We are getting ready to meet with a Mortgage Broker, and while gathering personal information I realized something I hadn't noticed before.
I have a rather sizable student loan that I had trouble paying when I was younger. After I finally found a job that paid well, I finally managed to work it out with the original loan holder to make monthly payments for the rest of the life of the loan. These payments cover the full amount of the loan along with any fees and interest.
The trouble is the loan is listed as in collections on the account. However this loan does not report to ANY of the 3 major credit bureaus. I've been regularly paying this loan for the past 3 years. Is something like this an automatic dealbreaker or something a lender may work around/with?
