hopeful77 asked:
My mortgagecompany issued me a moratorium for 4months (postponed payments)due to hurricane Wilma. This Hurricane displaced us for a couple of months and caused an extreme Financial hardship. The mortgage company(Wells Fargo Home mortgage) has on their records that they will not report any late payments and/or there will be no negative credit reporting.However, after i sent the payments and checked my credit report they indeed reported 120 days late payments to the major credit bureaus. When i talk to the represenatives they indeed see the notes about not repoting late to the credit bureau and even waived every late charge,but are adamant about not removing the negative reporting. I was a loyal consumer and my lateness was due to “acts of Nature” beyond my control. Initially the moratorium helped our family, but in the end it has really hurt my credit worthiness. I am having difficulty securing another home loan (sold previous property)because of the negative reporting. What can I do?
#1 by Krinta on February 7, 2010 - 6:45 pm
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Contact your Wells Fargo and make sure it is corrected since what you went through with the hurricane, let them know that they need to clean the report up and also get it in writing. Also I would contact the credit bureaus and let them know exactly what happened and I would almost bet they will help you. Sorry about all you went through…K
#2 by theamishboy on February 10, 2010 - 1:33 am
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you can find many of your answers on repairing your credit on