lp: Know the Exact Guidelines for Disputed Accounts and Your Mortgage.
- 07/08/11 05:47 AM
In the past I have written how Disputing your Credit Accounts can get your mortgage denied. Since that time the lenders and government have come out with specific rules on Disputed accounts. You still do not want to dispute your accounts. The reason why disputed accounts is a problem, is because when you dispute an account it takes it out of you credit score. So you could dispute a bunch of bad accounts and your credit score would increase. But mortgage underwriters know this is a just a form of "cheating" to get a higher credit score. And this is why … (2 comments)
In the past I have written how Disputing your Credit Accounts can get your mortgage denied. Since that time the lenders and government have come out with specific rules on Disputed accounts. You still do not want to dispute your accounts. The reason why disputed accounts is a problem, is because when you dispute an account it takes it out of you credit score. So you could dispute a bunch of bad accounts and your credit score would increase. But mortgage underwriters know this is a just a form of "cheating" to get a higher credit score. And this is why … (2 comments)
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