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Donna Said:

Illegal foreclosure?

We Answered:

You will need to get proof of the reversal in the form of a document. If you go to the websites of Equifax, Experian and Transunion, you can find out how they want you to submit this proof in order to have the foreclosure removed.

One important fact you should be aware of is that it takes a great deal of time to get the removal of any error on your credit reports. You may have to submit this proof several times. Also, you should be aware that the forclosure reversal will not come off of all three credit reports just because you submit proof to one of them. You need to work on submitting to all three companies.

It is perfectly legal to have the foreclosure on your reports. The credit companies do not pride themselves on follow up nor do they care about reversals. It is your responsibility to maintain the reports accuracy (sad but true). Legally, the credit reporting agencies can not remove any information from your report until 7 years has passed (then it automatically comes off) OR you provide proof that there is a reporting error. The other piece of advice I can give you is to make a point of providing this proof of reversal to perspective employers. If you know that they are pulling your credit report, then it is your responsibility to inform them of the error (going forward) until you are able to get the foreclosure removed. Again, I would suggest that you provide documentation to these perspective employers as a verbal correction doesn't mean much when it comes to your credit report.

Paula Said:

Can this be reversed? Loan company did "Hard Pull" after i asked them to only "Soft Pull"-score down 25 pts.?

We Answered:

hey! well i dont know about US but here in UK some companies put a soft print on your credit report when they do a search and some a hard print, so the soft print is only on there for 10 days and isnt permanent, usually the person who you talk to says whether it is a soft print credit check or a permanent one. But it does depend on the company doing the credit check you know. To be honest i dont think a check of your credit report is THAT big a problem. I mean yes you say that your score dropped slightly. but lenders take everything into account not just a previous search per say, I really dont think you need to be sweating about it just this much. plus attorney general? really??