I've posted this on the BofA Mortgage Thread but thought I would post here as well since it is credit related. I apologize in advance for a long post.
In around October 2007 the home that my husband and I purchased through Country Wide went into foreclosure and it was finalized in November 2007. For the past three years we have been renting, paying off credit cards and getting our credit back on track in the hopes of trying to purchase another home sometime this year. We started working with a mortgage broker in March of this year just to see where we were at credit wise and what we should do between then and November 2010. She pulled a joint credit report in March and the foreclosure came up with BAC Home Loans as the lender with the date of last activity being Nov. 2007. At the time, our broker let us know that between the foreclosure and a few other items showing up on our credit report, that our scores needed to come up a bit before we would be able to qualify for a loan and at her suggestion, we signed up for a credit repair service. Since March 2010 to now, the service has been able to get about four items deleted from my credit report and it has helped my score go from the low 600's to the mid-high 600's. My husband on the other hand, pulled a new credit report last week and now BAC is showing three 120 day lates for April, May and July 2010 on the Equifax line. It is because of this we believe, his credit score has been lowered even more than it was last March. What is baffling is that on my new credit report I pulled last week, BAC still shows 11/07 as the date of last activity.
I guess my question is a.) is this legal, b.) could it be a mistake on either Equifax or BAC or c.) could this have been cause by us signing up for this credit repair service? The credit repair service is currently disputing these lates but said it would be very difficult for them to be deleted in a timely fashion. I'm wondering if this has happened to anyone else. I don't understand why these lates would show up on an account that has been closed for almost three years.
Any help or advice will be greatly appreciated.
Brandy in Sacramento