Consumer complaint received 2022-09-08
Company: U.S. BANCORP
State: IL
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Account information incorrect

Complaint:
This is my second time submitting a claim about US Bank, in regards to my home mortgage. It appears to me that US Bank has deceptive practices that prey on consumers. They continue to give me false information and do not accept responsibility for it. 

In XXXX of XXXX, I applied for Mortgage assistance through US Bank, the bank that holds my mortgage. At the time all I wanted was a 1-month deferment to provide some relief from my monthly expenses. That month I was not doing well with my business and had some unexpected expenses come up. At that time, when I applied for the Mortgage assistance, I was not behind on my mortgage and was still within the 30-day period. I was notified that I was approved for loan modification. The terms where my monthly payment would get lowered to {$660.00} and the first payment was not due until XX/XX/XXXX. Again, at this time I was still within the 30-day payment period and was not behind on my payments. To confirm the information, I received in the mail, I decided to call US Bank. This is all still in XXXX of XXXX. I spoke with 2 representatives from US Bank. I asked them specifically, according to the loan modification my first payment is not due until XXXX XXXX. Does that mean I don't have to make a payment until then? And if I don't have to make a payment will this go as a negative on my report? Both US Bank representatives stated that I do not have to make until XXXX and that the missed payments will not be a negative on your report. Based off the information I received from US Bank I decided not to make my XXXX and XXXX payment as I was told it would not be a negative mark on my credit report and the first payment of the Loan Modification program was XX/XX/XXXX. Once XX/XX/XXXX, came, I made my first payment for the loan modification program, on time. After that I received a credit report notification that I was 30 days late on my Mortgage payment. I immediately called US Bank to get this corrected as I was told it would not affect my credit. When I talked to the US Bank representative, she confirmed what the other 2 representatives said, that I should not have a negative late payment on my credit report. And was told they would submit a report to to the credit department to correct the error. I was told it would take 30 days to update. Later in XXXX I received a letter stating that the late payment would be suppress. XXXX and I made my payment within the 30-day period. My credit report updated to show that I am now 60 days past due. I once again called US bank to complain. The US bank representative told me once again that I should not show any late payments and that she would input another dispute to their credit department to update and correct the issue on my credit report. I was once again told that this would be corrected in 30 days. After that call I received a call from US Bank stating they had important information about my account, I missed the original call, but called them back. This is still in XXXX. When I call them back, I once again brought up the late payments that were showing up on my credit report. This time the US Bank Representative told me that this was not true, and the loan modification does offer any credit report protections. And that the previous representatives gave me false information. I asked her could they update my credit report because I received false information and based my decision on moving forward with the loan modification off the information US Bank representatives gave me. She said I could not. I proceeded to ask to speak to the Manager and was connected to her supervisor. I explained the situation to her, and she confirmed because they have recordings and notes from all my previous calls. The Supervisor for US Bank told me there was nothing she could do even though she admitted that I was given false information, they refuse to correct the information on my credit report. The only thing she said she would do is have the representatives I spoke with go through more training. That does not help me. I was following the instructions US Bank gave me and if I had of known that this would affect my credit report would have not accepted the modification and made my payments as normal. Again, US Bank also has notes and recordings of all the phone calls I made trying to do my due diligence on this option that is supposed to help consumer not hurt them. 

Most recently, I made additional calls into US Bank. On those calls I was told that once I have successfully completed the Trial Loan Modification program that those payments would be applied to my account and the 60 and 90 day late payments that are reported on my credit report would be removed. That never happened, when I called back in they told me the information I was given was not true. Once again I was lied to and given false information. I spoke with a Manager, which I would like to highlight that she hung up on me. When I spoke with her and explained the situation all she said was you were given a letter with the terms and theirs nothing we can do. As I stated to her the terms do not highlight directly how this loan modification affects my credit. I call in because I need better understanding to make a decision whether or not to accept the trial program. How can I be penalized because you are given me false information? As stated in my previous paragraph, I was not more than 30 days behind on my mortgage before the trial program. And if I would have been correctly informed I would have not done the program. And in all honesty US Bank is the reason for the late payments showing up on my credit report because they gave me false information and lied to me. They talk about caring for the customer and consumer but they don't, they just say and do anything they want. They need to take responsibility for their actions and remove all late payment notices from all of my credit report. All the calls are recorded and you can hear me clearly asking questions and voicing my concerns. But they continue to give false information. 

In addition, if you review my credit report their are inconsistences being reported. The following is being shown in regards to US Bank Mortgage. 

XXXX XXXX - 60 days late XXXX - 90 days late XXXX XXXX - 30 days late - THIS WAS SUPPOSED TO BE REMOVED, BUT WAS NEVER REMOVED XXXX - 60 days late XXXX - Paid on time- XXXX 90 days late XXXX XXXX - 30 days late - THIS WAS SUPPOSED TO BE REMOVED, BUT WAS NEVER REMOVED XXXX - 60 days late

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with non-monetary relief