Legit dispute?

[Anonymous]

Last Summer my wife and I fell behind on our mortage due to a mistake on her part. My wife gets paid bi weekly and was sending partial payments to our mortgage company. Which they do not except. She sent 3-4 partial payment checks putting us three months behind on our Mortgage. The first two checks, if I remember correctly never got sent back to us. We received the third check and a forclosure notice in the mail and I got on the phone imediently!

My wife thought it was better to send them the money then to have it sit in our account and possibly spend it.

Now the loan is in my name and only effects my record and not hers. I believe this is the main reason my credit score went from a low 700 to the mid 500 it's at now. I fell behind on a few other bills to get current with the mortage and have been current since Oct of 07. It was a costly mistake and when I looked at my report the other day I was fuming and havn't talked to her since, LOL.

Should I call my Mortgage company and ask to have it removed? The missing checks is actually what put us behind, if we would have recieved them, we might not have fell behind. There were never any phone calls because they didn't have a updated phone #.

So do i have a legit dispute here?

Thanks

[Scamp]

Hate to say it, but I don't think you do have a 'legit dispute'.  Your best hope, IMO, is whatever amount of begging, pleading, groveling, etc., might persuade them to undo the derog on your CR out of sheer goodwill.

Unfortunately, the responsibility for understanding your mortgage contract, including what payment types they accept (or don't), for tracking those checks and ensuring they cleared (and following up when the first one didn't after a reasonable period), and for ensuring the mortgage co. had a current contact number, all lies with you and your wife, not with them.   

Sorry to be the bearer of such a bummer of a response. 

Good luck - hope you can talk them into a GW gesture!

Message Edited by scapegrace13 on 10-12-2008 07:37 AM

[GFer]

You could call and request Good Will as to having them changed. Be honest, explain the situation. But honestly, I don't think you have a 'dispute', simply because it's your (whomever is on the loan) responsibility to know the terms of your loan and the payment schedule.

'Most' loans stipulate that partial payments will be applied to principle and sometimes--if made too early will automatically be applied as such. It can't hurt to talk to them!

Good luck!