I have been preparing for a year to purchase a Mercedes Sprinter for my business. I have worked really hard to get my score from about 620 to finally over 700 last month. Then something out of left field happened... My BofA mortgage that I have had for 10 years gets transfered to Carrington Mortgage services.
My bofa mortgage is nowing showing up as closed with a 0 balance. My score tanked 37 points. This makes a big difference for me. I now have a score of about 670 and do not qualify for tier 1 financing through MBFS and I can't get the low interest rate promo which is over April 1.
Is there anything I can do in the next 5 weeks to recover those points? I don't want to miss out on the finance offer....
How do Mortgage companies typically report newly aquired accounts?
Will this affect my AAoA?
Will it look like I opened a new mortgage? Is there a way I can get them to expedeite reporting ?
This timing is really unfortunate. I am beyond frustrated. I am not buying a frivious vehicle, its a necesity for my business.
