Hi
I thought I was being pro-active by improving my credit 1 year before applying for a mortgate, now it has gone from 705 to 650 in all 3 credit agencies.
A collection item came on my credit report 2 months ago, i panicked and immediately paid this item off for a utility bill of $74. Now I see that my credit reports have this collection as paid but the score has dropped badly.
In my eagerness to sort this collection out I paid the bill and now see that I could have negotiated for the collection agency to not post any negative info against me.
My question is, after the fact, can I try to get this info removed and have my credit score back to good standing. The utility bill was for a previous address I lived at and the noitces were sent to this old address. I am gutted that such a small bill will potectially ruin my chances of getting a good mortgage rate - especially in this inflated housing market.
Can anyone help me to see what options I have. I have tried to contact the collection agencies so many times on the phone, but I am constantly transfered, have dropped calls or asked to leve a message which never get responded to. The collection agency is NCO financial.
Thanks in advancre