topic Re: I hate EQ in Mortgage Loans

I hate EQ

Anonymous — Tue, 08 Jan 2013 22:42:27 GMT

My lender still can't get a copy of my EQ and neither can I. Anyone else having EQ issues? This is getting rediculous.

Re: I hate EQ

Anonymous — Tue, 08 Jan 2013 23:09:49 GMT

Have you called EQ to see what they say?

Do you have the EQ report frozen?

Is it possible you a split credit report?

You may have to submit proof to your identity but I would call them and get it resolved.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 00:29:05 GMT

They are giving me the run around citing my fraud alert but I can't even access my report.

Thry have confirmed no holds and I have had fraud alert a long time without any issues.

Re: I hate EQ

StartingOver10 — Wed, 09 Jan 2013 01:46:28 GMT

Call them up and get to a specialist. It sounds like you might have a split file.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 01:57:57 GMT

Issue is I can't pull any file. Online says split file, there are 2 files and 2 scores. Nothing is coming up period. I will call again tommorrow and hopefully I will get someone who knows what they are doing because everyone I have talked to at EQ is maybe this and maybe that.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:01:18 GMT

A mixed credit file means that another person's credit file has been merged with your credit file. This can cause all kinds of problems. You might be turned down for new credit, if this other person has bad credit. You might be delayed new credit until you can fix the problem and prove to the new lender that you are not responsible for all debt showing on your credit file.

Mixed files can result for a number of reasons.

1. You and your spouse apply for a mortgage loan, but when the loan officer pulled your credit reports he or she accidentally switched the social security numbers. They entered one spouse's number as actually belonging to the other spouse.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:05:20 GMT

2. You are a senior or junior living at the same address. If you do not use your full given name, the Credit Reporting Agency is not going to know the difference.

3. If someone tries to apply for new credit using your name or social security number mixed with their personal information.

4. Just having a common name, in this case it might be worth going to the court house and legally changing your name so that it is more unique.

How to fix:

1. You need to send in a written request for the Credit Reporting Agency to separate the mixed files.
a. Include full name
b. Include address
c. Include copy of drivers license
d. Include copy of social security number
e. Include copy of utility bill or phone bill

2. Find out from the Credit Reporting Agency how the file got mixed.
a. Contact the creditor responsible for the incorrect reporting and inform them of the correct information.
b. You may need to send identifying information to prove the accuracy of what you are telling them.

* Even if you fix a credit file once, it does not mean it won't happen again. I hear horror stories from consumers reporting of instances of having to repeatedly contact the Credit Reporting Agency to fix the problem over and over again.

It would be a non-issue if Credit Reporting Agencies used the social security number as the primary identification factor. But not everyone with a credit file has a social security number. So they are left with using zip codes, addresses, names, and then social security numbers. It is an imperfect system that can't be changed.

Split credit files are a different matter - that is when your credit file is missing data, it has been distributed over multiple numbers of reports.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:04:06 GMT

Causes for split credit files:

1. You file is too large because you have generated a lot of credit activity.
2. You have been using a credit monitoring service and you have generated too many soft inquiries and as a result it split the credit file.

All you have to do is call the Credit Reporting Agency affected and point out your suspicion that the file may be split. They will remove the soft inquiries usually to make the file fit back together.

Knowing how these problems happen will save you a lot of headaches if you can catch them early and fix them before you find out too late after applying for new credit.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:14:34 GMT

Sounds like the split, I have been pulling my file almost every day for the last 8 months

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:15:51 GMT

I'm assuming this will not be a simple fix.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:17:20 GMT

@Anonymous wrote:
Sounds like the split, I have been pulling my file almost every day for the last 8 months

Yes it does.............. Read my other post on how to fix it..... GOOD LUCK

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:19:56 GMT

@Anonymous wrote:
I'm assuming this will not be a simple fix.

Call EQ and tell them what you think it is, and have them delete all the soft pulls

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:20:03 GMT

Was the how to fix for the mixed and split?

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:20:49 GMT

Oh ok, will do. Thank you for all the help. I'm surprised this isn't an issue with my tu or ex.

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:22:50 GMT

@Anonymous wrote:
Was the how to fix for the mixed and split?

Its the same

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:29:41 GMT

@Anonymous wrote:
Oh ok, will do. Thank you for all the help. I'm surprised this isn't an issue with my tu or ex.

I spoke with EQ a few years ago and they warned me about about pulling my report too many times, So be careful pulling so much ..... Now i see what they ment by saying that

Re: I hate EQ

Anonymous — Wed, 09 Jan 2013 02:27:59 GMT

Also ,if it's a Mix you will have to prove who you are and send in your ID

Re: I hate EQ

Anonymous — Sun, 13 Jan 2013 16:50:38 GMT

@Anonymous wrote:
@Anonymous wrote:
I'm assuming this will not be a simple fix.
Call EQ and tell them what you think it is, and have them delete all the soft pulls

Aren't there situations where having soft pulls removed have mixed results?

Re: I hate EQ

Anonymous — Fri, 18 Jan 2013 12:06:35 GMT

Were you able to resolve? How did you make out?