Dear Nelli,
I checked my credit reports today and on Equifax report under "Potentially Negative Information" is my home mortgage info. Even though it shows I "pay as agreed," it states that my "credit limit" is $125,600 but my "balance" is $136,594.
In Nov. 2009 my mortgage loan was modified - amount increased (all legal fees etc. added to the my balance), rate lowered and loan changed to 40 yr. fixed rate loan. When I look at my credit report, I have an impression that I am "over limit" with my mortgage company, WAY over limit, that is. Is there anything I could do about it? Ever since the modification, a different bank has taken over servicing my loan. My loan has been sold/changed hands at least 3 times since the original papers were signed in 2005. What would you advise? To contact the bank which currently services my loan and ask them to change this information? Or dispute the matter directly with Equifax? I have been faithfully making payments and am in good standing with the bank. And I am not "over limit."
Thank you in advance for your reply!
Sincerely,
Anne
Debt Samaritan
Posts: 5223
Credits: 71531.366580171 Send message to OhioGal1
Have you tried contacting your lender and asking them to report the information accurately?
I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.
Posts: 39
Credits: 1580.15 Send message to tiarajoseph11
Hi,
If you think the information is not correct, you can dispute it with the credit bureau with a copy to the lender. To dispute the item, copy your Equifax report, underline the item you need ti dispute and provide necessary documents to support what you're trying to dispute.
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