Bilt's Wells Fargo exit: collections notices, 60-point drops. Verify your credit now.
Bilt's transition from Wells Fargo to Cardless triggered erroneous collection notices for some older accounts issued by Evolve Bank. Cardholders report 60-point credit score drops and accounts sent to Tate & Kirlin Associates despite zero balances. Bilt says it is working with the collection agency and that incorrect credit reporting will be removed within 2-5 business days, but the damage to mortgage approvals is already done for some.
the play
Check your credit reports for Bilt-related inaccuracies and dispute any erroneous collections immediately.
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This drop was reframed from a real reader question asked around the web. Written with the assistance of a language model in the voice of Vanessa Bloome.