Settle V. Paid in full

[Anonymous]

I have two outstanding debt both with the original creditors. I plan to purchase home in about year. Would debt settlement against my odds of getting VA loan. What about if the debt wasn’t even paid at all but I have 40% down payment toward home loan……….. is there even a difference in PAID in Full or Settle, do they even care?

Chase Auto Finance $4,000 Charge off 4yrs old……….I co-sign an auto loan for x-wife.

Defense Finance-DFAS--College scholarship…….$17,515

EX 610

TU 588

EQ 590

[JM-AM]

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@Anonymous wrote:

I have two outstanding debt both with the original creditors. I plan to purchase home in about year. Would debt settlement against my odds of getting VA loan. What about if the debt wasn’t even paid at all but I have 40% down payment toward home loan……….. is there even a difference in PAID in Full or Settle, do they even care?

Chase Auto Finance $4,000 Charge off 4yrs old……….I co-sign an auto loan for x-wife.

Defense Finance-DFAS--College scholarship…….$17,515

EX 610

TU 588

EQ 590

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More then likely they will want both these debts to be paid and or settled before you would qualify for home loan. This may be a better subject in the mortgage section of forum. Good Luck

[MarineVietVet]

Locking this thread to direct readers to the same post here: http://ficoforums.myfico.com/t5/Mortgage-Loans/Debt-settlement-VS-Paid-in-Full/td-p/859878.

Mortgage Loans is probably a better place for it anyway.