Credit Access- 10 Day Deadline

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Viewing 12 posts - 31 through 42 (of 42 total)
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  • #64738
    Connie
    Member

    So I’m sad now because an account just popped up on my credit report and my counselor said even even if i take care of it, my contract will have to extend for 25 days. I’m just depressed right now

    #64740
    Nelsont
    Member

    Do you know why specifically 25 days? I can see extending it to take care of the issue but why 25 days? Also did you know this could happen?

    #64742
    Connie
    Member

    I have no idea why 25 days. This is a total surprise to me. Had it been I knew I’d have resolved this. I’m just feeling broken and helpless now. I’ve paid it because I did not want to start fighting with anyone. Neither do I have re energy to do so. They said my credit will be updated this weekend. So I don’t know what to do now. Thanks for replying @Nelsont

    #64751
    Peapod0609
    Member

    Well if your credit report gets updated this weekend you might not need to wait 25 days? If you have your credit pulled again and everything is fixed, you should be fine. It might take Bank of America an extra 1-3 days or more to review it, but I would not lose hope just yet!

    As soon as it gets fixed try inquiring as to how quickly it can be fixed from NACA/Bank of America’s perspective. Think of it not as a roadblock, but just a speed bump.

    #64837
    Connie
    Member

    Thank you @Peapod0609 and @Nelsont. My file was finally submitted for credit access this past Friday and since Monday is a holiday I have an appointment Tuesday to hopefully sign bank app. Praying everything goes smoothly. Thanks again

    #73566
    casita20
    Participant

    Hello i always read the comments i learnt so much from this forum, i live in new york so far i am on the credit access request timeline 01/08/2021 credit access pending 01/12/2021 two conditions to address today i spoke over the phone with my MC he would resend for credit access 01/12/2021 credit access request.does the ten day rule apply from the 8th? thank you guys for your comments i really cant wait to have my keys

    #73567
    Nelsont
    Member

    For what it’s worth it took me 3 weeks to get through credit access. There are almost no guarantees or strict timelines in the entire process except for managing your own finances. When it comes to contracts everything is a guideline. If you read @ttrumble response on the first page of this post from 9/18 he states 10 days is a goal and 10 business days is more realistic. That, however, was 2018. Everything changed in 2019 including the available lenders and then again in 2020 everything went out the window. Based on what you have written I would expect to hear a response by the end of the week if not early next week. Good luck!

    #73571
    lmcelrath
    Participant

    It almost took me 3 weeks to get though credit access. My wife and I went through credit access during the holidays. I believe that’s why it took almost 3 weeks.

    #73609
    casita20
    Participant

    thank you @Nelsont for your info. today i got credit access approved, I see on my file a bunch of bank documents to be sign in. i am so excited.

    #73764
    casita20
    Participant

    timeline so far from N.Y. (office Newark) I could only have good comments about this office my two MC have been great GH and DH .
    credit access request 01/08/2021
    credit access pending 01/12/2021 two conditions to address
    resend for credit access 01/12/2021
    credit access approved 01/13/2021
    bank app submitted 01/14/2021
    currently as of today (01/19/2021) waiting for a response from Bank of America.
    i’ll keep updating my timeline.

    #73859
    casita20
    Participant

    today is 1/23/2021 i am still waiting to hear from bank of america . how long do you think is normal before i contact my mc? thanks for the replies

    #74036
    casita20
    Participant

    Timeline updates year 2021
    1/27/2021 Appraisal received by mail
    1/28/2021 Appraisal post in my web file
    1/29/2021 Conditions post in my web underwriting pending initial review

Viewing 12 posts - 31 through 42 (of 42 total)
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