topic Re: DFAS collection in Mortgage Loans

DFAS collection

mjf9730 — Tue, 12 Feb 2013 18:58:53 GMT

I've been reading related threads and haven't quite seen the answers I'm looking for so I figured id start a new thread.

Im in the process of applying for a VA loan, but I have a DFAS account on my experian report that show as a CO account, but its still with the OC (DFAS). I disputed the other CRA's due to SOL and got it removed, but Eperian has a different reporting date. Has anyone had any luck paying these type of collections and getting them removed from their reports? Im also looking to get a tax return this year which I'm sure they're going to collect for the debt. Will this re-age the account. It's set to fall off about a year from now, and I'm looking to buy my house within the next 4 months. The lender I'm working with seems to think that if I have a government debt, I wont be able to get a VA or FHA loan. Any Thoughts?

Re: DFAS collection

Anonymous — Tue, 12 Feb 2013 19:31:40 GMT

If you owe government money you will not qualify. You can be on a payment plan which will make you qualifiable.

Re: DFAS collection

MzKoli — Tue, 12 Feb 2013 23:21:27 GMT

Regardless if its on your report or not if you owe Uncle Sam any government backed loan is a no go. As JM says if your in a repayment plan its different not sure how long you have to be in the plan though I think at least 6 months ...

Re: DFAS collection

Anonymous — Tue, 12 Feb 2013 23:25:21 GMT

Some say 6 months, some say a year. Personally I have seen them approved with first payment and proof of payment plan.

Re: DFAS collection

mjf9730 — Wed, 13 Feb 2013 01:49:42 GMT

I can pay it off right now. Just not sure how it would affect my scores. Im not sure what the specific qualifications are. Ive tried to call DFAS several tims, but cant get anyone on the phone. It's the only thing holding me up on my loan right now.

Re: DFAS collection

Anonymous — Wed, 13 Feb 2013 15:02:47 GMT

From their website; I would start but making the calls to the numbers listed for FEDDEBT, find out who it is listed with and find out what their policies are. You will have additional fees I believe on top of what is owed in your statements. I am not sure if you have recourse but to pay them since it was Federal Debt.

We report to commercial credit bureaus when an account becomes delinquent. Accounts with no payments within 30 days of the initial debt notice are considered delinquent for payment purposes. We will report a delinquent account to the credit bureau if we do not receive a payment within 62 days of the date of the initial debt notification letter. We attempt to notify you using your last known mailing address. All delinquent accounts are reported as a "collection account" on the consumer credit report. The debt will remain as a collection account while on the credit bureau report; however, any subsequent payment activity is reported to the credit bureaus on a monthly basis. If you believe the information reported by the credit bureau is incorrect, contact the credit bureau.

Delinquent account information is reported to the following credit bureaus:

Equifax 800-685-1111 Experian 888-397-3742

Trans Union 800-888-4213 Innovis 800-540-2505

If you contact us once you pay your debt in full, we will ask the credit bureau to delete the debt from your credit file, which can take up to 90 days.

FedDebt will refer delinquent debts to private collection agencies for collection assistance. The private collection agencies that provide collection assistance to the DFAS and other federal agencies are:

AGENCY	TELEPHONE
FedDebt	888-826-3127
CBE Group	888-895-4766
ConServe	866-547-0501
Diversified Collection Services	888-310-2006
Linebarger, Googgan, Blair & Sampson, LLP	877-815-8501
Pioneer Credit Recovery	877-907-1820
Progressive Financial Services	866-484-0204

Only those accounts that become delinquent are referred to the collection agencies through FedDebt. If you have any questions, please contact FedDebt at 888-826-3127.

Accounts may be referred up to two times. Once an account has been referred to a collection agency, you must contact the collection agency directly to discuss all aspects of your account, including payment arrangements.

Re: DFAS collection

Anonymous — Fri, 13 Sep 2013 21:58:23 GMT

after it reaches the CA can DFAS change its classifcation into a revoling credit till its paid off to enable a VA loan