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Company Loan Type APR Est. Pmt.

Collections and FHA loan

Posted on: 27th Aug, 2012 01:47 am
My credit report shows 2 collections on each credit report, both are paid (shows paid all 3 credit reports), but will not come off till 2014, I have been approved for a FHA loan. Will it create a problem for me?
Since you have already got the approval, I think it would not be a problem.
Posted on: 27th Aug, 2012 02:37 am
If both the collections are showed as paid, then you won't have to worry about your loan. The lender won't create an issue with the paid off accounts mentioned in your credit report.
Posted on: 27th Aug, 2012 03:36 am
Hello Toasty,

The only way to counter this guideline is by having a high credit score.

Posted on: 27th Aug, 2012 08:37 pm
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