topic Re: Credit Suppression in General Credit Topics

Credit Suppression

Anonymous — Thu, 29 Jun 2017 19:02:54 GMT

Are there any remedies for when a bank promises to suppress credit for a short sale transaction, but the credit report still lists the transaction as "accound paid for less than full balance?

Re: Credit Suppression

RobertEG — Thu, 29 Jun 2017 19:10:20 GMT

What specifically did they mean in their offer to "suppress credit"?

I presume that you are asking whether they can remove the special comment stating the debt was paid for less?

Re: Credit Suppression

Anonymous — Thu, 29 Jun 2017 20:08:50 GMT

Hi Robert,

Thank you for the response.

After a short sale transaction, we asked the bank to alleviate the negative consequences of the transaction. The bank replied in turn, saying it agreed to suppress credit from the date of default to the closing date (that of the short sale). I imagine they are intentionally being vague, as the credit score still lists it as "paid for less than full balance."

I hope this is helpful.