Streamline Your Process with a Late Payment Reminder Letter for Administration

Late payment reminder letter for Administration

I'm going to teach you the fastest and most effective ways to delete late payments from your credit reports now before we jump into the video I want to give you a quick breakdown of the different types of actual late payments and how they affect your credit score there are four different types of lay payments a 30-day a 60-day a 90day and a 120-day lay payment each one of these hold a different type of weight against your credit profile and everyone's is going to be different so I may lose 60 points you may lose over a 100 everyone's going to be different because every credit profile is not the same but understand one late payment can drop your credit score all the way up to 120 points overnight it's insane and also be aware the most weight that it's going to hurt your credit score is going to be the first two years from when you get the actual late payment it's going to hold its weight for those full 2 years and then after 2 years it will slowly start to lose its weight any creditor or lender or anybody that you're trying to get any type of form of credit does not want to see any late payments in the most recent 12 to 24 months that's the reason why it holds so much weight in those 24 months we want to try to reverse the late payment or delete the late payment but we do not and I repeat do not want to delete the entire account because there's amateurs out there on social media they're going to tell you oh let's just delete the whole account yeah if you delete the whole account genius you're going to rip away all of that positive payment that's actually on that account account so if it's been open for 2 years 3 years 5 years 10 years and you're trying to actually delete the account because of one even three or maybe even six late payments you're going to destroy someone's credit profile and you do not want to do that this is not legal advice or financial advice and I am not an attorney rule number one that you need to understand we want to dispute the late payments first we want to dispute them with the actual credit reporting agencies not the creditors but directly with the credit reporting agencies we want to get them to reverse them or delete those late payments it's very important to understand that you have two different options on how to attack late payments option number one is you dispute it directly with the credit reporting agencies and then option two is to ask for forgiveness with the actual creditor that actually marked your credit report as you were late the credit card company the loan company for your car for your student loans whoever may be the actual creditor but remember this this is the Golden Rule very important to understand about this process you don't want to admit to them that you were late and send them a forgiveness let say hey please forgive me you just start off right out the gate like that because guess what you're admitting to the late payment they're going to come back and dispute it when they actually have proof that you admitt it to the lay payment so let's not actually admit to it how about we dispute it first with the credit reporting agencies but if you're hard-headed and you just want to skip straight to the actual forgiveness then do you boo but understand you're hurting yourself in the long run because if they don't reverse it you could potentially be in a bad spot where it never gets reversed so I'm going to give you both options and you're going to have to make the adult decision on which path you want to take Now understand if you are going to dispute with the credit reporting agencies I'm going to give you four letters that you can actually use now these are template letters that I created just for you and understand something you have to change the words to make them sound like it's coming from you and not an actual professional it's okay to change all of it as a matter of fact I want you to change all of it as much as you possibly can don't be lazy okay I'm going to call you out don't be lazy and actually change them so it sounds like it's coming from a real human so I'm going to put the letters up on the screen we're going to put up letter number one I'm not going to read all of them but I want to give you the gist of what they actually look like uh I recently looked at my credit reports and I noticed you are reporting some late payments that are not accurate and I would like you to update these late payments to on time paid as agreed I have listed the account name and account number below along with date you are reporting late those dates need to be changed to paid as agreed as you can see you'll put your account name your account number the dates that are reporting not accurate please fix this immediately as it is hurting my chances of buying a new home and these lay payments are not accurate thank you for your help sign your name and put your address and all the information on there also now we're only going to do one to four rounds at maximum at maximum you should only dispute late payments six rounds that's a lot that's a long time but some people refuse to give up and we've seen them get reversed towards the end it happens because everyone is going to to be different now that was your round one letter you're going to send it out certified mail you're going to wait 35 to 45 days maximum okay and then once you get a response or you don't get a response let's say they don't do anything they don't reverse it now you go on to letter number two that is late payment round two let's put that up on the screen so everyone can see it I'm not going to read it I'm going to leave it up on their screen so you can pause the video screenshot it and then you're going to type it up on your own now let's move on to round number three this is your third letter okay now I'm