Is It A Good Thing Or A Bad Thing To Pay-Off Collections Before Applying For A Mortgage
You decided to buy a house. Congratulations. Now comes the hard part: Qualifying for a mortgage. If you are like an average American citizen, your credit history is less than perfect. You decided to pull your credit report and saw that you have several accounts at collections. And as any reasonable person thinks, you said “If I pay them off, my credit rating will increase”.