Hi! I am relatively new here and have been reading...but I have a question. Back in 96, I took out a mortgage fro $151K...it has been sold twice, originally it was sold right at the closing. Now, all three places report to Equifax. Ecah shows a high credit of $151K, and all show pays on time. SHould I try to have two removed? Does this overinflate my available balances? My credit overall needs help and all three of these showing Paid as agreed may be helpful, but I am not sure...does anyone have any advice on whether it is helpful or hurtful to have these on my report? Any advice
Thank you! I am trying ot get my credit back after two long years of hell financially including a divorce and unexpected layoff, so I want to try to get rid of the easy stuff first on my credit report to start on the road to a better report now... Thanks for your help!
I just checked on the old creidt report and one does say sold/transferred, but the other reads as follows: Peoples Savings Bank XXXX JOINT ACCOUNT 03/1996 05/1996 Installment TOO NEW TO RATE $151K 1440 $0 05/1996 Prior Paying History PAID ACCOUNT/ZERO BALANCE CONVENTIONAL MORTGAGE So HELP...PLEASE
I dont know why you would want to get positive accounts deleted.. If you have had credit problems in the past or are currently having credit problems Positive reporting accounts are the way to raise your score... as was posted earlier they are usually noted the account has been transfered or sold if not dont worry as long as it is paid as aggreess.. If it is too new to rate it doenst affect your score anyways... Kev
I know kustomkat...I am wondering if it is actually hurting me because of the amount and the fact it doesnt say transferred...I will leave the otehrs on there
