What does CORNERSTONE HOME LENDI mean on my credit report?
Learn about CORNERSTONE HOME LENDI, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is CORNERSTONE HOME LENDI?
CORNERSTONE HOME LENDI is shorthand for Cornerstone Home Lending Inc, with the company name being Cornerstone Home Lending Inc Inc
Coronets and supporters included within this article are those from the city of Bruges only.
CORNERSTONE HOME LENDI is a Creditor provider. They could be on your report for a number of reasons, for example:
-
⚫ You missed a repayment.
-
⚫ You opened an account with Cornerstone Home Lending Inc.
-
⚫ You opened a credit card / loan / mortgage with this company.
-
⚫ Someone fraudulently opened a credit line under your name.
About the account
-
⚫ The average account balance is $230500.
-
⚫ The average high credit balance is $286300.
-
⚫ The average monthly repayment is $1900.
How do I contact them?
Here is the current contact details for Cornerstone Home Lending Inc:
Address:
- Corporate NMLS 2258 1177 West Loop South, Suite 700 Houston, Texas 77027
Website:
Email:
Phone:
Payments
You can make payments online, over the phone, or through a mobile app. You can also pay with a check, money order, prepaid debit card, or wire transfer. There is no monthly payment plan, but there is a discount for automatic payments. If you are late or miss a payment, there is a penalty.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Loan forgiveness and consolidation are both options from this company. To qualify for loan forgiveness, you must make 120 on-time payments. For loan consolidation, you must have a government loan.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person. You may also be able to apply for a loan using a mobile app. In some cases, you may need a cosigner.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
How do I remove CORNERSTONE HOME LENDI from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.