Hi all,
I am not sure if I should post this here or in rebuilding. I am preparing to purchase a home and spoke to a lender that gave me a "game plan" to get my credit/score ready. I completed all requested tasks which included:
1. Paying off 3 credit cards that were in collections. The collections were showing a CL and balance so I am assuming this was to improve utilization
2. Bank charge off from overdraft.
3. Collection for returned check
4. Remove dispute comments from medical collections.
In the meantime, I received a call from a CA regarding a valid debt and was considering going on a payment plan to prevent the collection being reported. I am of course afraid to do this because I will have no guarantee that they will not report. Has anyone faced this issue?
I found a house this weekend that I placed a home site deposit on and will likely go for a real pre approval this week. Any advice on how to handle this would be greatly appreciated. I love this house and don't want to make the wrong move and blow my chances of getting it :-(
