I’m glad I saw this video because I know a late payment shouldn’t be reported if it’s past 30 days but they did so anyways and I was literally 1 week late from due, i stg. I’m still fighting it as we speak but I will do this method if current one doesn’t work.
The law about lates not being allowed on your credit reports is found in the UCC. I have used it for years. Furnishers/alleged creditors operate in commerce and are required to abide by the UCC. Basically what this code says, is that if you are late, you are in dishonor. Once they accept a future payment, they MUST treat it as never having been late - "never being in dishonor." THAT'S THE LAW.
@@Naawynn.627 I'm not worried. It's not my credit but when people need help, I love sharing it. I've been in it for almost 40 years and use a lot of law. Not trying to steal clients. I have more than I need. Maybe it will help you too. My apologies if you didn't know it or didn't want to share some knowledge that most others don't know.
Do you just send that to the credit bureaus or to the lender? I had perfect payments on my car loan except for once back in May when my checking account changed so auto pay didn’t go through. The lender won’t change it when I call them.
Well they have 30 days to respond to you not to complete their investigation. So they will often send a letter saying they are investigating and that will comply with the 30 day requirement.
I co-signed for my friend and he is constantly being late and my account as tanked. He got all the late payments and still being late. This is a nightmare. How could I fix this?
As a co-signer, you are responsible. So, you're going to have to dispute the lates on your own report. Hopefully they will remove them off your credit reports because they can keep them on the reports of the person you cosigned for. You may have to really go hard after the pretender lender as to how it was funded in the first place because the truth is, it's against the law for banks to lend their money from their assets or their depositor's assets and it's against the law for them to lend their credit. What they do is lend you YOUR CREDIT from your signature on a negotiable instrument, exchange it through the Fed Reserve and fund your account that way. So, they failed to disclose that via the contract and the contract is void because they failed to provide full disclosure, failed to provide consideration and fail the element of Equal Risk, required for a valid contract.
For those in this situation, you will need to dispute to have the account removed from your credit reports. If you get it removed, it doesn't get rid of the account, just the reporting of it. The best way to do this is to challenge the bureaus on the errors and demand they conduct a reasonable investigation and provide the documentation acquired through their supposed investigation. They won't give it to you. Their claim will be hearsay and according to case law, hearsay is incompetent and inadmissible. Keep disputing different things and demanding proof of the verification and documentation. You need to change each dispute but also call them out for not providing the documentation of the investigation. After that, take them to small claims court. You aren't suing them for whether or not the lates are accurate, you're suing them for their failure to remove unverified information, failure to conduct a reasonable physical investigation, falsely claiming that the dispute is resolved when if you are still disputing it, it is not resolved. They are REQUIRED to remove inaccurate, incomplete, or unverifiable information. These bureaus and creditors refuse to follow the law in most cases these days and no one or any agency enforces the law agents these bad actors. You have to take it to court for your remedy.
I cosigned for a vehicle for my brother. He quit making payments and my credit tanked. I tried to repossess his truck and the finance company said I had no legal right to do so. I told them where the vehicle is and they refuse to go get it. Please tell me there are legal steps I can take without filing bankruptcy to repair my credit. Everything I have is 100% on time payments except for his truck
Yes , you can repossess the truck because you are the co-signer meaning If he can’t make the payments you are liable for the that truck they’re lien to you . If that was me I would report them
My brother has traded the truck for another vehicle. The tow truck company that has the truck has removed the vin. I tried getting the cops out there and was told it's a civil matter. The prosecutor also said I can't report it stolen because my brother traded the vehicle. Basically, if you co-sign in Arkansas you're screwed
@@wormjad1973 I'm so sorry for this situation. Now you may have a repo come on your credit report unless he actually sold it and whatever he had received for it went to the "lender." They will at least put a charge off on there most likely if they didn't get full payment. You'll have to dispute this like a charge off and require full documentation proving the accounting or if a repo, dispute the accounting and proof they followed all the laws regarding repos for your state, which require specific notifications by certain deadlines. They usually don't follow everything correctly and also, if they did a repo, then they failed due process because its a civil disagreement that has to be settled in civil court. You can't just take something for non-payment. They have a burden of proof required and a judgment and order from a court. They don't follow the law because people don't understand their rights and they get away with it. Oh, and a tow company has no right without consent from the registered owners to take a vehicle. Just FYI.
