Potentially negative info on my credit report - mortgage
Date: Tue, 05/01/2012 - 09:13
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
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
Have you tried contacting your lender and asking them to report
Have you tried contacting your lender and asking them to report the information accurately?
Hi, If you think the information is not correct, you can disput
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.
