How To Check Credit Reports For Delinquent Mortgage Payments

Be responsible and learn how to check credit reports for delinquent mortgage payments. Delinquent mortgage payments can not only result in additional fees from your mortgage lender, they also may appear within each of your credit reports. Because payment history is such a crucial factor in determining your credit scores, delinquent mortgage payments can result in your credit scores suffering. If you aren’t sure whether or not your credit reports reflect delinquent mortgage payments, check for yourself. 

1. Request your credit reports to evaluate any delinquent mortgage payments that may appear. You must request a credit report from Experian, Equifax and TransUnion in order to evaluate all three reports. Keep in mind that the Fair and Accurate Credit Transactions Act of 2003 entitles you to one free credit report each year-from each credit bureau.
2. Review your credit reports for your mortgage lender’s tradeline. Your mortgage lender’s tradeline should appear under “installment accounts” on each credit report. Although you may have delinquent payments to other creditors, your delinquent mortgage payments will only appear under your mortgage lender’s tradeline.
3. Check your mortgage lender’s payment history for delinquent mortgage payments. The payment history for each account appears within the tradeline beneath the general information on the account. The payment log is a series of boxes that, through their colors, reflect whether payments were made in a timely manner. Mortgage payments made on time appear as green boxes. If the payment history boxes in your mortgage lender’s tradeline appear in any color other than green, you have delinquent mortgage payments within your credit report. 
4. Call your lender if the delinquent mortgage payments never occurred. Credit reporting errors aren’t uncommon. Should you discover delinquent mortgage payments on your credit reports when you know you made each of your mortgage payments on time, you can contact your lender to report the error. You may also dispute the incorrect information on your credit reports with each of the credit bureaus. 

Tip: 

• If your credit reports display a delinquent mortgage payment you know is accurate, you may still call your lender and request that it remove the notation. If you pay the majority of your mortgage payments on time, your lender may agree to remove one delinquent mortgage payment as a simple gesture of goodwill.