Q: Can the bank report a deed in lieu as "settled" on my credit report, even though my late payments have fallen off?
I bought a home in 2010. Because I was a Marine until recently, they were unable to foreclose and the account with the late payments fell off in 2017. I am now doing a deed in lieu of foreclosure. Can the bank still report it as a "settled" account even though the original account fell off?
A: Yes. Banks usually report accounts settled when they are settled.
A: Yes they can you can contact the credit bureaus if they don’t report it or there is an inaccuracy
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