FHA Approve & New Collection..HELP!

[DeeWill]

I have already been approved for FHA Loan but now this...please tell me what to do, I do not think this is already on my report and if it isn't and they put it there it will drop my scores.   

I received a voicemail on yesterday at work from National Credit Adjusters. I called them back and they said they are trying to collect on a payday loan $370 from 2001.  I informed them that I did not have a payday loan, they said I did, quoted me the last 4 of my social and addresses that they had been mailing bills to.  They said it was reported on my credit report since 2007, so I asked them to send me something with the original debt. The lady got smart and said we sent you 11 letters and now we are just going to pursue it.  I sent them a cease and desist letter for them to stop calling me at work. But what can I send them to make them show me the original debt amount? Where it came from? Can they collect on a debt from 2001? I am not aware of what they are talking about and the woman hung up in my face.  What do I do!

[Anonymous]

What state do you live in?  Since that is 8 years ago more than likely it is WAY past the time to collect.

Do not speak to them again.

When you were approved did they mention this on your report?  If not the woman is lying and trying to get you to agree to pay.  The second you try and make payment arrangements or say you will pay it they can start reporting it again.

You should be fine.

[DeeWill]

Hi,

I am in Georgia now but this is for a payday loan from Louisiana which is where I lived in 2001.  I did not see it on my credit report from equifax, that I pulled today and it did not show up when the LO ran my credit.  My fear is that they are going to put it on there.  I haven't lived in LA in 5 years and how they got my work number is beyond me.  I have just worked so hard to get my credit scores up and now this.  My heart sank when I heard the voice on the message.  Can they put it on there now even though it's from 2001? She made it seem like it happened in 2001 but wasn't report until 2007, is that legal?

Thanks for the response!

[DallasLoanGuy]

cease and desist should keep it from going on the report if worded correctly.

[DallasLoanGuy]

and if you have been approved, then that credit report will still stand with most lenders.

ask your loan officer if they pull at closing.

your loan officer is on YOUR side

[Anonymous]

If they do put it on the report you can dispute it with the Credit Bureaus and have it removed.  It is too old to still report it.

More than likely she was trying to scare..... you which she did.

This is easier said then done, but I wouldn't worry about it.

Congrats on the approval!