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Mortgage effects credit report

Posted on: 24th May, 2006 04:25 am
I have a good credit score. Few days ago, on last check I noticed that my mortgage balance was added to the items listed on our report? Is there any negative impact to our rating?
Hi Mark,

There wouldn't be any question of having a negative impact on your credit rating, if you are paying your mortgage earlier or in time.

If you have any more queries, please let us know.

Thanks
SJ
Posted on: 24th May, 2006 04:28 am
I don't think that it will have any negative impact on your credit report. You have to however continue making payments on time. This will actually help you improve your credit score.
Posted on: 30th Nov, 2012 03:26 am
If this has happened for first time then there is nothing to worry about as there might have been some issue of checking the payment or possibly just a new entry to be updated in every report.
Posted on: 14th Dec, 2012 09:27 pm
This is usual practice. But this has no bearing on your credit score.
Posted on: 18th Dec, 2012 03:57 am
You forgot to mention whether your mortgage was already paid for or not. Anyway, if you have been making timely payments and has never missed a single payment, then there would definitely be no negative impact on your credit rating. The item which shows your mortgage balance is only probably due to a late update. On the other hand, if the item showed up in your report and you have not paid for it yet, then, expect that it will affect your credit score. Get your credit reports checked regularly and go over them one by one so that you can check for inaccuracies and inconsistencies.
Posted on: 31st Jan, 2013 10:24 pm
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