An Active Duty Veteran recently was denied a VA home loan due to having late payments on their credit report. They want to know what to do for the future?

WHAT THE VA LENDER'S HANDBOOK SAYS CONCERNING LATE PAYMENTS ON ACCOUNTS

In circumstances not involving bankruptcy, satisfactory credit is generally considered to be re-established after the veteran, or veteran and spouse, have made satisfactory payments for 12 months after the date of the last derogatory credit item(s). When the underwriter analyzes the borrower's credit; it is the overall pattern of credit behavior that must be reviewed, rather than isolated cases of slow payments. Account balances reduced to judgment by a court must either be paid in full or subject to a repayment plan with a history of timely payments. If you re-establish good credit over 12 months, you can re-apply for a VA loan at that time.