Newleaf Posted December 1, 2016 Report Share Posted December 1, 2016 I am wanting to get a mortgage soon with my husband. We are in the process of getting rid of some of our derogatory marks--as we all are! I am finding a few I need help with finding out how to get them off the "deragatory" section when they run your report for a mortgage.... 1. Student loans Mine were through dept of education. I have 3 different entries, with different accounts (i only had one loan payment thought) and its showign 1 90 day late payment on them...from 4/12) Then it was transfered to Aspire/DOE and i have 3 entries for those as well....showing multiple 90+ days late back in 2013. It is now with Great lakes services which is not deragatory and I have paid on time and more every month..yay me! Question is what if anything can Ido about the other TL's in there probably bringing my score down? 2. are two TL's from Synch bank for two separate accounts that both say "sold to another lender". The "other lender" is PRA...which I have had one lawsuit dismissed with prejudice and working on the second one (thats still showing up in collections) Anyone have any thoughts on if its possible to get these off the derogatory section? There are a few others but i'm woking on another thread on those so I won't clog up this one on here. My husband has a mark on the report from Eagle Financial Services. Anyone have any experience with them? He's not 100% sure what that even is. Getting ready to pull our CR tonight/this weekend, comb through them and see what I can get accomplished by disputing some. Any thoughts/experiences are welcome! Thanks Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted December 1, 2016 Report Share Posted December 1, 2016 49 minutes ago, Newleaf said: 2. are two TL's from Synch bank for two separate accounts that both say "sold to another lender". The "other lender" is PRA...which I have had one lawsuit dismissed with prejudice and working on the second one (thats still showing up in collections) Anyone have any thoughts on if its possible to get these off the derogatory section? Chances are slim to none you get them deleted. Especially if PRA knows you want a mortgage. (did you pre-apply if so they know) One thing PRA will do if they are not going to sue is report to the bitter end knowing you may want credit before it drops off and will have to deal with them. 50 minutes ago, Newleaf said: Question is what if anything can Ido about the other TL's in there probably bringing my score down? You can try a good will letter but there is no legal basis to force them to change the late payments or delete the trade lines. Quote Link to comment Share on other sites More sharing options...
Newleaf Posted December 1, 2016 Author Report Share Posted December 1, 2016 22 minutes ago, Clydesmom said: Chances are slim to none you get them deleted. Especially if PRA knows you want a mortgage. (did you pre-apply if so they know) You can try a good will letter but there is no legal basis to force them to change the late payments or delete the trade lines. We did pre apply today. bummer. I will try a good will ketter...worst they can say is no ? Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted December 1, 2016 Report Share Posted December 1, 2016 6 minutes ago, Newleaf said: We did pre apply today. bummer. WOOF. Creditors (especially junk debt buyers) pay the bureaus to supply them with a list of names of consumers who apply for mortgages and auto loans. They compare the list to their data base of consumers who owe them money. Once they know you want more credit (especially a mortgage where NOTHING negative can be reporting) they know they have all the leverage. You most likely have lost your leverage to settle for less, get pay for delete, or good will. PRA especially will be all over this knowing that no under writer will do the mortgage as long as their collections are reporting. It is always better to deal with all the negatives BEFORE you app so you know what you are up against and you have the leverage to negotiate better. Lesson learned. Quote Link to comment Share on other sites More sharing options...
Newleaf Posted December 1, 2016 Author Report Share Posted December 1, 2016 This one they can't collect on really. it's past SOL and a $1200 amount. so much for all that work. I feel like poop now. Quote Link to comment Share on other sites More sharing options...
Clydesmom Posted December 1, 2016 Report Share Posted December 1, 2016 12 hours ago, Newleaf said: This one they can't collect on really. it's past SOL and a $1200 amount. so much for all that work. That simply means they can't use the courts to collect. It doesn't mean they can't collect. Sadly you handed your leverage over to PRA when you apped for that mortgage. PRA knows that no under writer will approve a mortgage with a $1200 collection reporting and they will vigorously start updating that trade line or at least make sure it stays to the bitter end of the reporting period to force you to settle with them to get that house. Quote Link to comment Share on other sites More sharing options...
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