Mortgage company helping update credit?

[invest1choice]

Okay will this mess up everything I have done in the past trying to clean up .. They have a copy of my discharge papers and will get credit reports updated to correct BK info in about 5 days...
My question would be if you disputed all and they go sending in these papers is that a problem?
I guess since I have been trying to get them updated even though a lot have come off and maybe thats the end of my rope and all others will stay under BK ...
The only reason he is doing it Is to get my credit score up and give me a better rate to lower my payments ...

[Roadrunner]

I've never heard of another person being able to dispute your credit for you, at least not that they are supposed to. And, it is not up to us to provide proof to the reporting bureaus. It is their job to verify or delete.

[invest1choice]

That sounds good to me ...
I was just concerned that now that they have my papers, they may send to bureaus which is not something I would ever do ....
I guess I will call them tommorrow and find out the procedure of this program he has ... I have never heard of it either .. and maybe since they were doing my loan they are able to do this ...
I am just trying to refinance my home and still be able to afford it .. I think our scores are not good yet to be honest ...

[Roadrunner]

He might be trying to slip in something else he can 'sell' to you.

[tinroofrusted]

He might be trying to slip in something else he can 'sell' to you.

Nope.
they are trained to ASSIST in credit cleanup. I do it every single day at the mortgage company I work for, helping fill out disupute papers, and the like.

We do that a.) to help and b.) to get better interest rates and things of that nature.

[invest1choice]

Will it hurt my efforst in cleaning up as "not mine" even BK "not mine"....
do they send the discharge copy of the papers to the credit bureaus?

[tinroofrusted]

Will it hurt my efforst in cleaning up as "not mine" even BK "not mine"....
do they send the discharge copy of the papers to the credit bureaus?

NEVER EVER EVER SEND DISCHARGE PAPERS TO THE CREDIT BUREAUS...

ahem.

Now that I am done shouting.... continue on!

[invest1choice]

Tin ,
"I know that " Thats one thing I have learned here ..

I am worried about the Mortgage Guy sending my Discharge Papers because he needed it with all my creditors listed so I sent it to him.
. He says he is going to have credit bureaus correct info ..So we can get my records updated on credit report... Should I stop him? And tell him I have disputed not mine on BK and creditors.....

I have been following the advice of this board in that aspect
'YOU GUYS ARE GREAT" ....
Thanks

[tinroofrusted]

Tin ,
"I know that " Thats one thing I have learned here ..

I am worried about the Mortgage Guy sending my Discharge Papers because he needed it with all my creditors listed so I sent it to him.
. He says he is going to have credit bureaus correct info ..So we can get my records updated on credit report... Should I stop him? And tell him I have disputed not mine on BK and creditors.....

I have been following the advice of this board in that aspect
'YOU GUYS ARE GREAT" ....
Thanks

I'd call him right now and tell him that if he sent my discharge papers to the credit bureaus, I would sue him.

There is no need for that whatsoever. If the credit bureaus can't verify it, then they have to remove it!

[invest1choice]

I just did .. I Left a voice message and e-mail not to send to bureaus.
Do you know what the procedure is, when a mortgage company helps you fix your credit? He may have not been planning on doing that but By me sending our papers made me nervous Never sent the discharge papers to anyone yet.
I just spoke to another broker anyways and it would be in our better interest to wait on refinacing due to not having much equity and our scores it will hurt us she said very honestly. She would wait until our arm is up and see what rate they raise it to from 7.5% it changes every 6 months and from what she said it may just go only to 8.5 % which is what I would be paying closing fees to get right now. her suggestion wait see what it raises to then decide by October our scores should be higher and we would be out of BK longer which always helps. Our current scores are below... not so good yet but working onit.. Do you think by getting a car loan around 9,000 would be really bad we only have one car and really need another one . that was one of the reasons we wanted to refi now so then we could go get a car... But now that we are waiting how bad do you think it will be?

[FloridaGirl]

Okay, so with all this talk about not sending your BK papers to the CRA's, I have a question. I received a response from Experian today in regards to my first dispute. They have asked that I send them a crap load of stuff. They have asked for copies of my BK discharge, creditor matrix, driver license, and a utility bill. Now, instead of telling us that we shouldn't send them all this stuff, which we already know, does anyone have a good letter in which to send them in response? If it is their responsibility to prove things, why do they send responses such as this?

I need a letter which has worked for someone in my situation. I don't want to keep going round and round with these people. Stupid jerks.

[Roadrunner]

Invest1Choice-

In my opinion, someone (who is paid off of commission) who says to not do anything now and suggests waiting is probably a good person to work with. Getting a car loan now could hurt your DTI though. It may or may not have an impact on your credit scores. I think the DTI might be the bigger issue, since you're working on your scores anyhow. With your #'s as they are now, is your DTI healthy enough to handle a car payment AND still qualify for the mortgage you'll probably be ok.