accounts: 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)
accounts: 5 Great Ways To Make Sure Your Mortgage Gets Denied
- 02/15/11 12:00 PM
When getting a mortgage make sure you know what to do and not to do. This post will deal with what not to do. Here are the top 5 ways to get your loan denied. Disputed Accounts If you have an account on your credit report that you are disputing, you may not get approved for a mortgage. You must either have it resolved or you must have it removed. For directions on how to get your disputed account resolved and updated on your credit report, check out: Disputed Account. Open or Applying for New Credit DO NOT APPLY FOR NEW CREDIT!!! Once … (9 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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