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What if you own a large piece of real estate with no mortgage but it's not showing up on your credit report How can you add it and how much will it help you?
A mortgage payment is a great asset, and this type of credit helps your credit score. But, if you do not have a monthly mortgage payment the burueas will not accept this information on your report. They will only add accounts that you are making payments on. Wanda Improve Credit, LLC
A mortgage is a debt...a liability...in every financial sense...always. The payment is an obligation...not something most would define as "great". The property is an asset.
Your credit report provides information on your payment record, not what you own. You would provide that on whatever document you are filing. In todays world of identity theft, it's probably good that your assets are not all that easy for others to find! (I would note that I believe many of the above posters comments I've seen are simply wrong and ill informed, perhaps stemming from being seen originally in her commercial context postings trying to entice people to use a service that claims to get rid of or reduce debts.....all of which have been identified as scams preying on the vulnerable by most every Consumer group I've ever seen).
What else can I help you with?
Should you be concerned if your mortgage is not showing up on your credit report?
You should contact you mortgage company. B/C if your paying a mortgage on time your credit score will improve greatly. And it may cause you problems down the road when you want to refi or buy another home.
What is the difference between a consumer credit report and a residential mortgage credit report?
a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.
Why is my paid off car not showing on my credit report?
Your paid off car may not be showing on your credit report because auto loans are not always reported to credit bureaus. If your lender did not report the loan, it will not appear on your credit report.
Where can you get your credit report from all three companies free?
You can get your credit report from all three credit companies by going to your local bank and asking a mortgage consultant to run your credit report.
Who is eligible to apply for a CCJ mortgage?
In recent years it has become easier to apply for a mortgage with a CCJ on your credit report. The easiest way to determine if you're eligible to apply for a mortgage is to contact a UK independent mortgage broker after you have received your credit report from a credit reporting bureau to see if you qualify.
How does a private mortgage holder enter a favorable report on the mortgagee's credit?
A private mortgage holder normally does not belong to a credit bureau; therefore, can not report credit activity to a credit bureau..
Should you be concerned if your mortgage is not showing up on your credit report?
You should contact you mortgage company. B/C if your paying a mortgage on time your credit score will improve greatly. And it may cause you problems down the road when you want to refi or buy another home.
What is the difference between a consumer credit report and a residential mortgage credit report?
a consumer credit report was more likely connecting to individuals as consumers,on the other hand,a residential mortgage credit report was simply focusing to the households considered as the consumer it self.
Why is my paid off car not showing on my credit report?
Your paid off car may not be showing on your credit report because auto loans are not always reported to credit bureaus. If your lender did not report the loan, it will not appear on your credit report.
Where can you get your credit report from all three companies free?
You can get your credit report from all three credit companies by going to your local bank and asking a mortgage consultant to run your credit report.
Know Your Credit Score When Applying for a Mortgage?
Knowing your credit report credit score is the first step in securing a mortgage. When you are looking to buy your home, having a current, up-to-date copy of your credit report is essential in securing the best rates. By reviewing your credit report prior to applying for a mortgage, you will be prepared to clear up any past debts or errors on your credit report that could prevent you from getting a mortgage loan. Your loan officer will request a copy of your credit report credit score, so don't be taken by surprise when it comes time to apply for your loan.
Who is eligible to apply for a CCJ mortgage?
In recent years it has become easier to apply for a mortgage with a CCJ on your credit report. The easiest way to determine if you're eligible to apply for a mortgage is to contact a UK independent mortgage broker after you have received your credit report from a credit reporting bureau to see if you qualify.
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 you are not the primary person on the mortgage is you credit rating affected?
As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary, secondary or co-signer
Is the closed auto loan showing on my credit report?
To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.
Were does information containded in a credit report come from?
Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.
Why is my parents' address showing up on my credit report?
Your parents' address may be showing up on your credit report if you have used it as a previous address or if you have a joint account with them. It's important to update your address with the credit bureaus to ensure accuracy on your report.
