Add a statement to your credit report of 150 words (more or less) explaining what happened.
Continue to request validation (get the creditor to validate how they obtained the fact that you were 30 days late).
File a lawsuit. Pull all your facts together including a copy of the wire from the title company and then see an attorney who specializes in FCRA (Fair Credit Reporting Act).
Worst case scenario, it will drop off with time. One 30 day late is not going to destroy your good credit history and as mama used to say, “you can outlive a lie.”
Last March we refinanced our home. We didn’t pay our March mortgage payment (yes, probably our first mistake). We closed towards the end of March, and the title company wired the funds to pay off our mortgage on the 29th. However, the mortgage company did not post the funds until 11:59pm on March 31st, causing us to be “30 days late”. The mortgage company then reported the late pay to the credit reporting agencies. I called them telling them that they had no right to report as 30 days late as they received the funds on the 29th. They responded that their records showed “no late reports”. Then in the same breath, they said I had to “prove” that they did in fact report as late. Well, I have been working diligently on getting this discrepancy corrected through the credit reporting agencies, but it has taken over three months. I just received an updated report from one agency that states “updated - new information” and shows the late pay reported by the mortgage company as “verified” 30 days past due.
Do I have any legal recourse on this? Are they “obligated” to post funds the same day, or can they “wait” 2-3 days before posting a wire transfer? I know that in some cases, if you were to deposit checks in your personal checking account, they would post it, but the funds may not be “available” for 2-3 days. Is this the case in paying off a mortgage? Even so, it should still reflect as a “payment”.