GC Service just popped up on my credit report and I'm in the middle of getting a mortgage. I called and paid Dish Network tonight and they stated that they would recall the account from the collection agency which would in turn delete the account. I'm praying this happens. I have an email saying they account is paid. . They told me the collection agency would have to remove as the debt is no longer old and was not SOLD to them....This tanked my score by 58 POINTS..... It only hit one credit report so I instead of MID over 640 it would be about 620...... I can pay down two CC balances to 0% UTI (they are both nearly maxed about 95% UTI and one is slightly overlimit) I'm hoping that will keep my MID at a 640 even with this drop....
Will this kill the deal if I can't get it removed from my credit report????
Doing USDA Guranateed
KEEP THAT LETTER!!! A collection popping up during the process can certainly be a deal killer. But have a letter from the OC saying the debt is paid and the account is being recalled can save it. Paying down your accounts will help your score. Don't pay them off completely. Let one account report a balance of <9% of it's credit limit. Do that and get the collection removed you'll be north of 680. Just doing the payments on the cards should easily get you 20 points to get back over 640. North of 90% UT is a score KILLER.
It could. I am in contact with the USDA in both FL and NH and have been pre qualified in both places. I think you cannot have any NEW collection account within a year. I was told in FL by their rep they CAN do a sub 40 guranteed loan, but no lates within a year, no collections within either 24 or 36 months.
Save the letter, that might be enough in the UW process. I'd just call the CA every day and politely BEG for removal. Fax the letter you have, etc. Be a polite but firm pest 
Thankfully, they have both been removed from my credit report now I'm working on two little dispute comments. Spell Check
@Tpelc23 wrote:GC Service just popped up on my credit report and I'm in the middle of getting a mortgage. I called and paid Dish Network tonight and they stated that they would recall the account from the collection agency which would in turn delete the account. I'm praying this happens. I have an email saying they account is paid. . They told me the collection agency would have to remove as the debt is no longer old and was not SOLD to them....This tanked my score by 58 POINTS..... It only hit one credit report so I instead of MID over 640 it would be about 620...... I can pay down two CC balances to 0% UTI (they are both nearly maxed about 95% UTI and one is slightly overlimit) I'm hoping that will keep my MID at a 640 even with this drop....
Will this kill the deal if I can't get it removed from my credit report????
Doing USDA Guranateed
Your deal is not dead, print out that email and give it to your LO... are you under contract on a house? your loan officer will be able to do a Rapid Rescore with that letter in hand.
Duh, just read your most recent post... congrats on getting this taken care of !!
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
I'm sorry, but with all the stress that comes with home buying, I really had to laugh when I noticed your thread title says "pooped"!! I've been running around since 4am (start of my shift at work) today from work to errands to the bank to social security, back around from one end of town to the other in 90 degree heat and seeing that just made me giggle
