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Posts: 1
Registered: ‎10-03-2012
Re: Monthly Payment on EX reports...should be $0...not
I'm curious how this all turned out. I went in to get pre approved for a mortgage and was told to lower some of my monthly debts by $300. I printed the experian credit report and see that $175 of my monthly debts are on paid off revolving accounts (paid off for many months)... Weird thing is that not all my revolving accounts had the monthly payments listed. About 9 months ago, I printed my equifax report and it did not include these amounts. I added up my monthly debts and the bank had to of considered this $175 in its calculations. Did you experience that the mortgage lender was able to remove these charges when factoring your monthly dti?

It would be nice to know if I need to reduce my debt by $300 or just $125!