currently around 695-700 EQ & EX, 720 TU) for a mortgage loan. I am trying to reach a 720 for the Navy Federal 100% Financing program (first time homebuyer). I could just go with an FHA loan, but I do not want to pay the PMI on an FHA when I am so close to reaching the 720 for the NFCU program (100% financing comes with no PMI, slightly higher rates but monthly payments work out to be a good amount lower than an FHA). I have done pretty much everything I can do up to this point to get to where I am (credit utilization is 0% etc. etc.), but I do have a couple of late payments on a student loan hurting me. They are both on one account (of my 4 student loan accounts) and one is a 30 day late (a year and a half ago) while the other is a 60 day late that is a little more than 8 months old. I have already sent in multiple Goodwill Letters to the OC and even a few e-mails to the president of the company, though I always get the same response that they are required to maintain the information in my report and cannot remove them. Therefore, I figure my only course of action at this point is to wait for my credit to rise as the late payments age. My question to you ladies and gentlemen is if anyone knows how credit scores are affected by the age of your late payment. I have read that they hurt you the most in the first 2 years, but should my credit increase each month that passes? Or is it a scenario where once my most recent late payment becomes 1 year old, 1.5 years old, 2 years old etc. I will get a boost to my score? Is it possible to estimate when my credit may jump the 20 points that I need? I appreciate any feedback offered Have a great day!

Hey ,understand your rant. Kind of like being able to have the NRMA change your payments for your road, home and contents insurance to be all paid on the same day of the month (we pay by the month), or spread out. We wanted our new car insured, and the insurance says didn't match the other payments time cycle, so we merely had to make one "make-up payment" for a few days so that everything matches up. Now we pay all of our NRMA insurance on the one, predictable date that matches up with our finances. I know what it's like, LOL, your electricity, water, and land rates, and then the rego on the car all fall at once, and you would like to change the cycle, so that you don't get all the bills at once. It's not like you AREN'T going to pay, you just want the billing cycle to change, even if you have to make a "make-up payment", right? What you *could* do, is go into credit, by paying ahead, but this means that *you* have to make all the effort, instead of Telstra meeting you half way.

Automatic calculation of charging of interest on late payment onLO

Hi.
my query is that user want that SAP calculate interest on late payment automatically for lease out.
is it possible in real estate?

Hi,
As Franz said, there is no standard functionality in RE, but you could use the Adjustment program to achieve that result.
You can customize an index based rule with your interest rate and default that adjustment rule for the condition that needs to be accounted for interest.
The problem is that if you choose to follow this approach, you will have no intergration with FI-AP and the adjustment program will not check which contracts are overdue and which not.
KR,
Severina Kolleva

Late payments

Hello,
(I'm new to SAP B1, 2007 A)
I defined a payment term under "Administration -> Setup -> Business Partners -> Payment Terms"
Under "Interest on Receivables" I choose 10% (for exemple)
I defined a new partner with this Payment terms, but i don't know how to make the system calculate the late payement fee (even if i create a new order with late date).
If someone can help me it could be wonderfull
thanks

Hi Mohamed,
the easiest way of doing this is to set up the dunning wizard to calculate late payment fees. The application will not automatically create postings that update the BP balance. If you need late payment fees to show up on the BP balance & in the ageing report, you need to create manual journal entries or service type invoices.
The use of the' Interest % on Receivables' field within the payment terms is not shown in the EES mentioned above, but all pertinent dates & the calculation logic are explained.
All the best,
Kerstin

Disputing a late payment reporting. What counts as "proof'?

I am disputing a account that has a "Late payment" reporting. I foolishy wrote down the confirmation in a notebook, and have lost track of it. I know it was paid, and the account shouldn't be reported as over 60 days late. I am doing my best to find any proof. I know I called the creditor on a speific date before the payment was due, and was talking to them for a few minutes. I pulled my telephone records, and it does show I called the creditor,and talked to them for 18 minutes, yet before I found this, the creditor said they couldn't see a call was made to them. I also have a "payment allocation" paper they sent to me that says a transcation for "$100" dollars was made on 03/18/2015, and my phone records have the phone call taking place on 03/17/2015. I just found these documents a day ago. I don't understand how a phone call wouldn't be recorded, but yet it shows on my phone bill that I talked to them for 18 minutes. I googled the number, and it was the creditors number. They have said i never did talk to them ,but that was before I went through my phone bill. Do i have anything worth sending them to show that what they have told me isn't correct?

