mogul411 Posted December 14, 2004 Report Share Posted December 14, 2004 Are these deal breakers only if they are on your middle report, or is it gonna kill ya if they are on any report?ex, there is an unpaid CO on my lowest scoring report.......Am I gonna have to pay that one? Link to comment Share on other sites More sharing options...
firstsource Posted December 14, 2004 Report Share Posted December 14, 2004 It depends on your lender, if they are a problem. For most sub-prime lenders, any Collection accounts/charge offs, that are over 24 months, don't have to be paid. It does not matter, to answer your question, which bureau it/they show up on, if they show up, they have to be paid.Charles Link to comment Share on other sites More sharing options...
Erika Posted December 14, 2004 Report Share Posted December 14, 2004 Piggybacking off the original post....I have been unsuccessful in removing a chargeoff from my husband's report. We got a pre-approval letter from our lender and one of the stipulations was that chargeoff had to be paid.Can I bring certified funds to closing to pay that charge off? Or does it have to be paid with proof of receipt of payment at closing?Thank you.Erika Link to comment Share on other sites More sharing options...
firstsource Posted December 14, 2004 Report Share Posted December 14, 2004 The best way is to bring the funds to closing with you. The lenders like it to be done that way, and you don't have to worry about the receipts/proof of payment. Charles Link to comment Share on other sites More sharing options...
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