VA Loans and charge-offs

[Anonymous]

How can I tell on my report (purchased here at MyFico) which are charge-offs.......?  I had one or two a few years back.  But I can't remember for sure who it was with.   Everything I see on my report is showing closed except for the current CCs I have .

I am wondering the impact on a possible VA Loan........if a VA Loan is even possible. 

Also, can I roll two mortgages into one (conventional to VA)?  Does anyone know............?

Thanks.

[DallasLoanGuy]

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@Anonymous wrote:

How can I tell on my report (purchased here at MyFico) which are charge-offs.......?  I had one or two a few years back.  But I can't remember for sure who it was with.   Everything I see on my report is showing closed except for the current CCs I have .

I am wondering the impact on a possible VA Loan........if a VA Loan is even possible.  collections being paid are underwriter discretion. most dont ask for them to be paid especially when approved thru automated underwriting

Also, can I roll two mortgages into one (conventional to VA)?  Does anyone know............?  so you have 2 loans on one property? both were purchase money loans? those can be refinanced into va, yes

Thanks.

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[Anonymous]

sorry, new to this, how do I post a new question in this forum?
well I guess I just did...okay so my actual question is I applied for VA Loan but due to chargeoffs and low score, I don't qualify. I was advised to try to negotiate a settlement with the cl2 accounts charged off see if they will take less and remove from my credit in homes VA will accept. Is there a specific way to increase my chances when I talk to Collections agencies, maybe a verbage I should use besides, I'm sorry please take my money so I can buy the house my wife loves

[VALoanMaster]

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@Anonymous wrote:
sorry, new to this, how do I post a new question in this forum?
well I guess I just did...okay so my actual question is I applied for VA Loan but due to chargeoffs and low score, I don't qualify. I was advised to try to negotiate a settlement with the cl2 accounts charged off see if they will take less and remove from my credit in homes VA will accept. Is there a specific way to increase my chances when I talk to Collections agencies, maybe a verbage I should use besides, I'm sorry please take my money so I can buy the house my wife loves

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Hi Dakico,

If you are dealing with the original creditor on the charge offs you really just need them to settle the account & update it to show paid. In most cases the original creditor is happy to get something on a charge off so it's really not difficult. If you're dealing with collections and trying to get them deleted that's a totally different story. Instead of trying to settle the collections you want to give the collection agency  an incentive to delete the account by offering them the full amount.

[Anonymous]

wow thanks...hmmm...well let me ask you this, if original creditor ( santander) sold to Deville Asset Mgmt which shows on credit report has sold it to P&B, can I still try to contact Santander, or do I ask Seville to help me? When I called Deville they said they assigned to P&B but if they wouldn't answer they Deville could help me get better deal. P&B said they could possible delete or change it and have it Santander show charge off as paid...upon a settlement being reached. Just want to make sure whatever I do yields best possible results