topic Re: Freedom Mortgage? in Rebuilding Your Credit

Freedom Mortgage?

SSH0126 — Wed, 01 Mar 2023 04:55:03 GMT

Anyone had success getting a late payment removed with Freedom Mortgage?

Re: Freedom Mortgage?

FireMedic1 — Wed, 01 Mar 2023 11:06:25 GMT

Never seen it. If its 1 30 day late. After 2 yrs it isnt doing much damage any longer. All you can do is the GW letter chain.

Re: Freedom Mortgage?

wife2froggy — Wed, 31 May 2023 21:13:28 GMT

Nope. They 100% refuse. If you were late, they tell you it's your fault and then file a dispute on your behalf since you are "disagreeing" with their reporting. Now you have to get the dispute removed and deal with the late.

Re: Freedom Mortgage?

wife2froggy — Wed, 31 May 2023 21:15:56 GMT

@FireMedic1 wrote:
Never seen it. If its 1 30 day late. After 2 yrs it isnt doing much damage any longer. All you can do is the GW letter chain.

I'd disagree with this. The ONLY late on my CR is 1 30 day from Freedom Mortgage in 2018. It's still the reason for decline on several applications (too many delinquent payments, or not enough accounts paid on time) I have several cards, car payment, mortgage, etc and that one single late from 5 years ago still haunts me. A late mortgage payment is far more detrimental than anything else. My DH has a couple of lates on a CC from 2020 and they don't affect his approvals at all now.

I asked for a courtesy removal (I paid May's payment on June 2) and was turned down.

Re: Freedom Mortgage?

OmarGB9 — Thu, 01 Jun 2023 02:58:13 GMT

@wife2froggy wrote:
@FireMedic1 wrote:
Never seen it. If its 1 30 day late. After 2 yrs it isnt doing much damage any longer. All you can do is the GW letter chain.
I'd disagree with this. The ONLY late on my CR is 1 30 day from Freedom Mortgage in 2018. It's still the reason for decline on several applications (too many delinquent payments, or not enough accounts paid on time) I have several cards, car payment, mortgage, etc and that one single late from 5 years ago still haunts me. A late mortgage payment is far more detrimental than anything else. My DH has a couple of lates on a CC from 2020 and they don't affect his approvals at all now.

I asked for a courtesy removal (I paid May's payment on June 2) and was turned down.

I think it's very much profile-dependent, but there's a chart floating around here that corroborates what @FireMedic1 is saying. In your case, whatever companies you've applied for may just be weighing that one late heavily against you. But it may not be the only factor or even the main factor in your denials (they're required by law to give you *a* reason, but that doesn't mean it's the main reason).

Re: Freedom Mortgage?

FireMedic1 — Thu, 01 Jun 2023 08:21:06 GMT

@wife2froggy

OP was asking about a 30 day late removal. Never seen it. I was talking about not hitting @SSH0126 scores as much after 2 yrs. Some lenders like squeaky clean files. Sorry you've been denied yrs after.

Got it@OmarGB9

Re: Freedom Mortgage?

jmangoalie — Wed, 19 Feb 2025 00:50:12 GMT

Where do I find the goodwill letter chain for Freedom Mortgage?