Jump to content

How can I get 2 year old late payments removed from current auto loan.

Recommended Posts

I have an auto loan that I am still paying on. I was late a few times over 2 years ago.  How do I get those late payments removed? I tried disputing and they verified the late payments. I tried a good will letter and that didn't work. I made large lump sum payments on the account and asked them over the phone to remove the late payments and that didn't work.  Any ideas? The loan is financed with M & T bank. The late payments are stopping me from obtaining new auto financing although my scores are in the mid 700s. 



Link to post
Share on other sites

By themselves a handful of 2+ year auto loan lates shouldn't stop you from getting auto financing today.  


To whom did you send the goodwill letter, and was this before or after you disputed the trade line?



Link to post
Share on other sites

Concurring with CV...a few lates on an otherwise clean report shouldn't be an obstacle with most lenders.  I could see a JJ Best or other collectible financier being concerned, but one of the major mass producers isn't going to sweat a few lates on a current account.  If you were upside down by a bunch, I COULD see that being problematic...

Link to post
Share on other sites

And, just to tackle this from another angle ... who denied your credit application because of the late marks?  It may be that someone has constructive suggestions on what might smooth that difficulty over with that/these specific issuer(s).

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Member Statistics

    • Total Members
    • Most Online

    Newest Member
  • Create New...

Important Information