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Posted in Mortgage
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surfdrt

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Suntrust is recently reporting a Home loan I no longer have.
I had a Home loan with PMI in 2006 and the bank took it back without a forclosure. It is reported as $0.00 balance, but it shows I have a $1700 payment (Not Due) How does this affect my credit and can it be removed and how? Thank You

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It is shown because you did have that account and credit accounts will show on a credit report.  Credit reports also show if the account was paid on time or if there is a history of late payments.  It's the history that counts a lot and a good credit history is a PLUS.  Don't sweat old accounts that show good history.

But the bad history is important to creditors because they may not want to lend you money if you've shown disregard for the payment agreement (late pay, sent to collections, charge off).

There is nothing you can do about the credit reports because the time frame they can remain is under Federal Law (Fair Credit Reporting Act). 

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