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Draco007
Posts: 53
Registered: ‎01-24-2008
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What's the quickest way to update paid off credit card balances?

Hi.  We are newly pre-approved and have just started looking for a new home.  Is there a way to update a credit report to show accounts that are paid off.  Our mortgage approval is contingent on debts that we have paid off showing a zero balance on our credit reports.  The lender requested a 45 day escrow to ensure this happens, but our realtor is saying this is a problem for some sellers accepting our offer.  Thanks.

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beb86
Posts: 1,115
Registered: ‎10-31-2011
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Re: What's the quickest way to update paid off credit card balances?

You can have them order a RR (rapid rescore)

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