@@wormjad1973 At least now, since he traded it in, your report should show a $0 balance. That helps your credit a little bit. You will need to review that tradeline and find any and all mistakes on it and dispute each one with the credit bureaus. Don't dispute all the errors at one time. Dispute one error, ask for a reasonable investigation and for them to provide you with the documentation proving they did the investigation and a statement of verification from the furnisher or them, signed under penalty of perjury in compliance with federal law. When you get the response, it will be lacking the proof and the verification. Next dispute another error and call them out for not providing proof of a reasonable investigation and lacking the required verification. Keep doing this, one error at a time. Then, take copies of all your disputes and all their responses, all your credit reports and sue them. You want the judgment against them to require removal of the unverified account. It should be removed from your consumer report but it will stay on his since he didn't dispute or sue them.
What if I already finish paying off the loan and my account is already closed (paid off) but I have late payments on my credit report that happened during the time my account was still open. Can I remove those? note that all this reported late payments are more than 2 years old. Please advise. Thank you.
hi there im not able to open the first dispute letter when i click the link it takes me to the Disagreement with investigation letter can you please share the first one with me? thank you
You can dispute all late payments in one letter but it's most important to dispute the most recent ones and you can just do those over and over until hopefully those come off. Then you go after the older ones. Either way is okay.
Hi Naam, You mentioned at 29:30 regarding closed accounts with late payments. I have a timeshare, we fell behind on the payments and the company reached out to us to lower the amount of points we purchased to help with the monthly payment. The representative we spoke to said the old contract will be "satisfied" and we would be opening a new contract with the remaining balance. In essence the old contract will be fully paid off--he said in doing so those late payments will be removed from our report. Is this true? Appreciate the info thank you. Since falling behind, we have caught up with the payment, but the thought of lowering out points, monthly payment, and maintenance costs seems ideal.
I had a three-year car lease with Kia, it closed in 2018, for some reason one agency has: - 100% payments made, all green checks but say 1/0/0 for 30 days late. second has: - 2 red X for late 60-90 days 98% payments 3.) 1 red X 30 days late. it’s 5+ years old, going on 6…idk why it would have ever been reported late as it was the final 2 months before I brought the car back to lease again. The account was always paid…anyway is it even worth trying to dispute this as it’s so old an only 1-2 payments out of 36…
Yep. They make the accusation, they bear the burden of proof. You need to dispute requiring a full accounting, and when I say full accounting I mean a fully audited GAAP accounting. It's in the federal code.
@@superstitiouspre-literatep9730 This was great information! This is the kind of info that needs to be given to our youth as they venture out into the world of entrepreneurship. This was very easy to understand and straightforward. Thank you *PLUTO TECHIE* for this your credit repair and funding method!
To me, goodwill letters admit that you in fact did make the payment late. With that information, most companies won't remove past late payments. Consumer law typically takes care of this.@@biggthirsty2089
It's only legit if they can prove it and that requires a full accounting and a letter of verification, sworn under oath or per federal code for an unsworn verification signed and dated under penalty of perjury!
If they correct the error then hopefully that tradeline is in a positive status and it helps your credit score and the way future lenders look at your profile and credit eligibility.
The confidence you take in your work is really inspiring and amazing, special thanks The time and efforts you had put into deleting all inquiries and collections is beyond excellence. Take my cordial thanks! You are really an efficient, organized and result-oriented man Thank you for all the extra hours and extra effort you had to put on for getting this job done. I appreciate every bit of your effort. Thank you *PLUTO TECHIE* for pulling this off so smoothly...
