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Commonwealth Financial

New Contributor

Commonwealth Financial

Hi All,


Any advice would be helpful.  I am closing on April 25th and Commonwealth Financial has put a negative item on my report.  Has anyone had any luck with getting an item removed quickly?

Message 1 of 6

Re: Commonwealth Financial

Another bottom feeder, they know you cant close till you pay them and that is all they want, they dont want to stop your closing. I would just call them ask them to delete for payment most likely they will do so.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 2 of 6
New Member

Re: Commonwealth Financial

What ever happened with Commonwealth? They popped up on my credit a couple of months ago, I paid them for delete and as of yesterday they had popped back up on Transunion!! We are in the middle of building a house and they just cost me 30 points with TransUnion. I did send the pay for delete letter to Transunion yesterday showing a 0 balance and the deletion verbage. But I am afraid that this dispute wil lbe sitting on my report when we have to go to an underwriter in a week or so. 

Message 3 of 6
New Contributor

Re: Commonwealth Financial

I file a bbb complaint. It was removed within 2weeks.
Message 4 of 6
Super Contributor

Re: Commonwealth Financial

+1 Make sure you upload the letter to the BBB.

My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC @ 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 5 of 6
Frequent Contributor

Re: Commonwealth Financial

If I'm not mistaken, I believe it is also illegal to reinsert on credit reports once it has been deleted and you can also dispute the reinsertion on that basis.  


I had this happen and uploaded old copies of my credit report:  First showing the collection, second showing the collection had been removed. The had removed the reinserted entry.


Though if you are closing on a house -- filing a dispute now probably isn't a good idea.


Good luck.

Starting Over Again after Cap1 Death Penalty:

Message 6 of 6
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