In 1996 my mortgage company initiated the foreclosure process on my house. I caught up on the arrearages and since 1998 (48months) I have made all payments on time. I disputed with TU to remove "foreclosure initiated". Instead they removed the entire trade line. On my husband's report they showed it closed bt credit grantor on 3/2002. What should I do? I'm new at this and don't know if I should leave it alone because of the "foreclosure initiated" or should demand they fix it because of the 48 month good payment history? Please help Dawn
I think that TU's stance is that if there is an inaccuracy of any kind on your tradeline they delete the entire tradeline. Charlie
If they initiated forclosure I would assume you also had serious delinquencies showing on the account. I think you might want to let some more time go by and then contact your mortgage company directly to ask them to report the tradeline. I think after 36 months the lates hurt you considerably less. You might get lucky, though, and when they re-report they may not be there. I wouldn't contact TU about this, again, if I were you. Just deal with the mortgage company.
If you have 60 day lates or worse, I would be very happy the account drooped off my credit report. I would not do a thing on this account as far as getting it reported again. If you need account history consider getting a secured credit card.
It no longer shows any lates all it shows are the last 48months paid on time except once or twice. Late 30 days.
