Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Mortgage
Profile Image

Question By
Junemg6713

0 Contributions
0 People Helped
Short Sold my home April 2013, but report just shows the mortgage and old balance. Confused.
The report shows the old total balance and the old 15 missed payments while the home was in short sale process. Lots of fun short selling, huh? Anyhow, it shows this mortgage info "reported as of April 2013". Shouldn't it say something like this is a settled debt by now? Would getting that corrected help or hurt my score? My score did drop during and after the sale, but is slowly coming back, but would sure like to know if getting this report correct to an accurate status would be a helpful boost!
Thanks!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2791 People Helped

If the account is showing closed, not open, then I would leave it alone.  Correcting it to a short sale will hurt your score.  Late payments are old, and the older they get, the less damage they are doing to your score.  In fact, after 2 years they aren't even counted as part of your score.  Since your scores are increasing, that's a good sign that the way it is reporting now isn't doing damage.  

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.