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Today's video will guide you through the process of removing late payments from your credit report, as demonstrated with the speaker's clients. Beneficial for those with less than excellent credit, each point on your credit score can significantly impact your financial options. A great credit score can lead to substantial savings over time. Before delving into the step-by-step process, the video explains what late payments are and how they can affect your credit score, which is a crucial factor in loan approvals, credit card applications, and interest rates.