I’m glad I saw this video because I know a late payment shouldn’t be reported if it’s past 30 days but they did so anyways and I was literally 1 week late from due, i stg. I’m still fighting it as we speak but I will do this method if current one doesn’t work.
did it work?
The law about lates not being allowed on your credit reports is found in the UCC. I have used it for years. Furnishers/alleged creditors operate in commerce and are required to abide by the UCC. Basically what this code says, is that if you are late, you are in dishonor. Once they accept a future payment, they MUST treat it as never having been late - "never being in dishonor." THAT'S THE LAW.
You don’t need to worry about it.
Gmall
-Naamwynn72
Fwd your comment there
@@Naawynn.627 I'm not worried. It's not my credit but when people need help, I love sharing it. I've been in it for almost 40 years and use a lot of law. Not trying to steal clients. I have more than I need. Maybe it will help you too. My apologies if you didn't know it or didn't want to share some knowledge that most others don't know.
Do you just send that to the credit bureaus or to the lender? I had perfect payments on my car loan except for once back in May when my checking account changed so auto pay didn’t go through. The lender won’t change it when I call them.
Well they have 30 days to respond to you not to complete their investigation. So they will often send a letter saying they are investigating and that will comply with the 30 day requirement.
I made 2 late payments on a fully secured loan
I co-signed for my friend and he is constantly being late and my account as tanked. He got all the late payments and still being late. This is a nightmare. How could I fix this?
Nice work naam!
I’m having the same issue! Any tips
Same for me too!
As a co-signer, you are responsible. So, you're going to have to dispute the lates on your own report. Hopefully they will remove them off your credit reports because they can keep them on the reports of the person you cosigned for.
You may have to really go hard after the pretender lender as to how it was funded in the first place because the truth is, it's against the law for banks to lend their money from their assets or their depositor's assets and it's against the law for them to lend their credit. What they do is lend you YOUR CREDIT from your signature on a negotiable instrument, exchange it through the Fed Reserve and fund your account that way. So, they failed to disclose that via the contract and the contract is void because they failed to provide full disclosure, failed to provide consideration and fail the element of Equal Risk, required for a valid contract.
For those in this situation, you will need to dispute to have the account removed from your credit reports. If you get it removed, it doesn't get rid of the account, just the reporting of it. The best way to do this is to challenge the bureaus on the errors and demand they conduct a reasonable investigation and provide the documentation acquired through their supposed investigation. They won't give it to you. Their claim will be hearsay and according to case law, hearsay is incompetent and inadmissible. Keep disputing different things and demanding proof of the verification and documentation. You need to change each dispute but also call them out for not providing the documentation of the investigation. After that, take them to small claims court. You aren't suing them for whether or not the lates are accurate, you're suing them for their failure to remove unverified information, failure to conduct a reasonable physical investigation, falsely claiming that the dispute is resolved when if you are still disputing it, it is not resolved. They are REQUIRED to remove inaccurate, incomplete, or unverifiable information. These bureaus and creditors refuse to follow the law in most cases these days and no one or any agency enforces the law agents these bad actors. You have to take it to court for your remedy.
I have 1 late payment on a credit I called ask them to remove it and they said no to go to the credit reporting companies
Yeh will tell you on what to do!
Gmall
-Naamwynn72
Fwd your comment there
So when there is an accuracies, do you go at all three credit consumer report agencies or just the one is reporting the in accuracy?
Definitely and do you wants to know more about it ?
@@fenardomike4228 You dispute with only the bureau(s) that are reporting it.
You dispute with any agency that is reporting inaccurately.
Does this work on a mortage late payments ?
Yeah I can tell you on what to do
Gmall
-Naamwynn72
Fwd your comment there
I don't see the addresses for each credit reporting agencies.
