I am in the middle of trying to buy a house - our offer has been accepted, we've completed the inspection and appraisal, and signed all documents for the mortgage loan about 2 weeks ago. We didn't have any conditions and was told we could close next week (hopefully!) .. a debt collector sent me an email on 1-24, literally hours after signing papers with our lender, basically a DV letter via email. I haven't had ANY contact with this agency prior to the email. I called the next day, confirmed the debt wouldn't be added to my credit report if I paid, and paid the account in full per the settlement they offered me on 1-25. Nothing is showing on my credit report which I am very thankful for thus far, will anything show since I paid it before it was reported and they stated they wouldn't? Also the debt collector has a policy that states no debt will be reported if paid or closed within 90 days of acquiring the debt and I have also confirmed I am still within 90 days. I've just been reallllly worried something will pop up so close to closing, my anxiety is through the roof 
@brd2008 wrote:I am in the middle of trying to buy a house - our offer has been accepted, we've completed the inspection and appraisal, and signed all documents for the mortgage loan about 2 weeks ago. We didn't have any conditions and was told we could close next week (hopefully!) .. a debt collector sent me an email on 1-24, literally hours after signing papers with our lender, basically a DV letter via email. I haven't had ANY contact with this agency prior to the email. I called the next day, confirmed the debt wouldn't be added to my credit report if I paid, and paid the account in full per the settlement they offered me on 1-25. Nothing is showing on my credit report which I am very thankful for thus far, will anything show since I paid it before it was reported and they stated they wouldn't? Also the debt collector has a policy that states no debt will be reported if paid or closed within 90 days of acquiring the debt and I have also confirmed I am still within 90 days. I've just been reallllly worried something will pop up so close to closing, my anxiety is through the roof
CAs are notorious for popping up during the home buying process, as all of the CRAs sell "Collection triggers" which alert creditors / CAs when certain events occur on your credit file, such as a mortgage inquiry.
The good news here is that it sounds like it's not going to pop up on your reports or impact your FICO scores, so I think that you'll be okay to proceed with the home buying process.
@brd2008 wrote: DogLikesBestI am in the middle of trying to buy a house - our offer has been accepted, we've completed the inspection and appraisal, and signed all documents for the mortgage loan about 2 weeks ago. We didn't have any conditions and was told we could close next week (hopefully!) .. a debt collector sent me an email on 1-24, literally hours after signing papers with our lender, basically a DV letter via email. I haven't had ANY contact with this agency prior to the email. I called the next day, confirmed the debt wouldn't be added to my credit report if I paid, and paid the account in full per the settlement they offered me on 1-25. Nothing is showing on my credit report which I am very thankful for thus far, will anything show since I paid it before it was reported and they stated they wouldn't? Also the debt collector has a policy that states no debt will be reported if paid or closed within 90 days of acquiring the debt and I have also confirmed I am still within 90 days. I've just been reallllly worried something will pop up so close to closing, my anxiety is through the roof
Hi,
Based on the information you provided, it seems unlikely that the collections account will show up on your credit report or impact your loan approval. If you paid the account in full before it was reported to the credit bureaus and the debt collector confirmed that they would not report it, then you have a strong case to dispute it if it ever appears on your report. Additionally, if the debt collector has a policy of not reporting debts that are paid or closed within 90 days of acquiring them, and you are still within that time frame, then you have another reason to expect that the account will not be reported.
However, there is no guarantee that the debt collector will honor their word or policy, or that there might not be a mistake or delay in the reporting process. Therefore, it is important that you monitor your credit reports closely and check for any changes or errors. You can get a free credit report every week from each of the three major credit bureaus by using AnnualCreditReport.com. You can also check your free credit report and score at NerdWallet as often as you like.
If you notice that the collections account has been added to your credit report, you should act quickly and dispute it with the credit bureaus and the debt collector. You can use the dispute form on each credit bureau’s website or send them a letter with the evidence of your payment and the debt collector’s confirmation. You can find sample dispute letters on the Federal Trade Commission’s website. You should also contact your lender and explain the situation and provide them with the proof of your payment and the debt collector’s confirmation. This might help you avoid any delays or complications with your loan approval.
I hope this helps you feel more confident and less anxious about your credit situation.
Best Regards
@brd2008 wrote:I am in the middle of trying to buy a house - our offer has been accepted, we've completed the inspection and appraisal, and signed all documents for the mortgage loan about 2 weeks ago. We didn't have any conditions and was told we could close next week (hopefully!) .. a debt collector sent me an email on 1-24, literally hours after signing papers with our lender, basically a DV letter via email. I haven't had ANY contact with this agency prior to the email. I called the next day, confirmed the debt wouldn't be added to my credit report if I paid, and paid the account in full per the settlement they offered me on 1-25. Nothing is showing on my credit report which I am very thankful for thus far, will anything show since I paid it before it was reported and they stated they wouldn't? Also the debt collector has a policy that states no debt will be reported if paid or closed within 90 days of acquiring the debt and I have also confirmed I am still within 90 days. I've just been reallllly worried something will pop up so close to closing, my anxiety is through the roof
Nowhere did you say that this was a valid debt and you were aware of it. Was it? I don't think debt collectors send emails. I really hope you were not scammed.
