I think it is up to the individual lender regarding whether or not you'll be required to pay the unpaid collections. I've heard this go both ways and generally, people say not to pay them unless your LO says you have to because, of course, it will keep more cash in your pocket if you don't pay them. Will you be using your employer bank for your FHA loan? You should probably just start out by asking the lender about their requirements regarding unpaid collections. The only risk is that you do not pay them, you later find out that you have to pay them to close and then you simply do not have enough money. IS there any way you can postpone buying a house a little in order to save a little more so you are confident that you can pay all of the unpaid collections AND have enough for the downpayment, closing, etc?
Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
July 2017 Current Scores: Approx 710 (waiting for official updates)
