Ravenous Wolf Posted November 19, 2004 Report Share Posted November 19, 2004 I have noticed that my mortgage company, The Principal Mortgage, has done numerous account reviews in the past year. Although my credit is spotless, my debt ratios and utilization suck big green donkey [EXPLETIVE DELETED].And I have made a few late payments but every one of those late payments have been well within 30 days and I have included the late fee as well.Is there anything for me to worry about?Is there anything that could happen to my mortgage? Link to comment Share on other sites More sharing options...
firstsource Posted November 19, 2004 Report Share Posted November 19, 2004 No. But they may not be willing to cut you any slack if you go past 30 days, as an increase in credit utilization may be a concern to them. You are the first person I have had say that their mortgage company was still checking on you.Charles Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted November 22, 2004 Author Report Share Posted November 22, 2004 The Principal Residential Mortgage has done an account review on my Trans Union credit report on the following dates:10/200301/200404/200406/200409/2004I am just a bit worried on why they would constantly monitor my credit although my “lates” (that have never gone past 30 days) and my maxed out utilization may explain all of that.I just wonder what Principal could do if they find my current credit unsatisfactory. Link to comment Share on other sites More sharing options...
anti-something Posted November 22, 2004 Report Share Posted November 22, 2004 DH has had a few of those 'account reviews' from the mortgage co recently, i put it down to they are just seeing if we can afford to buy any of the insurance packages/advance payment crap they keep on mailing to us.. Link to comment Share on other sites More sharing options...
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