Established Member
JasonL
Posts: 28
Registered: ‎10-03-2011
PRE-APPROVAL - Collections

Hello,

 

We have been pre-approved for a loan, but are being told that all collections will have to be paid before we close. This is fine since we have the funds to do this.

 

It's about $2500 on 7 different accounts... Cell Phone,Utilities, Store cards. All over (4) years old.

 

Do we start paying these now? Some of them are so old that it's hard to even track down the owner. We have been paying some in full, other we are offering lesser amounts.

 

Will paying them hurt the scores?

 

Any assitance apprecited.