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I had the same thing happen on old mortgage. Please read my thread: TU still reporting paid off mortgage as open
It is on the General Credit Issues Forum also.
I am letting mine stay on TU because if you mess with the tradeline at all, TU may delete the entire TL, that would definitely be a big hit on score!
Perhaps your old mortgage company no longer subscribes to TU, so they did not update the paid off info with them.I found that is what happened in my situation. You can make a phone call to old mortgage company, do not give your name, or acct. number, and ask them which CRAs they report to if you get a mortgage with them. Mine reported only EX and EQ now. In my case, there were no lates so I am riding the open acct train as long as I can. Hopefully, indefinitely.
Is the mortage showing a balance?
I would pull reports directly from TU and see how it is displaying.
No,it's not showing any balance but where it shows your monthly payments it is reflected in that.In other words they take your monthly due payments from your cards and other liabilities and list the total so TU is showing I actually have liabilities of over $1,000 per month when it is actually only around $120.00 ish.It's not in fact open or is my monthly liabilities as high as TU is reporting...Question is does disputing it do more harm than good.Just thought if they are going to file a report it should be correct in any phase of it?
I had the same thing happen on old mortgage. Please read my thread: TU still reporting paid off mortgage as open
It is on the General Credit Issues Forum also.
I am letting mine stay on TU because if you mess with the tradeline at all, TU may delete the entire TL, that would definitely be a big hit on score!
Perhaps your old mortgage company no longer subscribes to TU, so they did not update the paid off info with them.I found that is what happened in my situation. You can make a phone call to old mortgage company, do not give your name, or acct. number, and ask them which CRAs they report to if you get a mortgage with them. Mine reported only EX and EQ now. In my case, there were no lates so I am riding the open acct train as long as I can. Hopefully, indefinitely.
mymoneynow,
I just responded to your thread before I saw your response to mine.
My mortgage was paid off I'm thinking about 6 years ago and it had been with a local bank originally and then went to WAMU who it was paid off to.
I use True credit and just realized how it was reporting it,but it does not seem to be effecting my Fico scores so I will also just leave it alone.
Thanks all for your thoughts on this and reaffirming mine.