Regular Contributor
scorerise
Posts: 150
Registered: ‎05-26-2009
Re: Paying charge offs or not

DallasLoanGuy wrote:

If you are over 620, paying this does not help you.

FHA doesn't require collections/chargeoffs be paid. Most lenders do not require them paid either.

 


 

I paid mine not just to qualify. I owed those debts andI wanted peace of mind that I wouldn't get phone calls from new CAs or the hassle of disputing CAs that show up on CRs after 7 years. For me it was worth it.