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When dealing with late payments, it's important to understand that while they may seem reportable, the law actually permits them. To address this, you should draft a letter to the relevant reporting company, such as XYZ Financing, which is providing information to credit bureaus like Experian. Begin the letter by stating that you recently reviewed your credit report from Experian, TransUnion, and Equifax and noticed late payments listed. Clearly identify the specific accounts in question. Mention that these entries violate the law under 15 USC 1681b regarding permissible purposes of consumer reports. By enforcing your rights, you can demand necessary corrections.