My plan is to purchase a home or get the process started toward the end of next year when my lease is coming to an end. A collection just popped on my report and I paid it. I'm working on a GW for it, but my question is since it shows as a zero balance will that impact FHA or USDA approval chances?
By the time I'm ready to apply my last late payment on anything will be 8 months old and I just have one other medical collection that I plan to PFD soon. I also have two CO at a zero blance that will fall off in 2014, but have a letter from both companies for those.