Reply
Frequent Contributor
Posts: 496
Registered: ‎11-13-2012
0

Bad Mortgage That Will Continue Reporting

[ Edited ]

I had a mortgage short sale on 2009.  My CR lists the account will report until 2022.  The baddies started in 09 and has since been settled.  Can it really continue reporting for that long?  I'd love to get this off my report as quickly as legally possible.

 

EDIT:  Just realized where I posted this:smileysad:... help me out, Mods.  


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Epic Contributor
Posts: 20,311
Registered: ‎03-19-2007
0

Re: Bad Mortgage That Will Continue Reporting

Exclusion depends upon the adverse information being reported.  Each type of adverse reporting has its own exclusion date.

What adverse information was reported?

 

There are only a few types of adverse information listed under FCRA 605(a)  (e.g., BK or unpaid tax liens)  that have a CR exclusion date that extends beyond 7 years, so a 2022 date looks suspicious.

 

FCRA 605(a)(5) is the catch-all provision, which states: 

"Any other adverse item of information, other than records of convictions of crimes, which antedate the report by more than seven years."

 

Frequent Contributor
Posts: 496
Registered: ‎11-13-2012
0

Re: Bad Mortgage That Will Continue Reporting

My apologies.  I think I crossed some data... this stuff gets blurry after a while.  It looks like it's actually due to drop in 2016.  The 2022 was a comment field.  Thanks.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.