Leesa926 Posted February 27 Share Posted February 27 My mid score is 686. I'm almost ready to apply for pre approval waiting until 3/17 as it will be 4 years post bankruptcy. I know I qualify now for FHA but waiting gives me more options (i.e. conventional) and since it's only 2 weeks away it's best to just wait My question is recently a collection popped up on my account (only negative other than bankruptcy) It's for $881 for a medical issue 3 years ago but started reporting in Dec. I disputed but they validated. They sent me a letter to settle for $500. My question is should I ask for a pay for delete? It's Asset care and heard they do. From what I see my score went down like 20 points when it was added so seems would be worth getting removed. Thoughts? Quote Link to post Share on other sites
cv91915 Posted February 28 Share Posted February 28 First of all, I always assume FHA loans are expensive subprime poison until shown otherwise, so I share your instinct on the very short wait to go the Conventional route, but it never hurts to compare (that's the "shown otherwise" part ). Assuming that getting the TL deleted gets you 20 points back, does that favorably impact your loan costs (rate and/or other terms)? Have you selected 3 or 4 mortgage companies to start pricing your loan options? Quote Link to post Share on other sites
cv91915 Posted February 28 Share Posted February 28 Double post. I responded here: https://creditboards.com/forums/index.php?/topic/624547-application-strategy/ Quote Link to post Share on other sites
CTSoxFan Posted February 28 Share Posted February 28 Before you go the PFD route with them, I would check out WhyChat's method for dealing with medical collections. https://whychat.me/GUIDEBOOK.html https://whychat.me/GUIDE HIPAA PROGRAM.html You can also visit our medical collections forum if you have questions on that as WhyChat is there frequently and they are great about helping folks. Worth a shot to try to save the funds for your down payment or closing costs if you can. Quote Link to post Share on other sites
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