     Ann (Momof3) | Tuesday, March 27, 2001 - 08:57 pm 
Christine has posted complaints that deal directly with our problem on our credit reports. I am very concerned because even though the last day of activity is 12/1995, they are reporting this account and "open" and currently delinquent and I am told this must be paid prior to mortgage, trouble is when this is paid they will mark it paid and change the LDA to this current year. I was told that FHA requires a 24 month good payment history and this will not look like we have been current, although we have for many years. Will this severely hurt our chances for a mortgage or will I be able to show the prior report and explain these horrible tactics from this company?? |
| Don Semler (Dsemler) | Wednesday, March 28, 2001 - 05:55 pm
We look at the date the account became delinquent. Not necessarily that DLA. However, with that said, it always looks better if the account was paid a while ago instead of right before you want to try and buy a home.
In either case, it will have to be paid. |
| Ann (Momof3) | Wednesday, March 28, 2001 - 06:10 pm
See that is the problem they are showing this as "currently" delinquent as of 2/2001 of this year!! And I know that once it is paid this company will change the LDA to the present. That is why I refuse to pay this until they report it correctly. I also was told by some that having this account paid was up to the underwriter/lender. A friend of mine just recently received an FHA loan, and DID NOT have to pay a few unpaid collections. I am confused, I know she got the mortgage b/c I was just at her new house!!
But since I have reports that clearly show the true last activity and payments were made in 12/1995, will this be enough proof to show the lender?? |
| Don Semler (Dsemler) | Thursday, March 29, 2001 - 03:54 pm
She most like did not have to pay them because her file was probably approved throught ehautomated U/W systems. If it goes to a human, it must be paid.
Don't worry about the current date. What is the date opened? That's what matters. |
| Ann (Momof3) | Thursday, March 29, 2001 - 06:51 pm
Thanks Don, there is NO open date, the only date listed is the LDA and that is 12/1995. |
| Don Semler (Dsemler) | Tuesday, April 03, 2001 - 06:26 pm
12/95 - not a problem. |
