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rahl · 04-01-2010, 09:23 PM

So I'm looking at the credit report I got from my bank, and the adverse reports on my wife we just can't figure out. The report shows she is in collections from 3 different companies. The total of all three is aprox $130. This has impacted her score negatively since she doesn't have a very long credit history. She swears she has no idea what these are for. The credit report shows her SS# but it has the wrong name on it. Wrong spelling of her first name, and incorrect middle initial. Could this be the reason these faulty collections are on there? If so what should I do?

Based on her low score, the only option we have for refinancing is an FHA. Which only lowers my monthly payment by about $30.00. I need to refinance in order to remove my original cosigner, but I don't particularly like the FHA route, which at this time is the only option the bank is willing to go. This is so frustrating!

04-01-2010, 09:23 PM	#23 (permalink)
rahl Junkie Location: Ohio	So I'm looking at the credit report I got from my bank, and the adverse reports on my wife we just can't figure out. The report shows she is in collections from 3 different companies. The total of all three is aprox $130. This has impacted her score negatively since she doesn't have a very long credit history. She swears she has no idea what these are for. The credit report shows her SS# but it has the wrong name on it. Wrong spelling of her first name, and incorrect middle initial. Could this be the reason these faulty collections are on there? If so what should I do? Based on her low score, the only option we have for refinancing is an FHA. Which only lowers my monthly payment by about $30.00. I need to refinance in order to remove my original cosigner, but I don't particularly like the FHA route, which at this time is the only option the bank is willing to go. This is so frustrating! __________________ "Your life is Yours alone...Rise up and live it"