03-12-2011 09:30 AM
My Experian report is the only one of the 3 accurately reporting an installment loan obtained to make home repairs on my previous residence. Equifax & TransUnion have the account type listed as 'Mortgage'. This is holding up my FHA approval in underwriting as they are requesting a settlement statement indicating the $28k has been satisfied.
When I contact the lender they assure me they have the account listed as 'Installment'. When I log in to make my monthly payment it reads "Installment".
Why would one reporting agency have it right & the other two be wrong?
I just ran my free reports from all three this morning & am supposed to be closing on my house on 3/25/11.
03-12-2011 08:21 PM