Take out loan to close out accounts reporting CO monthly?

[RopeIsGettingShorter]

I have a couple accounts that I owe on that are still reporting CO monthly. Total is about $2500 but I don't have that on hand atm. Would it be beneficial to take out a loan to get them taken care of so they stop reporting? They are supposed to fall off next year as the DoFD for each are 11/17. What kind of effect(s) would this have on my scores? 

Thank you in advance to anyone who responds

[FireMedic1]

If its going to fall in Nov. You can ask TU in May for EE. EX in August and let EQ do it on their own. No need to take out a loan so close to the DoFD running out of time. Then no new account hits to your scores will happen.

[RopeIsGettingShorter]

I've been debating this for a couple weeks, unsure if it would be a good idea. A year+ waiting for them to fall off seems like an eternity lol

[FireMedic1]

I was off a year. But at least your not waiting 10 yrs for a BK to fall off. You can look at consolidation loans. But interest isnt that much lower with the economy. Theres Best Egg and Lending Tree that preapprove. Once paid no more updating. Then loans dont hit a report as bad as a new revolver. Do some shopping.

[RopeIsGettingShorter]

I've been looking around at some and Best Egg has always been around 35%. There's a regional lender that is in the low 20s that would be my best option right now. I was on Experian last night seeing what lenders would pop up and there was one I never heard of with a 98.5% interest rate LOL

[FireMedic1]

Wow 35%? Why take a loan? Higher than a CC.Thats nuts. Whats that other one. Prosper? maybe check CK?

[RopeIsGettingShorter]

Yes Prosper! That was it. I've never seen 98.50% interest rate before lol. I have higher rates because my credit is garbage and by credit is garbage because of these 2 CO accounts still reporting (among some lates from 2017-2019). The more regional lender has low-mid 20s for their rates when going through CK. What I'm trying to figure out is how would taking the loan affect trying to go for a USDA loan in a few months.