Fwd this comment there
I cosigned for a vehicle for my brother. He quit making payments and my credit tanked. I tried to repossess his truck and the finance company said I had no legal right to do so. I told them where the vehicle is and they refuse to go get it. Please tell me there are legal steps I can take without filing bankruptcy to repair my credit. Everything I have is 100% on time payments except for his truck
Yes , you can repossess the truck because you are the co-signer meaning If he can’t make the payments you are liable for the that truck they’re lien to you . If that was me I would report them
My brother has traded the truck for another vehicle. The tow truck company that has the truck has removed the vin. I tried getting the cops out there and was told it's a civil matter. The prosecutor also said I can't report it stolen because my brother traded the vehicle. Basically, if you co-sign in Arkansas you're screwed
@@wormjad1973 I'm so sorry for this situation. Now you may have a repo come on your credit report unless he actually sold it and whatever he had received for it went to the "lender." They will at least put a charge off on there most likely if they didn't get full payment. You'll have to dispute this like a charge off and require full documentation proving the accounting or if a repo, dispute the accounting and proof they followed all the laws regarding repos for your state, which require specific notifications by certain deadlines. They usually don't follow everything correctly and also, if they did a repo, then they failed due process because its a civil disagreement that has to be settled in civil court. You can't just take something for non-payment. They have a burden of proof required and a judgment and order from a court. They don't follow the law because people don't understand their rights and they get away with it. Oh, and a tow company has no right without consent from the registered owners to take a vehicle. Just FYI.
@@wormjad1973 At least now, since he traded it in, your report should show a $0 balance. That helps your credit a little bit. You will need to review that tradeline and find any and all mistakes on it and dispute each one with the credit bureaus. Don't dispute all the errors at one time. Dispute one error, ask for a reasonable investigation and for them to provide you with the documentation proving they did the investigation and a statement of verification from the furnisher or them, signed under penalty of perjury in compliance with federal law. When you get the response, it will be lacking the proof and the verification. Next dispute another error and call them out for not providing proof of a reasonable investigation and lacking the required verification. Keep doing this, one error at a time. Then, take copies of all your disputes and all their responses, all your credit reports and sue them. You want the judgment against them to require removal of the unverified account. It should be removed from your consumer report but it will stay on his since he didn't dispute or sue them.
I don’t see a link for the good will letter
I'm available for Qs via my above address
What if I already finish paying off the loan and my account is already closed (paid off) but I have late payments on my credit report that happened during the time my account was still open. Can I remove those? note that all this reported late payments are more than 2 years old. Please advise. Thank you.
Thank you for commenting! due to privacy reasons and basically because of RUclips’s new policy, fwd your concerns and this comment over there.
To see were to you can click Newest from this comment section.
GmalL
Naamwynn65
hi there im not able to open the first dispute letter when i click the link it takes me to the Disagreement with investigation letter can you please share the first one with me? thank you
bit.ly/3k7wYOW
Do you send the goodwill letter to the credit bureau or creditor?
Creditor
I just emailed you a question
Where?
For privacy reasons and basically because of RUclips’s new policy, fwd your question over there.
GmalL
Naamwynn65
What if you have multiple late payments? Would you send a separate letter for each late payment? Or would you dispute all late payments on one letter?
I got your software yesterday. And it is great!
You can dispute all late payments in one letter but it's most important to dispute the most recent ones and you can just do those over and over until hopefully those come off. Then you go after the older ones. Either way is okay.
Can you delete the account when it's closed?
Yes
I'm available for Qs via my above address
Are you still helping out clients?
Unfortunately not. I just have my DIY software and other resources.
Hi Naam, I just emailed you with a question. Please help! :)
What if I called and got accounts updated after missed payments? would that count as me going past the point of no return
GmalL
Naamwynn65
Due to privacy reasons fwd this comment over there right away.
Hi Naam, You mentioned at 29:30 regarding closed accounts with late payments.