mnl wrote:
So how are they allowed to make errors, but if we do, then there are problems? Navient(Sallie Mae) told me 2 times that they reviewed the call logs, and there records didn't show a call at all. Was told they looked thoroughly, so obviously they didn't, or there is a issue with their system. Proof of the phone call shows that there is a error on their end/system makes errors, if there is one error/mistake, then that shows more errors could happen on their end. I went through bank statements, and it shows for 03/18 , which is the same day the phone call took place (Which I have the phone bill) Bank statement shows on 03/18: 147.20 MERCHANT PAYMENT AT LOC 360 12061 Bluemont Way Reston VA Looked this up, and it's Sallie Mae/Navient. I don't have a voided check. I paid by phone. The phone bill, and bank statement is all I have. I've read online about how Sallie Mae/Navient has lost peoples payments, and made errors just like this plenty of times. Ridiculous. You're absolutely right. The debt collection industry essentially wrote the laws (FCRA and FDCPA) with some input from lawmakers - or to put it another way, the lawmakers wrote the laws with a great deal of input from the debt collection industry. So while there are *some* protections for us, the deck IS stacked against us to a great degree. The only defense we really have is to learn how the system works, both for and against us, in order to play this game on as level a playing field as we can possibly make.

Post of Late payment surcharge amount.

Hi Experts,
In my project, i am calculating the late payment surcharge amount ( LPSC Amount) through custom programme aganist the contract acccount and storing it in a custom table.
Custom program calculates LPSC amount in the day in which incoming payment is received against any charge (including invoice). LPSC is calculated in a time dependant slabs, depending on clearing date > net due date.
Can anyone help me how to post the calculated amount to the contract account.
Regards,
Paul

Hi,
You can use BAPI_CTRACDOCUMENT_CREATE to post a Fi-CA document.
Thanks,
Amlan

CAPITAL ONE DISPUTED LATE PAYMENT WITHOUT MY PERMISSION!

HELP! I am in the processes of working on 3 late payments on my Capital One card. I called yesterday and very clearly stated to the rep that I was looking for a GW removal and NOT a dispute. He gave me the typical scripted speech that they would make an *internal* request and I said thank you, have a nice day. I entered an online chat today with a supervisor to ensure that my account was not disputed and come to find out, it is. Who do I contact now? Can I file a complaint? Who the HECK is running the show at Capital One? This is just crooked business!

Thanks. The EO called me today to let me know they would be investigtaing the rep who created this mess. I'm livid. I am praying that dispute does not hit my report. They tell me it will take 7-10 business days to investigate.

Customer late payment invoice

Good morning
I'm trying to fix minimum amount for calculation of customer late payment invoive, with different currencies using calculation on open item and not balance sheet , but it doesn't work, in customizing i set this program SAPLFI_INTVW and SAPL0F05.
Could you help me please
Best regards
Giovanni

Hi,
please select a particular document type(except DR/KR) for customers/vendors for interest postings.
so that system post interest postings only this document type. While doing the interest calculation you can exclude this document type, so that interest can be calculated only on invoice line items only.
please use the following path to determine document type for transactions OBV1, OBV9, OBV3 & OBV4.
Goto---Doc. type.
Rgds
Murali. N

Looking to configure a Late payment process within Collections

I am looking to implement a follow-on late payment process within the Collections Management process for past due invoices. Has anyone done this before and if so any considerations or challenges to the process? Basically as invoices fall in arrears the specialist would have the ability to create a debit memo request in reference to the late invoice for a percentage of the open amount. This would be within the Process Receivables tab. It would go through an approval process and as approved would become a debit memo for the "late payment" with reference to the debit memo request.
Any thoughts?

I would look at what you can achieve in the standard FI-AR Interest process.
I dont believe there is functionality in Collections Management for this. One of the main processes is to not update FI-AR from Collections Management.
You do have the ability to add function buttons into Collections Management (Process receivables) after Enhancement Package 5

Late payment question

Similar Messages

Maybe you are looking for