About A Year Away From Mortgage Loan
Date: Wed, 01/19/2011 - 19:06
When you apply for a loan, the lender will check your credit rep
When you apply for a loan, the lender will check your credit report and will want you to pay off the accounts which are in collections. You should check out whether or not the SOL has passed on these accounts. If not, then you can negotiate with the collection agencies and pay off the dues. Once the accounts are paid off, it will have a positive impact on your credit score and they will increase which will help you in getting a mortgage.