     Steven Kallestad (Steve) | Wednesday, June 07, 2000 - 09:24 am 
I just read the page at www.bayhouse.com about a client's credit report that changed dramatically in a matter of days...
I have another one for you. I'm purchasing a house right now and have been working with a mortgage broker a great deal. When we started out, my FICO score was around 630 on all my credit reports. I had a few collections that were paid, and not showing as paid. I also had duplicate collections listed (same collection, different account #).
I went to an agency that deals with those kind of problems, and they disputed the information for me. I recently received two of my credit reports back, each showing 2 paid collections vs. 4 unpaid collections as they showed earlier.
On a whim, I test drove a new car, and the deal looked good. The dealership ran my credit, and guess what? My FICO score was 526. Over a 100 point drop in two months, with absolutely no change other than the removal of collection info and updating other collection info to PAID!
Needless to say, I walked out. I am very concerned however, with my mortgage. |
