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Why has your credit score not changed if you have paid off all delinquent debt and have made all mortgage and car payments on time for 4 years?
Wiki User
∙ 16y ago
it might not have changed because of your debt ratio.. meaning, you have paid off your old debts, but you have created new ones.
Wiki User
∙ 16y ago
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If a mortgage payment is 20 days late will that be reported to the credit bureaus?
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
How does your credit rate effect your mortgage rate?
The higher your credit score, the lower your payments. The lower your credit score, the higher your payments. The analogy above shows how your credit rate affects you mortgage rate.
How does it affect your chances of getting a mortgage if you are the cosigner for someone's apartment?
It should not affect your chances at all unless the payments are delinquent and end up affecting your credit score. Your credit score is the first the lenders look at when decided what type of loan you qualify for.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
Does making extra principal payments to your mortgage have any affect on your credit rating?
Yes, it will shorten the time in which the mortgage is on your credit report.
If a mortgage payment is 20 days late will that be reported to the credit bureaus?
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
How does your credit rate effect your mortgage rate?
The higher your credit score, the lower your payments. The lower your credit score, the higher your payments. The analogy above shows how your credit rate affects you mortgage rate.
Can you take a break in your mortgage payments?
No. If you don't pay you will be considered delinquent. The default will be reported to your credit record. There may be late fees added.No. If you don't pay you will be considered delinquent. The default will be reported to your credit record. There may be late fees added.No. If you don't pay you will be considered delinquent. The default will be reported to your credit record. There may be late fees added.No. If you don't pay you will be considered delinquent. The default will be reported to your credit record. There may be late fees added.
How does it affect your chances of getting a mortgage if you are the cosigner for someone's apartment?
It should not affect your chances at all unless the payments are delinquent and end up affecting your credit score. Your credit score is the first the lenders look at when decided what type of loan you qualify for.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
Does making extra principal payments to your mortgage have any affect on your credit rating?
Yes, it will shorten the time in which the mortgage is on your credit report.
Can you get a mortgage with a credit score of 500?
Forget the credit score, before you take out a mortgage you first need to think about if you can make the payments.
Does Bank of America take credit cards for mortgage payments?
Yes.
How do you have a co signer released from a mortgage?
prove that you got exellent credit to maintain the mortgage payments up to date.
How do you get your mortgage payments counted on your credit score if you are on the deed but not on the mortgage?
Refinance the mortgage with you listed as a borrower. You will not be reported to the credit bureaus by being listed on the deed since you have no obligation to pay the debt.
How many missed mortgage payments before it is placed on your credit report?
One.
If I own a home with a co signer and file a chapter 7 will their credit be affected?
If the mortgage payments are still being made then no - they won't be, however - if you default on the mortgage payments then yes - they will go after the cosigner and if it is not paid their credit will be effected.
