I am applying for a Mortgage and the bank says that my Prosper Loan needs to show paid before appyling for the mortgage. I think this is because my payment makes my DTI too high. I contaced Prosper and asked them for a letter to show the loan is paid-off as I am applying for a mortgage. I was then going to fax the letter to the credit bureaus for an update. I did this with my upstart loan and was updated with 2 days. Prosper is telling me that they can't do anything because they have to update payment info with Web Bank after 10 days of the payment. The payment was made 6 days ago and cleared the bank the next day. I told them they can call the bank to verify that it has cleared, but they said they won't do this. I did this with Upstart and had no problems.
What expidited options do I have to update all 3 CR? I asked the mortagge broker if they do Rapid Rescoring and she said no. It seems like they update on the 29th of each month, but it seems like the update shows the previous months payment. Under Experian's Credit Report, it shows the "Balance Updated" as of June 29th for the credit report that was pulled today. It seems like the recent payment may not be reported to Web Bank until 10 days after which would be too late for the this months update. The acutal update on my credit report shows up around the 5th of the month. This is getting complicated and confusing.........
When I login to my prosper loan summary page, it shows that my loan is paid-off with a zero balance. Can I fax this info to the 3 credit bureaus?
Any help is resally appreciated.
Thanks.
