OurCommunityPower.org >  Credit Forums   Debt Forums  Mortgage Forums  Insurance Forums
CreditMagic logo
Close

    LOG IN
Don't have an account? Sign up

*Email:
*Password:
*Display Name:
* denotes required field
*Email:
*Password:
Forgot password?
*E-mail:
  
HomeCredit ForumCredit repair

lender sold my home loan will missed payments be on credit

 Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
Tolston23



Joined: 27 Jun 2008
Tolston23's page
Posts: 1



28 Magic Points
Subject: lender sold my home loan will missed payments be on credit
 
 Posted on Fri Jun 27, 2008 10:01 pm  
I missed 4 of my mortgage payments when I graduated from college because of the inability to find a job once I was employed the mortgage company agreed to allow me to repay the missed payments through a repayment plan. Once the plan ended and I was current on my payments for six months the mortgage company sold my loan. Since my loan was sold, will the missed mortgage payments from my old lender still appear on my credit report
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 378



4034 Magic Points
 
 Posted on Sat Jun 28, 2008 2:51 am  
The sale of your loan should not effect what is already on your CR. The only change you should see is that your previous banks loan will show as sold
_________________
****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

www.homecreditrepair.net

http://homecreditrepair.hqforums.net/
 
carol

carol

Joined: 27 Jun 2006
carol's page
Posts: 375



10293 Magic Points
 
 Posted on Thu Jul 03, 2008 12:07 pm  
If the listing has been removed by your original lender, it will not be shown in your credit report even if your loan has been sold off by your lender. However if your lender has not removed it yet, it will stay on your credit report. The change is that as CMBV pointed out, you will find the name of the collection agency to whom your loan account is sold.
_________________
Keep in touch
Carol
 
Quick Reply
Your Name
Subject
Message body
Page 1 of 1

 


All the works we publish comply with the Creative Commons Attribution License.
This work is licensed under cc by 2.0

Home Knowledge bank Forums About us

Members Area
  • Log in
  • Sign up
  • Bookmark us
Ask the Community
Join credit magic community
Search
  • Forum Search

Financial Tools
  • Credit Repair Tool

Financial blog reader.
Quick poll
Which is of more importance... Credit score or FICO score?
FICO Score 
Credit Score