not going to read it again for you we're just going to keep it up on the screen for a minute right here pause the video screenshot it and save it and then you'll type it up all on your own also now in my personal opinion if they don't respond they don't reverse it in the third round the fourth round should be your fourth and final letter okay now I'm going to put it up on the screen right here so you can see it make sure to pause the video screenshot it and save this and send it to all your friends that need help with late payments also so remember that you can share this with all your friends but remember you must change everything in the letters I want to give a special shout out to all my beaster out that are working hard to fix their credit using dispute Beast the most advanced AI credit repair software ever created and specifically to Wesley whose Wesley's credit score went up over 226 points after just two rounds with dispute beast and also Marcus marcus' credit score went up 337 points after just two rounds with dispute beast and let's not forget Richard Richard's credit score went up 446 points after just one round with dispute Beast dispute Beast is going to be pinned at the very top of the comp comments and in the video description for anybody that needs to fix their credit last part's the most important but see exactly what we did we are using the terminology that the credit reporting agencies use we want them to change it to paid as agreed because if we can get them to reverse those late payments to on time and paid as agreed you will get those points back and that's exactly what we want now if the credit reporting agency does not do anything they say oh they're accurate they're complete there's nothing we can do here then your final option is to send an email to the actual CEO of the company so as an example if you got a late payment with we want to find the email address for the CEO of capital 1 if you got a late payment with Toyota financial we want to find the email address for the CEO of Toyota financial and we are going to email them directly to their email inbox now there is a Secret website that a lot of people don't talk about in the industry that website is called ceo.com again the website is called CEO email.com this website is 100% free Now understand that in order to maintain this website they are running ads do not click on any of the ads and then don't come into the comments saying it's not free Mike it's trying to charge me you clearly clicked on an ad I'm telling you the site is 100% free now once you do that it's going to put everything in alphabetical order so as an example we're just going to go to the letter c for and you'll see it right there at the very top it'll say CEO email addresses for us companies and now because we're looking for we're just going to click on the letter c now you have to pay attention because there's different CEOs for different actual sectors of as an example so you see there's Finance and then you scroll down there's bank and then you scroll all the way down whoever put this here put right there credit cards Capital 1 Auto Loans all of these are in the same category and all you have to do is right there it says Financial corporate CEO email address click on it and then it's going to load up and now you have the email address for the CEO of because you got a late payment with them and now we're going to send them an actual email now I'm going to put this template up on the screen and I'm going to read it for you you can take this and change it and tell them your story this is your chance to tell them exactly what happen and be honest and sound like an actual human being so in this letter first I want to thank you for taking the time to read my email email is I could imagine that you are super busy I have been a loyal customer to Capital 1 for over 5 years and I unfortunately went through a financial hardship and I was unable to make my payment on time I am now on time and I've been working to get myself back on track my lease is about to end here at my rental house for me and my kids and I'm looking to purchase a home I asking that you be so kind and help me change these lay payments from late to on time this will help our family get approved for a new home if we cannot change this there's 's a huge chance that we that we may become homeless and you are my last hope I hope that that you can help us thank you for your time and sign your name and like I said in the beginning of the video if you want to skip the disputing process and go here that's up to you but here is the actual template ER that you can use now remember change this up so it sounds like it's coming from you tell them your story don't be afraid to make sure that you send this from your actual email address that you're going to consistently check because you're going to be shocked that these actual CEOs are checking these emails listen I know that I made this super super simple and I made it look like it's really easy to reverse lay payments but in all actuality late payments are an absolute nightmare some people can reverse them some people can delete them and some people can never actually reverse them whatsoever everyone's going to vary from person to person and like I said lay payments are thorn in my side they're one of the biggest nightmares that you have to deal with but understand if you can't reverse it after those 2 years have passed from when you got the initial lay payment the weight will start to wear off once you hit 24 months so I hope you enjoyed this video we covered another big one on how to delete or reverse or get them to forgive your lay payments now make sure that you watch this next video because it is about how to deal with collections on your credit reports and if you felt that I brought you some value in this video make sure that you don't forget and subscribe to increase your credit score