YOU MUST KNOW..Why Isn T My Mortgage On My Credit Report

This is because the credit bureaus have very strict requirements that lenders must follow when reporting payments. If your mortgage has vanished from your report or shows the wrong amount it could be due to a simple human error.

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I bought a credit report from Experian and they were rightthe 2nd mortgage was gone.

Why isn t my mortgage on my credit report. Get Tools You Wont Find Anywhere Else like CreditCompass Personalized Video Updates. So if the mortgage company decides to report on the credit it could be perceived as theres trying to collect on a debt. Achieve Credit Wellness with TransUnion.

Ad Put Powerful Tools to Work Your Mind at Ease. Thats a major violation a major violation of all the different bankruptcy laws. This can subject them to a discharge violation with the bankruptcy court and is also a violation of the FCRA Fair Credit Reporting Act.

Because of the discharge the mortgage company is not permitted to report anything on the account including payments balance or missed payments. Why Isnt My Mortgage on My Credit Report. You recently filed for bankruptcy.

Were in the middle of the mortgage process and we were just informed that our lender bank cant pull one of our credit reports from Equifax. Spelling and typing errors in names or Social Security numbers mean the. Get Tools You Wont Find Anywhere Else like CreditCompass Personalized Video Updates.

Youll also need to give the bureau the. May 23 2013 430 AM. The three credit bureaus will let you add it but youll have to make this request in writing.

Theres a reporting delay One of the most common reasons you dont yet see your mortgage on your credit report is because theres been a simple reporting delay. Certain types of bankruptcy can result in a mortgage being wiped from your credit report. Ad Put Powerful Tools to Work Your Mind at Ease.

Second chances are that the debt was not reaffirmed. Although this is a benefit should you. They explained to me that the bank probably still has a 2nd position 2nd to Wells Fargo lien on the house and that I most likely wouldnt be able to refinance the 1st.

Unless you sign a reaffirmation agreement your mortgage will likely fall off your credit report. There are several possibilities why the mortgage is not on the credit report. Achieve Credit Wellness with TransUnion.

Your mortgage will not. A mortgage can provide a strong positive reference on credit reports and boost your credit. If the debt is not reaffirmed there is no guarantee to the mortgage company that the.

Your mortgage is not likely to ever appear on your credit report if you opted for owner financing or another type of nontraditional financing. For most people it can take. They said it was because of a security.

Filing for Chapter 7 bankruptcy for example will wipe out all of your debt. How long it takes for lenders to share information with the Credit Reference Agencies CRAs is the most common reason for missing information.

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