A refinance typically pays an old obligation and creates a new one. The old loan may remain as a closed history entry.
A refinance typically pays an old obligation and creates a new one. The old loan may remain as a closed history entry.
Review the records
Compare payoff documentation, old and new lender statements, account numbers, and reporting dates. Dispute any false remaining balance or late status with the responsible furnisher.
Choose the appropriate action
If the information is accurate, use the account records to plan the next step. No dispute or calculator can guarantee a particular score change.
Resources
CreditAhead resource: https://safeskyconsulting.com/diy/free Consumer guidance: https://www.consumerfinance.gov/ask-cfpb/how-do-i-dispute-an-error-on-my-credit-report-en-314/
Use CreditAhead's free A-to-Z credit guide
Learn the DIY steps and keep a clear record of your decisions.
This article shares general tips. It is not legal or money advice for your own situation. Results are different for each person.
