Invisible mortgage: When your loan is not on your credit report
When you pay your mortgage on time, it shows that you can borrow and repay large amounts of money. In fact, many people count on mortgages to build and maintain good credit.
However, some people realize that their mortgage is not appearing in their credit report.
Reasons your mortgage is missing
It may seem odd that such a large loan would not show up on your credit report, but it occurs more often than you probably realize. According to sources, there are several reasons why your mortgage may not appear on your credit report, including:
Can you correct this?
If your mortgage is not appearing on your credit report, you might be able to get it added. You cannot submit your mortgage yourself, but you can check for clerical errors and ask your lender to correct them.
If your lender does not report your mortgage to any of the credit bureaus, you cannot force them to do so. However, if you are trying to get a new mortgage, you can present your prospective lender with evidence of the loan and your payment history.
Not sure if your mortgage appears on our credit report? Sign up for a PrivacyGuard membership today. You can check all three credit reports and get daily credit monitoring.