revanthony5
New Member
revanthony5
Posts: 10
Registered: ‎12-22-2012
Re: Didn't disclose an installment agreement - is this a problem?

‎12-28-2012 05:29 PM

Yes, I feel much better, thank you!

(401 Views)
 
Valued Contributor
StartingOver10
Posts: 1,522
Registered: ‎03-06-2010
Re: Didn't disclose an installment agreement - is this a problem?

‎12-29-2012 04:54 AM

:smileyvery-happy: Me too!

(372 Views)
 
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Lel
Posts: 5,262
Registered: ‎03-18-2008
Re: Didn't disclose an installment agreement - is this a problem?

‎12-30-2012 11:00 PM

You did the right thing.  Good luck with the rest of your homebuying process.

(331 Views)
 
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webhopper
Posts: 6,793
Registered: ‎09-16-2011
Re: Didn't disclose an installment agreement - is this a problem?

‎12-31-2012 06:59 AM

revanthony5 wrote:

Thank you everyone for your comments and suggestions.  I informed the lender of my additional debt and they said I was still ok with my debt to ratios and my application still is in good shape. Thank GOD!

Congrats!  You did the right thing and now I hope everything continues to go smoothly!

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MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
Re: Didn't disclose an installment agreement - is this a problem?

‎12-31-2012 09:51 AM

I think you are fine. I also pay $100 a month for 2006 taxes. It will be paid off at tax time next year. I wouldn't worry about it if it isn't on your credit report. My broker told me it would be a problem if it was on my credit report. He said if it was, the lender would want it paid. I wouldn't be concerned.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
(297 Views)
 
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012
Re: Didn't disclose an installment agreement - is this a problem?

‎12-31-2012 09:52 AM

Just saw your last post. Good for you!
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
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