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BOA Reported My New Mortgage Right Away


Ravenous Wolf
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I thought that I would have a couple of months of not having a mortgage debt on my credit report. My first mortgage payment to my new house is in October and I thought this wouldn’t get placed in my credit report until November.

However, BOA reported the mortgage not too long after I had signed the closing papers.

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Yeah, I know what your saying wolf. My mom got a mortgage about three months ago and it still has not reported. Today she finally received a payment coupon from the company who bought the mortgage - New Century. It will be interesting to see what the new mortgage does to her credit score. Right now, she is at 710. Too bad she signed a prepayment penalty clause..her score rose 130 points by using the mortgage money to pay off debt. LIfe is a whole lot better for her now. I just have to keep her out of the casino's. BTW Thanks to Charles who really helped her out.

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