3/31/2024 0 Comments Quicken loans payment arrangementAs in the last time, they just add the payments to the back of the loan.If you’ve been enjoying the temporary pause on student loan payments - along with the 0% interest accrual and the stop on collections for loans that are in default - you may be wondering what happens when the pause comes to an end. The net result of this is 9 months of hassle and credit problems that are not going to clear for the next seven years.ĭo not accept a forbearance with Rocket Mortgage! If they had told me what they were going to do to me I would have done whatever it took to make sure they got paid! I thought they were being nice. I ask them when this situation clears, and they said not until after September. I call them every month to arrange the monthly payment, because the web site to pay them does not have the ability to make a regular payment anymore. They completely trashed my credit, told all the credit reporting agencies I was delinquent, and still show me as "owing 5 months of payments". In short here we are in July and I have signed everything they asked me, and resumed payments "on a trial basis", which is what they told me to do. They told me I needed to file paperwork ("success plan") and to NOT PAY ON THE LOAN UNTIL IT WAS DONE. After 2 months, into march, I called them and told them I had a job and wanted to pay on the loan again. I called them at the start of the year and told them I lost my job at the end of the year, and they said ok. This time my forbearance period was far shorter, 2 months, also for unemployment. I previously had a forbearance with QL for unemployment during Covid, and they handled it without issue. If you are thinking of a forbearance with them, do whatever you can to avoid it. ![]() I am now in my 7th month of fighting with Rocket Mortgage/Quicken loans over a 2 month forbearance. If they are not keeping the appropriate and legal paperwork, they are not allowed to list that account on your reports.Įnjoy the Wiki? Join the community in our main reddit! They are required to keep records that allow them to list that negative information on your report. As much as credit card companies, loan companies, banks or debt collectors can tarnish your credit and financial freedom with a single keystroke, the USA has laws for the consumer - YOU! As much as a car repo company wants to list a $8000 debt on your report it is your legal right to challenge the validity of that debt and the bureaus themselves.No academic studies / surveys without approval - All surveys / studies must have prior r/credit mod approval and must have IRB approval. This includes buying tradelines, CPNs, etc. No promoting fraud - Posts or comments encouraging others to commit fraud will be removed and will result in a permanent ban. ![]() Attempts to work around automod will result in a permanent ban. Please see the wiki to see the general r/credit consensus on using such companies. No credit repair company / services posts - No posts asking about hiring a credit repair company or service are allowed. Violation is an immediate and permanent ban. This sub-reddit is for sharing information directly in the community. No Self-promotion - No self promotion of your services, products, videos, etc. No Link Shorteners/Referrals - Any use of a link shortener or referral will result in an immediate and permanent ban. Insults, slurs, name-calling, going off topic, personal attacks, etc. You will not be welcome in this sub if you attack others. Don't Shame Others / Name-calling / Personal Attacks - Everybody makes mistakes in their life and this platform is here for us to work together to correct them.Please keep these general guidelines in mind when participating in r/CRedit ![]() Consider checking out these reddits to do just that! Getting your credit in order sometimes requires you to also get a reign on your life overall.
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