one of the lines of credit i have been late on my pymts b4, trying to get a mortgage loan. Should I use the cell phone bill if i have been late on the pymt. it was shut off about 6 mo. ago. I only have 3 lines of credit besides my landlord...will it effect my loan if i use the cell phone?
2007-03-08 03:21:27 · 5 answers · asked by SweetP 2 in Business & Finance ➔ Renting & Real Estate
it shouldn't be a problem
Loan Officer
2007-03-08 03:43:44 · answer #1 · answered by Sammy G 1 · 0⤊ 0⤋
It should not. With that being said--How do you pay the landlord. BY CHECK I hope. This gives you a paper trail of payments. When you go to verify rents as a loan officer ---the lender either wants in most cases a Corporate VOR or cancelled checks.
2007-03-08 03:28:09 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
Cell phones are not generally on credit reports. Neither is electricity, sewer, garbage, rent, etc.
You have to be atleast 30 days late to show a late payment on a credit report for a credit card....were you just a few days late or a full month? It makes a difference.
2007-03-08 03:55:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The current lender you are using should answer this question for you as it is in their best interest to be able to provide you with financing.
PatrickTheRealtor@yahoo.com
2007-03-08 03:34:43 · answer #4 · answered by patricktherealtor 1 · 0⤊ 0⤋
I think u can use
2007-03-08 03:24:22 · answer #5 · answered by santhosh k 1 · 0⤊ 0⤋