advice on FHA credit explanations please?I am currently awaiting approval on my FHA loan, and I am writing a few explanations regarding past student loan derogatories that occurred back in 06/07. At that time, I admit that I was immature and irresponsible with my credit. After receiving collection calls and letters, I began to work on them and they are all paid, but I still have to explain them and FHA says they have to be reasonable explanations. I have a 715 median score, the appraisal came back higher than the purchase price, my income is good, and I have no lates on anything in 2.5 years. Any advice on how to explain these since they weren't due to a job loss or medical bills, they were because I was careless with my credit at that time? Any advice is greatly appreciated....October 23 2012 - New York00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe 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.