Wrong Credit
OK here's one for you. I have been trying for MONTHS to clear our credit . Disputing with Transunion, etc. In the process of reporting fraud on my husband's report., a old company's tax lien on our personal report .
Yesterday I received an updated report from TU. They ELIMIANTED my current and active mortgage company from our reports! How could that happen? I had not even requested that! Wwe've been current since July and previously 1 time 30 days past due.
I can't believe such inadequate reporting runs our lives. So, now again, i have to send letters to them!
STOP RIGHT THERE! Even if they eliminated your current mortgage from your history, it's not necessarilly bad. Many mortgage companies still don't even report to the bureaus, and when someone wants a mortgage reference they have to send them a letter to get a payment history. If you have had a 30 day late on a mortgage, the negative "points" will outweigh the positive "points" of having the mortgage on your credit.
Ha! I thought of that first! However, we were trying to finance a new rental property and it was obvious to the broker that something was wrong on the report. I am not going to do anything. now we just have to get creative on financing the property.... ugh