I apologize in advance for the story, but you must have all the facts:
My wife & I went thru chapter 7 and was discharged 12/09. We have worked hard to rebuild our credit for 4 years and now applied for a FHA home loan
10/15/13 and was pre-approved to get a FHA loan, credit score of 668, no problem. On 11/7 we changed our loan over to a FHA 203k loan with a different institution who had better rates as we wanted to do some moderate renovation and they ( bank ) in turn ran a new credit check. We were turned down as a result of my credit score showing 626 & 624. Only 2 weeks later this has happened and devastating.
I subscribe to FCR. com every month and they as well advised me that was my score was still at 668 upon running my 3D credit score inquiry at a cost of $ 32.95, so I didn't understand why the bank had a different score.
When I dug deeper, I found out that US Bank had just sent over to 2 of the 3 credit reporting agencies & FCR.com notice that said US BANK CREDIT CARD RECOVERY has flagged your account as CHAPTER 7 BANKRUPTCY DISCHARGED. I pulled up their listing on my credit report
and it was logged as FP ( failed to pay ) and impacted my credit score with the end result of the loan being turned down.
I contacted US Bank and they have agreed to the error in reporting and have issued me a letter to such and says it will take at least 14 days to change the credit reporting agencies i.e. update. We were supposed to close on this house 12/11, we have paid $ 1000 as a down payment and $ 450 for inspection fees and now we don't qualify for the loan. I have also given notice to my employer who has made a transfer for me to a new location, and we have given our notice where we live and it has already been re-rented.
Is there any claim here for the impact they have caused me ?
Thank you for listening....