Profile picture for Peak0327

FHA advice

I currently have a 650 FICO, 8years at same company.  I have 2 collections on my credit that have been in dispute for over 2 years.  I have been turned down for an FHA loan last year due to these collections and not having an open credit line (closed credit accounts 3 years ago).  The open credit line is not a problem but is it worth it to just try to work a payment plan on collections rather than continue the dispute?  One collection is from a credit card that was supposed to be paid off  at $2500 under a consolidation loan and is now $9000.  The other is small bill that doesnt belong to me for $400.
  • January 31 2012 - Port Saint Lucie
  • 1
    1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

Profile picture for KKSka14
If it's truly a false derogatory then get a professional involved--either an attorney or a credit specialist in an attorney's office. Eating $9,000 isn't worth it to get a house if you are truly in the right. Don't fight the battle alone.
  • January 31 2012
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Hello Peak,

Take a look at the previous thread.

Thanks,
Candace
Zillow Customer Support
  • January 31 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.