Looking over my reports, I noticed on one of my mortgages (80/20) they are reporting 15 months instead of 15 years (180 months) and also on all three they are reporting a payment of $845 when my payments are now $747. If I send it to correct this info will it, in any way, raise my score?
I would think it would. One factor of your credit score is based on a long history, so yes I believe your score would be raised by a good account 15 years old rather than 15 months old.
It has nothing to do with History. It shows the length of the loan as 15 months not 15 years or 180 months.
Re: Re: Is it worth it? Maybe I'm confusing everyone. I haven't been paying on the loan for 15 years or 180 months, I've only been paying on this mortgage for just over a year. My CR shows loan as "mortgage" and length of the TERMS of the loan as 15 months. Hope this helps and thanks.
