I presently have an account with AMC Mortgage AKA Ameriquest Mortgage. Due to Hurricane Katrina, my job was destroyed. Therefore, no employment. I notified AMC of the situation. They were very sympathetic and gave me a 90 retention and no late charges will be accumulated and account will not be reported to the credit bureau.
After finding a new job, I called to make payment arrangements. Not only did they report my account to the credit bureau as being 120 days late (ruined my credit), they wanted the full payments for 3 months all at once. Of course, I dont'have that kind of money at one time.
They finally realize that and broke the payment down with a high 10% interest rate. I called and asked why did they report my account to the credit bureau and they stated it should not have and they will change it.
It's been 2 months and it still have not been remove from my credit. I am in the process of looking for another mortgage company.
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