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  1. I had a business from 2012 that I shut down. I've been diligently paying off the debts associated with the business -- credit cards in the buiness name that I PG'd. These do NOT report to my personal credit report. But there was a period in 2012 when the business was having difficulty that I was late a couple times, since resolved but here's my question: Since these do not show up on my personal CR, do i need to report them when applying for a mortgage? I'd prefer not to since the remaining balance owed is about $15k. I'm still paying it down, but would really like to buy a house this year, as early as this summer. I'm just concerned that these will affect my DTI. Not asking anyone to suggest I commit fraud by not reporting, just curious how they would know about them since they are under a business name that I no longer operate? And will the lates on those affect my rates? I have $20k for a down payment (FHA loan, 3.5% down). Should I just pay off the debt first with that then start over again saving for the down payment? Our combined income is $150k, debts are: $600 car notes (2 cars) $100 student loan $500 personal debt payments (credit cards, not including business) $500 month business credit card payments (paying more than the minimum) Lowest FICO score 670 but will probably increase since spouse just paid off all their credit cards (and his other two are in 700s) Any advice/suggestions greatly appreciated.

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