Arynne06

Timeline is next 2-4 months. Scores 720-730 are from the regular models (FICO). I purchased the mortgage model score from Experian and it was 717.

Timeline is next 2-4 months. Scores 720-730 are from the regular models (FICO). I purchased the mortgage model score from Experian and it was 717.

Getting my things in order so I can apply for a mortgage in NC. Credit is 720-730 I have a defaulted student loan (govt). It fell off of my credit report years ago, but since it’s federal, I know it won’t go away. I was offered a settlement amount and am able to pay it, but I want to see how that will affect my credit and/or mortgage apps once I apply (next month or so). It’s not showing on my credit now (it’s like 15 years old). Once I pay, will it show and drop my scores? Should I pay it before applying for the mortgage?