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USDA Direct loan

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MaryJane197
Regular Contributor

USDA Direct loan

So I'm rebuilding my credit and hoping to get a mortgage. My question is I still have 1k in student loans to pay off. It got sent to collections. I was paying on them and then one day the collection agency I was dealing with said this is your last payment we don't have your loan anymore. I thought I was done. But turns out I still have 1k in loans outstanding. They offered me a deal to settle for 800. But if I pay them off will that hurt my chances for getting a USDA Direct loan? I read online that you can't have any federal debt paid off within last 12 month's.
07/14/20:-TransUnion: 528 / Equifax: 521, / Experian: 666
Filed BK 01/24/2020
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