Mortgage Reporting after CH7--Did Not Reaffirm

[RedLight]

So, just as the title says, I checked my credit with EQ this morning and realized that my mortgage is reporting my payments. We didn't reaffirm and the strange thing is that they have payments posted back before the CH7 even happened even though they are a new servicer. So, every payment is an on-time payment...should I leave it be, or hae it corrected? What would be best?

[justbroke]

If you never missed a payment and have no negative reporting, why bother a good thing? It's probably helping your score!

[RedLight]

I guess the primary concern is that it was with Bank of America at the time of the CH7 filing and that is reported as IIB. The servicer was changed to the new company and they are reporting. Kind of weird... if not illegal I think.

[justbroke]

You can dispute the entry and I'm sure they'll remove the entry. However, it is highly likely to affect your score and perhaps in a negative way. There is just no way to tell the affect of this on a FICO score and your credit.

[df04527]

Multiple companies can report the same debt, legal as long as only one of them reports a balance. So because it is marked IIB and no balance due then ok and absolutely the one reporting is a good thing and no doubt helping your score. Be advised though sometimes, down the road, they could realize they are reporting when they shouldn't be and all of a sudden will stop.

[RedLight]

Sounds good. We are putting the house on the market at the end of this month. Fingers crossed. If all goes well, we plan on buying a new house next year and didn't want any hiccups from an underwriter looking at this and thinking it was strange. Thanks!!!