After you receive mortgage pre-approval you may think you’re in the clear. You’re not. Avoid these activities until after the loan is closed.
By Blair Warner, Sr. Credit Consultant at UpgradeMyCredit.com
Did you know that after a bankruptcy that the reporting agencies cannot continue to report the items included in the BK as usual? They are not allowed to show the payment history, balances, or any derogatory information about the account. It should only say Account Name, Account Number, Comments: “Included In Bankruptcy” If it says anything else, it qualifies to be audited and customers usually get a settlement check from the Bank.
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