omg what should I do

lswcredit · ‎10-01-2013

Hey all I was recently approved for a mortgage and getting a house built with completion date of Dec 2013 . I received a letter a couple of days ago about a doctor bill that went to collections it hasn't hit my reports and I am gonna pay today . What is my best options to keep off my reports or will this ruin my chance of getting mortgage

DallasLoanGuy · ‎10-01-2013

credit forum can better answer this

Retired Lender

pdog661 · ‎10-01-2013

The only thing you can do is a Pay for Delete.

DO NOT PAY THE COLLECTION UNLESS YOU ARE SURE THEY WILL NOT REPORT!!!!

Get them to sign a pay for delete agreement, or do not pay.

Beasley12 · ‎10-01-2013

Arent they supposed to send you a letter so that you have 30 days to pay BEFORE they report it to the credit bureau?

EQ FICO 564 (3/12) Lender pull 673 (4/12) FICO 703 (6/13)
TU FICO 605 (6/12) to FICO 687 (3/13) Lender pull 680 (4/13)
EXP FICO lender pull (4/13) 651
Homeowner since September 2013!

frugalQ · ‎10-01-2013

If it hasn't hit your report yet, you just need to ask the CA if they report to the CBs. And, ask them to put it in writing that they will not report to the CB if you pay it.

pdog661 · ‎10-01-2013

I had another thought..... When you said that you were going to pay, I went to PFD.

Have you sent them a request for validation? (DV on here)?

Google debt verification letter to collection agencies, and send them a note. They are not allowed to list on your credit file if you have asked for verification of the debt.