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Mortgage charge off after discharged bankruptcy

Posted on: 08th Nov, 2006 06:16 am
I had a bankruptcy discharged in Aug. of 2005. During that time I never made late payments and my mortgage has been current since June of 2004, the life of the loan. I recently noticed that my mortgage company, Wells Fargo placed a charge off on my credit report in Sep. of 2005 after my bankruptcy was discharged in Aug. of 2005. I later found out the note was not re-affirmed but my filing paperwork states the intention was to keep the note current. Can my mortgage company legally place a charge off on my credit report if I have NEVER had a late payment through out the life of the loan? I have contacted Wells Fargo and they advised me to dispute with Experian but they have shown no interest in correcting their mistake. Any advice you could offer would be very helpful.
Thanks,
You should get a copy of your credit report and dispute it online. You will also need to provide the account number of the item and an explanation on why you think it is inaccurate.

This is the Experian page with the details on the procedure you will need to follow :
http://www.experian.com/disputes/index.html

J McNally
Posted on: 08th Nov, 2006 10:05 am
"Can my mortgage company legally place a charge off on my credit report if I have NEVER had a late payment through out the life of the loan?"
If you were regular with the payments through out the loan term then I do not think a charge off can be placed.

You should ask Wells Fargo for the reason the charge off was placed.
Posted on: 08th Nov, 2006 04:30 pm
You should contact Experian and if the matter does not resolve to be in your favor then you can ask the bureau to include your reasoning in the report about the dispute regarding the charge off appearing in your records.
Posted on: 08th Nov, 2006 04:42 pm
Hi Guest,

I don't find any reason of the mortgage company placing a charge-off on your credit report when you haven't made any late payment. However, when there are erros in the credit report, they are corrected either by the creditor/lender or by the credit bureau where the creditor reports all information (related to his loan payment) about the borrower.

If Wells Fargo has asked you to dispute it with Experian, then I think should contact the Experian through certified mail by sending them a letter stating about the error in your credit report. Do include your name and address on the letter. Generally, credit bureaus take around 30 days to settle the dispute.

However, if you still don't get any result, then file a complaint with the FTC. You will get the FTC complaint form at https://rn.ftc.gov/pls/dod/wsolcq$.startup?Z_ORG_CODE=PU01

Thanks,

Caron.
Posted on: 08th Nov, 2006 08:58 pm
frist franklin /home loan service change off my mortgage,i then recei8ve a letter from bank of america stateing that they now had my mortgage and i was to continue to pay the 736.14 monthly. this was sept 2010,when i ask would i need to sign new modification paper ,i was told that is was too,early that my mortgage was still in transit frome frist franklin,now bank of american has no information as to who im to pay and who has my mortgage ive been try to get information since sept 2010 from bank of america they where the last contact that i had
Posted on: 04th Feb, 2011 07:01 am
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