You Cannot Have Credit Dispute in Mortgage Process

Credit Dispute During Mortgage Application Process

Credit Dispute and Mortgage Application Process

It is no rocket science to dispute negative items on your credit report and see if the derogatory items will fall off from your credit report.  Every consumer can repair their credit. All you need to do is get a copy of your credit reports from the three credit reporting agencies and file a credit dispute letter to each credit reporting agencies: Transunion, Experian, and Equifax.

How to Dispute Bad Credit That is False Information

Once you contest a negative credit item, the credit reporting agency needs to verify your credit dispute by contacting the subject creditor and get proof that your credit dispute is valid all within 30 days. If the creditor does not get back to the credit reporting agency, the credit reporting agency needs to delete it from your credit report.

Many consumers dispute their derogatory credit information by consistently writing a credit dispute letter to the three credit reporting agencies. If the creditor does verify that the late payment or derogatory information is your, you can dispute your negative information again and again. Each time the creditor has 30 days to respond to your credit dispute. If the creditor forgets to verify your credit dispute, the credit reporting agency has to delete your negative information from their credit data base.

Credit Repair through Credit Dispute Process

Every consumer should pay attention to their credit reports and check for errors and see if they can delete negative information. A good credit score mean lower interest expense and lower interest rates.

Bad Credit Home Loans: Will My Credit Report Stop Me?

When you think of buying a new home, you cannot have any credit disputes in progress. If the mortgage lender sees that you have credit disputes in process, your mortgage loan will be halted until the credit dispute is removed. In the event that you have a credit dispute currently going on but need a new mortgage loan, you need to pull the credit dispute effective immediately.

Credit Dispute Can Halt Mortgage Process

If you are planning on purchasing a home in the very near future in California, Illinois or Florida, please refrain from disputing your credit until you close on your mortgage loan. Your mortgage broker can explain to you in more detail. If you have credit disputes in process and need to get a home loan, contact your mortgage broker and he can help you recant those disputes. In the event you need a credit score boost, your mortgage broker can do a rapid credit score re-score to get you to a certain credit level. I will be discussing credit re-scores on later blogs.

If you need a mortgage loan in California, Illinois or Florida and have prior bad credit, bankruptcy, short sale, charge offs,  collections, or foreclosures, please contact me at 262-716-8151 or email me at  You can also subscribe to our daily newsletter and visit me at I would like to work with you and am confident I can get you into a great mortgage loan program.

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The information contained on Gustan Cho Associates website is for informational purposes only and is not an advertisement for products offered by The Gustan Cho Team @ Gustan Cho Associates or its affiliates. The views and opinions expressed herein are those of the author and/or guest writers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center website and do not reflect the policy of Gustan Cho Associates Lenders Network, its officers, subsidiaries, parent, or affiliates.

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