Credit Disputes Can Delay Your Mortgage Application Even if they are Legitimate!

by Judy Jones All lenders are requiring any disputed account on a borrower’s credit report to be resolved or the dispute removed before the loan can be approved. The reason for this is that unscrupulous “credit repair” or “credit fixer” companies have told consumers how to use (abuse) the Fair Credit Reporting Act to falsely inflate the consumer’s credit scores. The Fair Credit Reporting Act allows for any consumer to dispute any credit account...

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