Oh wow!  I am really worried now.  I recently had a construction loan approved and it closed March 14, for 188,000.  Its an interest only one year loan. My middle score is 688 and I recently found out that a medical bill has been turned over to a collection agency and its for 5,000 and its 4 years old and its not reported as of yet but the ca said they were going to report.  I am stressed.  I have to start permanant financing about the time my drywall goes up and I have no idea how this is going to impact my score and what is going to happen.  I am going to pay it off but the damage is already done.  Can I recover in time before my balloon payment of 188,000 or am I going to lose it all? Help!