I was one day away from closing and find out that the bank can't give me a loan. After tons of phone calls I finally find out that a loan I settled with MBNA in 11/02 is being reported on my credit report as sent to collection in 05/04!!!! WTF???? It wasn't reporting that way when I first applied and now when they pulled an updated credit report it showed up that way. I need to get this fixed in the next couple of days so I can close on this loan. What do I do? I don't know who I need to call. Somebody please help me. I am ready to scream. Thank you!!
If you settled and have the letter there is no problem. Have the real estate broker give a copy to the company that pulled the merged report and they will make the correction with 72 hours. You might be able to convince them to clear it up same day. I've seen it done lots of times when I sold real estate.
My mortgage company told me I need to get ahold of MBNA and have them update it. I have a copy of the cancellation of debt letter from MBNA also. I spoke with MBNA today and they told me they are reporting it as it should be. I tried calling equifax about this and they hung up on me after being on hold for over 20 minutes. Does anyone have another number for equifax?
Is the account showing a balance? The mortgage company is required to consider the evidence provided by you (the letter from them saying that the 'debt' is canceled), as a part of their decision. The only thing you may be able to do to get it updated on the report (and you may have to do it with all three) is to fax them a copy of the cancelation letter.
I was one day away from closing and find out that the bank can't give me a loan. After tons of phone calls I finally find out that a loan I settled with MBNA in 11/02 is being reported on my credit report as sent to collection in 05/04!!!! WTF???? It wasn't reporting that way when I first applied and now when they pulled an updated credit report it showed up that way. I need to get this fixed in the next couple of days so I can close on this loan. What do I do? I don't know who I need to call. Somebody please help me. I am ready to scream. Thank you!! My mortgage company told me I need to get ahold of MBNA and have them update it. I have a copy of the cancellation of debt letter from MBNA also. I spoke with MBNA today and they told me they are reporting it as it should be. I tried calling equifax about this and they hung up on me after being on hold for over 20 minutes. Does anyone have another number for equifax? GRTDLS =================== This is not credit reporting; it's extortion!
