Paying OLD collections

[Jesedmotherof5]

I know that they dont raise your score.... but if you are going to try to buy a house dont they make you pay them anyway? I am thinking of getting a house in 2010 and a few wont fall off untill 2012 and 2013 for hubby so I just Dv'd them and am waiting, If they reposond I do a PFD right? If they dont respond I send the other letter saying deleted. Do I send this to the CRAs too? The dealine is approcuhing and I want to have all my letters ready for CMMR.

Thanks Jessica

[Anonymous]

It depends.  Please specify exactly how old the collections are, how much they are, what type of collection they are, and in what state.  Thanks

[Anonymous]

Mortgage lender look back 36 months...at the most...FHA loans are 12-24 months...so I think you'll be okay in 2010....and they don't make you pay collection unless they are fairly new...but it might look better if you pay them...even better if you PFD them...

[Jesedmotherof5]

Mostly medical stuff from 2004-2005... contractor with five kids no medical insurance honey was bound to cut a finger a hand and baby was bound to have an er visit or two.... i know I should ave paid it but well at the time biz was real slow!

[Anonymous]

How much are they?  It may be pretty easy to get a PFD...especially if they out of statue. 

[Jesedmotherof5]

OSI- 1369.00

CBSJ- 1194.00

NCO- 433.00

USBC- 780.00

Sent a PFD to NCO (50 %) they said NO thanks

Dv the rest on 4/2/08 didnt send CMMR so Im going to do the second mailing monday CMMR. no one has C & D or even updated on report.

[Anonymous]

I don't think mortgage companies worry about medical collections AT ALL...I was told that before by Countrywide...and a realtor...as long as it's not for any credit items...