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Will it kill the deal?

Posted on: 18th Apr, 2012 08:17 pm
Well, I am in middle of my mortgage process and now suddenly out of the blue, GC Service popped up on my credit report. I called the OC and made the payments and they promised me that they would withdraw the account from collections and it will remove the item from my credit report. I'm praying this happens. I have an email saying they account is paid. This has already lowered my score by 58 POINTS..... Will this kill the deal if I can't get it removed from my credit report???? Doing USDA loan.
Hi KerryPyne,

If the account is immediately removed from your credit report, then I don't think it will pose any problem for you or kill the deal. However, in case the account is not removed from your credit report, then you can show that mail to the lender which will prove that the account is paid off.
Posted on: 18th Apr, 2012 09:24 pm
Hi KerryPyne!

Welcome to forums!

I agree with Adonis that if the account is removed from your credit report, then it won't create any problem for you and your loan application. You should check out your credit report in order to find out whether or not the account has been removed from your credit report.

Feel free to ask if you've further queries.

Sussane
Posted on: 19th Apr, 2012 08:09 pm
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