Credit Card Center Advertiser Disclosure†
03-30-2013 08:19 PM
03-30-2013 08:51 PM
I was told in this fourum that the mortgage will see all unpaid debt even if it falls of the report, they see everything, your best pick as I was advised is to pay them off if you want to get mortgage.
03-30-2013 08:53 PM
03-30-2013 08:54 PM
I've been poking around the forums for a while and I keep coming across stuff about how even though something falls of your CR doesn't mean a lender can't see it. I'm freaking out about this because the hubby and I really want to buy a house and we have busted out rear ends trying to pay stuff off and improve our scores. I know there is unpaid stuff that has fallen off our reports. We were huge fans of the ostrich method for quite a while. You know stick your head in the sand and ignore it till it goes away. I have no clue what could be lurking and now I'm paranoid that when we do go try to buy a house this stuff will come back to haunt us. What should I do?
I don't know how much of this is fact. I think if you are requesting a jumbo loan they can. I can't imagine someone really going back umpteen million years to dig into your past. The past 7 years is a very large snapshot of someones credibility. In fact, some lenders look past collections that are on your report if they are more than a few years old.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.