Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
Re: Trying to get a mortgage and my score went down!!!
[ Edited ]

I'm not up to date on SLs or how they report but comments like "paid for less than full", "settled", "assigned to government", "election of remedy", "paid charge-off", "paid collection", and others are a negative drain, aside from any lates reporting. Generally any 30 day late beyond 2 years isn't hurting. ETA...not saying these apply to you but worth a double look.