topic CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed) in Mortgage Loans

CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)

fairclok — Sat, 29 Dec 2012 01:30:13 GMT

Hi all,

Need to understand if I have any recourse for 2 - 30 Day Lates on my Mortgage reporting on my credit report.

1.) Mortgage is due 1st of every month

2.) 15 day grace period before late fees - 15th of every month

On both of my lates, I paid my mortgage plus the late fee on the 17th of the month (less than 30 days). My credit report is reporting 30 days late. I've been told they technically can do this.

That said, are their any options available to me to have these not report as 30 Days Late?

Thanks in advance.

Re: CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)

pizzadude — Sat, 29 Dec 2012 01:45:21 GMT

They should not report you as 30 days late unless your payment is received at least 30 days after the billing due date, which would be the 1st of the next month. The standards & guidelines for credit reporting are clear on this. I'd write them a polite but firm letter asking them to remove the late payment notations.

Re: CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)

fairclok — Sat, 29 Dec 2012 02:14:24 GMT

thanks for the response. now i'm not as nervous

i'm going to be sending a letter tomorrow with the payment receipts for the 2 months showing they were not paid after 30 days, but actually only 17 days late.

I will update this thread when I hear back.

happy new year.

Re: CR has 2 - 30 days late on Mortgage, but I was actually 17 days late??? (help needed)

pizzadude — Sat, 29 Dec 2012 02:18:17 GMT

Good luck ! Let us know how it works out...