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Posted in Mortgage
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CJ5R

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I have a mortgage loan not reported in my credit
Does this affect my credit score is 5 years old with no late payments. Also I am thinking of buying a new house. What the effect be?

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Not all lenders report to the credit bureaus, some may only report to one, so it could be possible that they report to Experian. You will have to contact the lender to ask if they report to the credit bureaus. Check your Experian report regardless to see what is on it and check for errors. If your lender does not report to the credit bureaus, your five years of on-time payments on this loan will not help your credit. Unfortunately, you cannot add accounts to your reports and there is no requirement saying that lenders must report. If you have trouble getting financed for the new house loan, you might consider applying with your current mortgage lender for the loan, since you have a good history with them.

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