In my previous mortgage with Principal Residential, I had a series of 5 120 day lates ending in 8/2001. This is reported with all three major CRA's. I had this mortgage for 13 years before I sold the house. I now have a 6 month old mortgage for $228K, that I was able to get with the help of a cosigner. Question: What, if anything should I do about my previous mortgage on my CRs?
No, I haven't disputed it. Should I dispute with the OC or CRAs? Should I say "not mine?" Do you think it would be so bad if I lost it forever? Is the time helping more than the lates are hurting? Actually it is 30, 60, 90, 120, 120, 120, 120, 120. The mortgage company agreed to work with me until I became current. As far as accuracy, I believe it is in the ballpark. TU shows a 150, where EQ and EX don't.
I wouldn't bother since after the 2 year mark they don't mean much anyway. And the farther along you get the less effect they have.
I agree. The mortgage may do you more good in the long run, after the effects of the lates is diminished. If you're keeping the current mortgage in good standing, you're showing that you can handle it, the combination will show how long you've had a mortgage and that you overcame some problems.