I have a timeshare, we fell behind on the payments and the company reached out to us to lower the amount of points we purchased to help with the monthly payment. The representative we spoke to said the old contract will be "satisfied" and we would be opening a new contract with the remaining balance. In essence the old contract will be fully paid off--he said in doing so those late payments will be removed from our report. Is this true? Appreciate the info thank you.
Since falling behind, we have caught up with the payment, but the thought of lowering out points, monthly payment, and maintenance costs seems ideal.
What kind of account is the time share reporting as ?
I would get that offer in writing because they don't always remove the lates as they claim. Seen it many times.
@@jaysteph3167 Those fall under installment accounts but they can also show as timeshare, mortgage, real estate loan.
I had a three-year car lease with Kia, it closed in 2018, for some reason one agency has:
- 100% payments made, all green checks but say 1/0/0 for 30 days late.
second has:
- 2 red X for late 60-90 days 98% payments
3.) 1 red X 30 days late.
it’s 5+ years old, going on 6…idk why it would have ever been reported late as it was the final 2 months before I brought the car back to lease again. The account was always paid…anyway is it even worth trying to dispute this as it’s so old an only 1-2 payments out of 36…
Yep. They make the accusation, they bear the burden of proof. You need to dispute requiring a full accounting, and when I say full accounting I mean a fully audited GAAP accounting. It's in the federal code.
I’m using Identity Iq, what if all 30 day late payments match on all 3 bureaus?
You can still attempt to dispute, but chances are lower since the info may be accurate
Always remember that the burden of proof lies with the accuser. They have to prove it.
Do you still repair credit?
Hey man! Sorry, I don’t take on clients anymore
@@NaamWynndo you have anyone you can recommend?
@@superstitiouspre-literatep9730 This was great information! This is the kind of info that needs to be given to our youth as they venture out into the world of entrepreneurship. This was very easy to understand and straightforward. Thank you *PLUTO TECHIE* for this your credit repair and funding method!
I'm glad I got the privilege to learn about their name, their name is simply spelt as *pluto techie*
@@superstitiouspre-literatep9730
I don't believe in goodwill letters
Worked for me
So what is your strategy
To me, goodwill letters admit that you in fact did make the payment late. With that information, most companies won't remove past late payments. Consumer law typically takes care of this.@@biggthirsty2089
It didn’t work for me they claimed they didn’t have the means to remove the late payment, which was a lie!
I just recently got one late payment removed with a Goodwill Letter
You are just screwed for 7 years if the late is legit😢
It's only legit if they can prove it and that requires a full accounting and a letter of verification, sworn under oath or per federal code for an unsworn verification signed and dated under penalty of perjury!
Why is he so damn cute.. really friggn cute.
It's possible to speak slowly. Thanks
In the settings at the corner of the video change the playback speed to be slower. “Thanks” for your complaining. It’s free information lady.
I had a late payment reversed 6 months ago by the company that reported it late and experian still hasn’t updated it
Try disputing
If that doesn't work report Experian to the CFPB
hi i have a question,
What if the bureaus correct the error rather than delete it, what do you do then?
Thanks
If they correct the error then hopefully that tradeline is in a positive status and it helps your credit score and the way future lenders look at your profile and credit eligibility.
oh well I'll pay cash for everything
My agency does this whole process.
Hope you understand?
The confidence you take in your work is really inspiring and amazing, special thanks The time and efforts you had put into deleting all inquiries and collections is beyond excellence. Take my cordial thanks! You are really an efficient, organized and result-oriented man Thank you for all the extra hours and extra effort you had to put on for getting this job done. I appreciate every bit of your effort. Thank you *PLUTO TECHIE* for pulling this off so smoothly...
Why do you have to do the credit freeze first?
When repairing your own credit do you suggest freezing secondary bureaus?
Yes
Hi naam my name is Jose can u help me fix my credit i was doing fie but when covid hit i had oi work
Please I don't see the description. Can you please show me where I can find it?
Hello, thank you for watching! Fwd this comment straight up over there right away .
GmalL
Naamwynn65