Okay on 09/02..score was 614 with my mortgage not reporting..today get report from EQ with an alert... my mortgage is posting score is 564.............. 50 point hit....(crying, pounding fists on desk at work)!!!!!!!!!!!! argh, that is a tough pill to swallow. Just wanted to let people know the effect of mine of my report....
the same thing happened to me! lost about 30 points (knocked me out of the 700 club on TU). how long does this negative effect last? anyone?
We just got a mortgage this year, and nothing happened when it hit, all the scores remained the same. TexanCSI
It depends on a lot of things, one of them being length of history. For example, I have a lot of lines over 20 years old, and I have a lot of available credit. So a mortgage reporting won't hurt me as much as someone with little or new credit. I have a lot of accounts, so one new one doesn't pull my average length down much.
