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05-07-2009 02:43 PM
I selected my credit cards with the sole purpose of rebuilding my credit and I had my mortgage broker pull my reports yesterday to get a preapproval on a home loan and he is telling me that they are only reporting to Equifax. My cards are WAMU secured card, that was converted to a regular credit card because of good payment & standing and a Cap One card.
I called Cap One to tell them they need to report immediately to the other 2 bureaus and they are telling me to give them 10 days to process the request and another 10 days for the info to be received and entered by the credit bureaus!! I don't have 20 days to wait for this to happen!
Can anyone give me some advise as to how I can get them to report to TU and EX immediately? Have any of your methods been effective? I really need to get my mortgage loan preapproval so I can start looking for a house! Thanks so much for your advice.
05-07-2009 02:47 PM
05-07-2009 02:56 PM
No the bureaus are of no help to you. In over a year they have never reported to the other 2 bureaus? And you are just not learning of this?
The credit compaines must be memebers of the bureaus in order to report to them, and many companies do not report to all 3. This is the reason that there is different information on all 3 reports, and you have 3 different scores.
You have requested the information to be reported, and as I'm aware this is all you can do at this time. Just keep in mind that the the credit cards are by no means obligated to report. Sorry.
05-07-2009 04:27 PM - edited 05-07-2009 04:27 PM