Old Mortgage company reporting me years after selling house?

Dec 092011
 

I owned a house, financed through GMAC mortgage from 2001 to 2005, when I sold it. Years go by, nothing wrong. As of January this year, they reported me for being delinquent on a single mortgage payment… 3 yrs later.

I started the process of a home loan app today with another company and they tell me I currently have a mortgage loan, for the exact amount of my old mortgage. I keep tabs on my credit using equifax.com and I had never seen antyhing. Today I check back, and now it shows I have a $ 130,000 mortgage (amount of my old house) to some comapny I’ve never heard of. In fact, there seems to be a few names involved – my credit report shows “NetBank” and the person processing my app shows RBMG, and I also saw a Resource Mortgage somewhere too. The only phone number I found is busy all of the time. I googled the address and it leads to south carolina consumer protection agency.

All of this is really weird. Anyone seen this before or have any idea what is going on?

My Rich Uncle Student loans – now two companies are billing me

Dec 022011
 

I had a student loan with My Rich Uncle. It was sold to Education Empowerment or American Education Service. Education Empowerment has an accounting company that handles their payments. I have been paying AES and Education Empowerment is claiming I owe them the debt. AES has my loan in deferment, Education Empowerment has me listed as delinquent and reported to the credit bureaus. GREAT! How can I find out who owns this loan and get this removed from my credit report? 

 

Thanks!

Cree28

student loans
byEmbajada de Estados Unidos en Bolivia

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Settled Dell CC CO and score dropped 30 points. Due to reaging?

Feb 252011
 

I just called in and settled an account that’s been delinquent since 2009 for 50%. It’s just been updated on my CR with $0 balance and shows status as Paid – Less than full balance. I thought this would raise my score, however, my score dropped 30 points.

 

Is this normal? Is this what I keep hearing about rebucketing?

 

Any assistance would be appreciated.

Backdate Forbearance

Jan 032011
 

I sent a GW letter to ECSI to see if they would removed a 120-day late payment from when our loan first came due.  Due to us moving at the same time as the loan came due, the bills were sent to the old address and we fell behind on the payments, although we were paying 7 other student loans on time, and have since paid the ECSI loan on time every month since and paid the late balance immediately once we realized what happened.  They said due to “several federal regulations” they cannot remove the lates.  However, they offered this:

 

“We can assist you if you can submit a forbearance request to us to cover the time in question when you went delinquent so  we can review the request  and if approved the forbearance/economic hardship is able to be backdated and remove the delinquent credit.”

 

Does this mean they would delete the 120-day late payment from my CR if I am approved for backdated forbearance?  The gentleman I am coresponding with is very nice, and they have contacted my school as well to try to work with me on this.  It was a truly honest mistake that we were late, although we were in very hard economic times when the loan came due and it is the largest payment we had due.  My dad had just filed BK and I was making less than $150 a week at a PT job.

What credit score do I need to qualify for an independent student loan?

Nov 042010
 

11-4-2010

 

6:28:52 p.m. (E.S.T.)

 

To Whom It May Concern:

 

My credit score is 636.  Will it go up next month when my delinquent credit accounts are removed off of my credit history or at least marked settled.  And where should I apply for an independent student loan.  I already have a Master’s degree but I am returning to school to complete my pre-medical course work.  I will be back in undergraduate studies.  I no longer qualify for federal student loans because I am at my maximum loan amount of 50,000.00 for undergraduate studies and I no longer qualify for the Pell grant either because I already have a bachelor’s degree. I am relying on private student to fund my premedical studies, so I need to figure out what to do in order to increase my credit score and improve my eligibility for private student loans.  Thank you for your assistance regarding the question posted above.

 

Sincerely,

 

 

Ms. Bayo Elizabeth Cary, A.A., B.A., M.A.

Need help. Recieved letter from attorney

Oct 102010
 

 

HI All,
Newb here. The situation is that I have a few accounts on collection, due to past negligence, fraud
issues and putting medical bills on credit cards that I couldn’t pay at that time. I have been
ignoring calls from CAs as I couldn’t really pay the money. I was in the hospital for a bit and I
recently started supporting my family so I hardly save much. I recently started working again and
concentrated on paying personal loans and started paying my student loans and let the credit card
accounts default. I have 10 accounts showing on my FicoReport, with 3 without negative indication (
the student loan i’m paying and one of my active credit card accounts + a closed one in the past).
I have 2 negative indicator accounts with $0 balance that say Pays account as agreed.
and the total debt of the delinquent/collection accounts is about 13000$, student loan being another
8000$ (which is in good standing).
I recieved a letter from attorneys (Lustig Glaser & Wilson PC in Needham, MA) representing a
collector, Bank of America, that i owe about 2400$ saying that they want to discuss this matter with
me and reach an “amicable” solution and that they can work together to arrive at a reasonable
payment program.
I recently had some major expenses on some dental work to the tune of 2000$ and while I wish to
start repaying the debtors as soon as possible, I don’t really know how to handle this.
Getting this letter from an attorney, does this mean I’ll be sued? What should be my next steps?
My Equifax is at 571 right now. I wish to improve it and am willing to even cutback on my lifestyle
in terms of eating out or travel etc.
Any help will be greatly appreciated. I can further provide more details about my accounts if the
need be. It’s just that I cannot afford a lawyer at this point of time.

HI All,
Newb here. The situation is that I have a few accounts on collection, due to past negligence, fraudissues and putting medical bills on credit cards that I couldn’t pay at that time. I have beenignoring calls from CAs as I couldn’t really pay the money. I was in the hospital for a bit and Irecently started supporting my family so I hardly save much. I recently started working again andconcentrated on paying personal loans and started paying my student loans and let the credit cardaccounts default. I have 10 accounts showing on my FicoReport, with 3 without negative indication (the student loan i’m paying and one of my credit card accounts).
I have 2 negative indicator accounts with $0 balance that say Pays account as agreed.
and the total debt of the delinquent/collection accounts is about 13000$, student loan being another8000$
I recieved a letter from attorneys (Lustig Glaser & Wilson PC in Needham, MA) representing acollector, Bank of America, that i owe about 2400$ saying that they want to discuss this matter withme and reach an “amicable” solution and that they can work together to arrive at a reasonablepayment program.
I recently had some major expenses on some dental work to the tune of 2000$ and while I wish tostart repaying the debtors as soon as possible, I don’t really know how to handle this.
Getting this letter from an attorney, does this mean I’ll be sued? What should be my next steps?
My Equifax is at 571 right now. I wish to improve it and am willing to even cutback on my lifestylein terms of eating out or travel etc.
Any help will be greatly appreciated. I can further provide more details about my accounts if theneed be. It’s just that I cannot afford a lawyer at this point of time.

 

CA won’t accept payment

Sep 172010
 

I have three medical bills that were sent to a collection agency in 2007. I let my ex handle all of the finances.(Yes that was sheer stupidity on my part.) So it wasn’t until my divorce in 09 that I learned of these accounts and others on my credit reports. Since then I have been working very hard to pay the delinquent accounts off. Here’s my problem. I have contacted the collection agency regarding these accounts and have sent in payments that would have paid the accounts in full. The collection agency sends letters and the payments back stating they are not the original creditor, the accounts are closed as far as they are concerned, and they will not accept remittance. So why are they still reporting the accounts? Other accounts I have paid are still being reported but at least they state PAID. Which isn’t as bad. This agency is reporting them but will not allow me to pay them. Is this even legal?

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