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$89 collection popped up from May 2014

New Contributor

$89 collection popped up from May 2014

How bad will this be for FHA? I will try to pay for delete. Just worried!
Message 1 of 4
3 REPLIES
Super Contributor

Re: $89 collection popped up from May 2014

Is this your only negative - or have there been periods of late payments and/or collections, etc. in the past?


What is the collection for?

Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 2 of 4
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New Contributor

Re: $89 collection popped up from May 2014

My credit has been clean for the last 4 years. I have a ton of bad debts falling off from now through March 2015. This looks like a final bill from cox cable that was missed. Since it's less than $100 I think i should be ok. (Thanks for replying) 


ShanetheMortgageMan wrote:

Is this your only negative - or have there been periods of late payments and/or collections, etc. in the past?


What is the collection for?


 

Message 3 of 4
Super Contributor

Re: $89 collection popped up from May 2014

Yeah if you've had 4 years of clean credit and this is the only negative going back that far, it will likely be OK.  Those unreturned equipment fees can be a pain, even if the equipment is actually returned I've heard of people still being billed for it.

Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 4 of 4