I've been on a credit fixing binge for many months now. I was in the 600 club for all fronts. Equifax was at 658. My mortgage process is humming along, and more negatives were reported as deleted by the mortgage company today on their credit check. On a lark, and needing a pick me up during my current ongoing mortgage process, I just bought an Equifax report minutes ago. WTF$$@@@!!! What do I see but a 586. I click on Negative Items. A newly minted account has appeared. An MBNA America (Authorized User)account (account not reported of course) listed as a paid charge off with Date of Last Activity in February 2003 with a high credit amount of $18,000 and a monthly payment of $329. This has never appeared before. I'm not an authorized user of anything worth $18,000, including my car. Of course, I'm in the middle of closing on a home mortgage so this means I have to do the dispute NOW!!! The letters begin again. and Wish me luck on the phone round of frustration with their customer service trying to get their credit dispute bureau's fax number. -rfmjb **I will succeed in the home buying process this month or bury someone in paperwork in court trying!!!!!
Sounds like you are the perfect candidate for rapid re-scoring. I'm not sure how the process works, but I know that mortgage brokers have access to mechanisms to update and delete erroneous information in a matter of days and not weeks. -HDAlex
The rapid rescoring is an awesome thing. I used the rapid rescoring thing twice so far to deal with a First Card account that was bought by FirstUSA and was being reported twice. My mortgage broker charges $15 a tradeline if done individually, but any they submit when they pull a final credit report are folded into that single fee. My problem so far tonight is that to use rapid rescoring, I have to have some proof that my side is right. It's not an instant dispute process. So far my first round of calls to MBNA has revealed no accounts associated with my name or social security number. The really nice customer service person had no idea what I was talking about when I asked for the MBNA number or address to dispute inaccurate credit reporting. Her supervisor was likewise unaware of such a thing. Both suggested I dispute it with the Credit Reporting agency instead of with them. I will now get sleep and attack this in the morning, post coffee. I will attempt to locate a knowledgeable supervisor. Without a faxed letter from MBNA to the effect of, no such account and we're going to delete the reference, I can't use rapid rescoring.
Another one of those "hidden tradelines" that only appear when one is applying for a mortgage. Somebody has to sue over this. There's no other way to stop it.
RFMJB, Does your state allow for injunctive relief related to credit matters? If so, filing for an immediate preliminary injunction might be the ticket here. That way, you would have a copy of the court order to use for your rapid rescoring. -HDAlex
That's an excellent thought. I'm waiting to hear back from the mortgage company to see if they care. Right now, the mortgage would be less than 20% of mine and hubbies income so credit is less important.
