Just pulled my experian report today. And shows i am 30 days late, made my feb 07 pymt on mar 1, which shows posted to my mortgage company account on that day.How is that 30 days past due which shows on my report my calculations say 28 days.I dont believe they can legally report me 30 days past due.
I recommend that you talk to your mortgage company, and see if they will remove the 30 day late as a goodwill measure. If you've had a good history of payments with them, (and you had a good reason for the late payment), I'm sure they will remove the negative mark. If you do not get results with the representative you speak with, ask for the next person up the chain of command, be persistent but polite, you stand a good chance of getting this removed.
Just talked to them yesterday.I asked them the reason why they are reporting me 30 days past due, and the reason they gave me was it was not recieved by the end of the month,therefore we consider it past due 30 days.That was the exact reason they gave me.And they said no they wont remove the 30 day late.BTw I have had this mortgage 2 years and never have been late great pymt history.Tried disputing item,and when i hit the button to confirm it said error this item has already been investigated and is verified.I have never disputed this item,as i have never been late.What can i do next please.
Credit reporting is required by Federal law (FCRA) to be "accurate". Creditors can't legally report anything they want, just because they "consider your payment 30 days late." 20 days or 28 days is not 30 days, and they are falsely telling all your creditors that you were late by 30 days. Have you brought this matter to their attention, in writing, CRRR? Indicate in your letter to the mortgage company compliance officer that your letter is a dispute, under FACTA, of their erroneous reporting. Compose your letter with an eye toward the fact it may be read by third parties and in a court. Under FACTA, you can dispute directly with any data furnisher. Do so, including a redacted copy of your credit report (block or black-out all other accounts on your credit report) clearly showing that their account is erroneously reporting 30 days late, which it is not. Include a copy of the check, and precisely spell out the error in your letter. This puts the direct evidence of their erroneous reporting in their hands, not just whatever the CRA would query them in a dispute. If they refuse to correct, proceed with a CRA dispute, under FCRA, to formally confirm their reporting. You might also add a state AG complaint at this stage, since state reporting laws often parallel Federal law. Raise the issue to the attention of higher management (their regulatory compliance officer) knowing you can now file suit. His responsibilities in protecting the interests of the mortgage company are different than some lowly clerk dealing with CRA disputes.
