Paid collections with USDA loans

ryan06 · ‎01-14-2013

I currently have 4 items showing unpaid on my credit report. 3 of them reported over a year ago and the last one of them was a $77 medical bill that reported about 4 months ago. If I pay these and they show as paid will they prevent me from getting a USDA loan?

EQ 705 (FICO) TU 720 (FICO) EX 719

jordanmedical · ‎01-15-2013

You should try to do a PFD. Paying a collection can bring it forward and actually hurt you.

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ryan06 · ‎01-15-2013

Does that mean pay for delete? I have heard I should only pay the ones that are recent. Is that correct and what is the age that I should not pay? And is it hard to get a collector to agree to delete in return for payment, and should I attempt to settle for delete or offer to pay full amount for delete?

EQ 705 (FICO) TU 720 (FICO) EX 719