cancel
Showing results for 
Search instead for 
Did you mean: 

Paid collections with USDA loans

Established Member

Paid collections with USDA loans

I currently have 4 items showing unpaid on my credit report.  3 of them reported over a year ago and the last one of them was a $77 medical bill that reported about 4 months ago.  If I pay these and they show as paid will they prevent me from getting a USDA loan?

EQ 705 (FICO) TU 720 (FICO) EX 719
Message 1 of 3
2 REPLIES
Highlighted
Established Contributor

Re: Paid collections with USDA loans

You should try to do a PFD. Paying a collection can bring it forward and actually hurt you.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Message 2 of 3
Established Member

Re: Paid collections with USDA loans

Does that mean pay for delete? I have heard I should only pay the ones that are recent. Is that correct and what is the age that I should not pay? And is it hard to get a collector to agree to delete in return for payment, and should I attempt to settle for delete or offer to pay full amount for delete?
EQ 705 (FICO) TU 720 (FICO) EX 719
Message 3 of 3