I have a 703 credit score. I have one negative item-collection account that will be removed July 2011, but I would like to go ahead in June 2011and apply for an USDA guaranteed loan. Would they require me to make payment arrangements to be approved
I have a 703 credit score. I have one negative item-collection account that will be removed July 2011, but I would like to apply for an USDA guaranteed loan in June. Would they require me to make payment arrangements with this collection account to be approved by etheleberry7 from Los Angeles, California. Jun 14th 2011
Gregorio Denny (GVDenny)
#257 ranked lender in California - 380 contributions
I would make sure you speak with a licensed California loan officer before you do anything regarding the collection account. You don't want to start paying anything on collections until you know what the effect will be or until someone gives you the OK to do so. You could end up damaging your score by doing so.
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