Posted on: 09th Jul, 2010 01:05 pm
my mortgage was charged off in december 2007. a collection agency has it now and i pay then a monthly bill. this charge off appears as a foreclosure on my credit report. is there any way i can refinance a loan to restore my credit and get from under this charge off?
Hi Patrice,
You won't be able to refinance the loan which has been charged off by the lender. However, you can contact your lender as well as the collection agency and request them to report the loan as "charged off" rather than "foreclosure".
Thanks
You won't be able to refinance the loan which has been charged off by the lender. However, you can contact your lender as well as the collection agency and request them to report the loan as "charged off" rather than "foreclosure".
Thanks