Hi,
Please help me. I am not sure what what I can do? My loan modification process started last September. I was current on everything and working to pay off my credit cards. I contacted the lender and was told they would help me by modifying my loan. They also added that there would be no negative influence on my credit even if I missed two three payments.
Once I skipped the payments (two) I was asked to wait a couple of more months. Then I checked my credit report, and was astonished to see that the missed payments were being reported. By December I saw rate hikes and limit reductions across the board. The 0% deals I was going to use for balance transfers were revoked.
Finally I got the paper work in February this year. Once I did I returned it the next day. Since about March I have been told my loan just needs to be booked, give it 2-3 days to a week. But it's been 6 months now.
The problem is they are reporting my modified loan now as not being paid. I am approaching 180 days delinquent and worry about more credit hits.
Mortgage loan modification
Hi Azura,
The problem is they are reporting my modified loan now as not being paid. I am approaching 180 days delinquent and worry about more credit hits.
You are not making any payments? I think you should immediately talk to the lender about the payments.
Moreover you should have got this
They also added that there would be no negative influence on my credit even if I missed two three payments.
in writing before missing the payments.
Thanks,
Aaron