Is this really a late mortgage payment?

Question

For Nov and Dec 2006 only half payments were made each time. I don't remember making half payments twice and can only find the bank transaction for two half payments to the lender.

Both paid in the months due but reported to the credit bureaus as late payments by 30 days at least 2 times. This reporting has brought my credit score down I'm sure. Can I dispute it?

I have proof of the half payments. If I submit it to the bureaus will they retract it so that it does not read that way on my credit report? I was told that if you pay something they can't report it as late or unpaid for that month. I didn't make half payments deliberately as I would not have done that twice.

Also, Does correcting multiple mistakes like address and name mistakes raise your credit score? I pulled all three reports and they all have multiple variations of my name, past addresses, and places of employment. Does that bring my score down due to suspicion? Do disputes look bad?

Well I agree that it was not the full payment that I agreed to pay. However, it was a payment. Should I just add comments to my credit report that I made payments for those months so that it won't seem like I just abandoned two months. Or should I just leave well enough alone.

I think it's junky for all of those misnformations to be on the credit report. Any teacher would give a junky paper a low grade and a well put together paper a higher grade. I had one creditor pull my report for me and it was pulled by inputting the wrong name. All throughout the report it read that incorrect name so I expect that will be another addition to the report. This is so frustrating. I was doing so well and now I have those marks. :(

Bostonian, thanks for your response but relax your getting irritated helps nothing, It's my lender's loan and my credit. Nothing affects you. I don't have any other blemishes so it's a lesson learned. I didn't say I should get a free ride. Obviously if I have a house and a loan I haven't been mooching off of anyone as you say. No point in you gettting your blood pressure up. Hope you calm down later. :)

Answer 1

Did you make two "half payments" in the same month or just made half of the payment each month? If you owe say $2000 for Nov and send $1000, then yes you'll be late for that month if you don't pay the other $1000 within 30 days of the original payment due date. So if you payment is due Jan 15th you must pay the whole amount before 15th. If you made two "half payments" within the 30 days you should be ok. The lender could charge late fees but it shouldn't show up on your credit. Why don't you send the whole payment instead of half payments? You might as well wait until you have all the cash together to make a payment. Sending half one month is no different than not making the payment at all in the eyes of the bank.

Changing personal info has no effect on your score. If you apply for a loan and you say you've worked at XYX company for 5 years but your credit report shows somewhere else it could raise an eyebrow but no major issue. I work for one the largest mortgage lenders in the country and this is very normal. My transunion report still says I work for Subway sandwiches. I haven't worked for them over 12 years when I was in high school. Never stopped me from getting a loan.

Answer 2

If you pay less than the full payment due then you are late. Pure and simple. There's nothing to dispute; it was properly reported. They will NOT retract it.

Correcting name misspellings or addresses has no affect on your credit rating. Your payment history most certainly does, though.

Where do you get the idea that this is "misinformation?" You paid LATE and it was PROPERLY reported as such!

You need to understand that if you don't make your payments IN FULL and ON TIME then you are LATE! That's how the system works. What sucks is that you think that you're entitled to some sort of free ride, Dearie!

Answer 3

What makes for bad scores are
1) High debt for available credit
2) Late payments
3) Charge offs

see wiki

http://en.wikipedia.org/wiki/FICO_score

It sounds like You never paid the other 1/2s . . .
That makes them STILL delinquent !

>

Answer 4

what is there to dispute? you made half the amount due to the mortgage lender.