@Anonymous wrote:
@Rebuilding69 wrote:
@gdale6 wrote:
@Anonymous wrote:My husband and I are wanting to buy a home this summer, as I scrolled through my CR's I noticed on EX and EQ that I had a collection for $4,000. This is not showing up on TR. It shows that it is scheduled to be removed July 2015. After reading through posts here about early exclusion, I decided to give it a try. If they said no, I wouldn't be out anything. I called the number on my credit report, 800-493-1058 and entered my report number and then pressed 0. I was connected to a person and said I was calling to find out when an item was going to be removed from my report. She asked for the information and said we can remove this today. I never asked for the early exclusion, she just offered it. It was due to come off in July so that's 2-3 months early. Now, I just need to call EQ, I'll report back with my success.
Good job, I will caution you just because they are excluded doesnt mean a mortgage lender wont find out about them a lot ask for a list of unreported unpaid debt and since its not actually deleted from the file a "full factual" report will cause it to show, a full factual report can be run on any loans over 150K and employment over 75K/Yr. Just a heads up for you. You might want to actually settle it once it can no longer be reported, settlement offer could be as low as 10%.
Welcome to My Fico
Is there a way for "us little people" to get ahold of the full factual reports, so we can pay any items that slipped through the cracks & was deleted after 7+ years?
Other than going to a mortgage lender & having them ask "whats this? hmmm?
I'd love to know if there's anything I'm missing, and need to pay up on. I want to be 100% clean.
While the law certainly provides for these "full factual" reports, the truth is that the lending industry simply doesn't seem to have the slightest interest in using them. In the 7 months I've been participating in this forum, there has not been one single person come here and say "help me, my lender pulled a full factual report and found blah, blah, blah, what should I do?"
Yes, FCRA provides for such reports, but virtually no one actually uses them. The additional costs incurred for such a report are probably the biggest reason.
I agree with Norman. I know someone who worked at Wells Fargo in mortgage origination. They told me they never pulled "full factual reports." They're simply too expensive.
