I went through a recent mortgage refinance in New England. Went from over 4% on a 30 year fixed to 2.75% on a 30 year fixed with no closing costs(for me and my family's situation this is a good move). The process took longer than I expected but I worked with the mortgage originator as closely as possible. I was more or less advised not to make a scheduled monthly mortgage payment as the refi should have been completed before the grace period was up. (yes I was hoping to save a month or two of mortgage payments and I understand that I may have been taking some not-so-great advice or at very least risky). I ended up NOT stopping my automatic payment at my mortgage company in time so I had to do a stop payment at my my bank. This worked. The payment came out and went right back in. More time passed and I was getting too close to being 30 days overdue and my refi still was not complete. So I decided to make a payment on my mortgage using my same bank that I had the stop payment on. I did not realize that the stop payment wasn't just a one-time thing. The payment was made but then it was kicked back and I missed the communication. It got reported to the credit agencies as an over 30 day late payment and my credit score dropped by 99 points.
I had/have the money to fix this but I literally couldn't get into contact with anyone at my mortgage company to talk to. The phone lines are always so poor that I can't communicate with the person on the other end. MY REFINANCE COMPLETED a couple days after I realized my mistake. The old loan was paid off and the new loan has begun, under the same mortgage company. I tried communicating with the person in charge of delinquent accounts but we are playing a long game of two week call backs.
How can I fix this credit strike? Can I write a letter to the credit reporting agencies? I am even willing to go back and make that missed payment but it seems it's too late for that.
My family has a long history of very poor financial decisions and within the past 5-10 years we have made great strides in righting our past mistakes. This just feels like I slapped myself in the face on purpose.
Submitted July 10, 2021 at 08:29AM by eyorethebeyore https://ift.tt/3xC1J3a
