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When looking into buying a house should you pay off 5 year old collections even though it would bring down your credit score?
Wiki User
∙ 19y ago
No. Lenders usually only look at the past 12 to 24 months delinquent acounts. If the lender requires you to pay certain accounts, do so only when they specify which one and when. If you have any more questions or need help with this dont hesitate to contact me.
Wiki User
∙ 19y ago
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When should you use a credit card?
when buying something..
If you had unpaid bills that went to collections can you pull them out of collections by paying?
Yes, once you paid them, then you would no longer be in collections. Your credit report should update to reflect that it was either paid, or settled.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
What is a good credit score range if i'm looking to purchase a house?
Credit score will affect your interest rate when buying a home. If you have between 800-700 your score is high and therefore you should be able to receive a great interest rate. If you are lower than 700 but higher then 500, you should be approved too but the interest rate will be higher.
If Enriched Flour is bad for you then What should one be looking for when buying flour?
you should look for "whole grain flour"
Do I need to pay for a credit repair guide?
No, you should not have to pay for a credit repair guide. If a company insists on you buying one, I would have second thoughts of using them.
What should you pay off first a credit card or a collections debt?
Your credit card because once you pay it off, the collection agency would quit annoying you all the time. They would be satisfied because they will get a part of the money you pay to your credit card. :)
What should I know before buying merchandise bags?
You should know the quantity you are looking for and the sizes you are looking to purchase. They can be bought wholesale so you can find really good prices.
How can you negotiate on your car loan with bad credit and no money?
If you have bad credit and no money you should not be looking at a loan. Get your life straightened out first. Cars are not required, good credit is.
What should I know about buying a used car?
When looking at purchasing a used car I would suggest doing a search on the cars history.www.hintsandthings.com/garage/buyingacar.htm this site tells you what you should be looking for.
How do you pay for stuff in Europe if your from Canada?
If you're buying online and paying by credit card, your credit company will convert to euros for you. the amount charged to you on your statement should show as Canadian dollar.
Is there a listing of item I should be looking for when buying a used car?
http://jalopnik.com/5053169/seven-item-checklist-for-buying-a-used-car has an excellent checklist for buying a used car. You should be sure to make sure it has the features, price, and lifespan you're looking for. Be sure it's in good working order, not a piece of junk that will fall apart on him.
