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Loan Foreclosure 6 years after account close and reported 120 days in Puerto Rico

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I have a situation with a foreclosed mortgage account from a Puerto Rico local bank. This has been hurting my credit history since 2008.


I am not sure in the continental US, but the foreclosure in Puerto Rico requires a bank to file a law suit at a district court and celebrate a hearing and judgment. This cases traditionally last a long time. In my case,the bank file the foreclosure in 2009 but a judgement was reached in 2014. I have to mention that at the time the bank file for foreclosure, the bank accepted no further payment to allowed me bring the account current.


I just moved to the continental US after the struggles from the disaster of Hurricane Maria left me with no job. I moved to North Dakota, but when I tried to open a bank account or get a lease, my report shows that I foreclose in 2014. In other words, I will have this adverse credit line posted for 15 years!! ??


Can anyone advice me how to tackle this? Can I go to federal court in ND to claim a FCRC ? Puerto Rico is not a state but is a territory that has to abide to all federal laws and there is a local Federal Court judge there. But filling a case in the Puerto Rico federal district court will be a financially impossible matter to embrace considering that I am a resident in another state.


Also please, comment. The Puerto RIco bank official insist that he date reported is the judgement date. I find this very odd because the bank keep having delays requesting hearing date which is primary reasons why the case took so long.







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Dispute the account with all 3 credit bureaus.

According to the Fair Credit Reporting Act, the bank can only report this account for seven years after your original delinquency date. If your last payment was made in 2008, this account should not be reporting at all on your credit. You may need to file a complaint with the CFPB.

Good luck & let us know what happens.

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