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!
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