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Charge-off's past SOL, going for a refi...


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I disagree.

Don't pay them if all they are going to report is settled.

Offer and take only "paid collection" or deletion.

Settled won't give you the score boost you want, and if your file ends up being manual underwritten, it looks bad.

If your loan officer is knowledgeable about credit, and if you qualify for a conforming loan, and if the collections are under 7 years, he may have to have you pay them off at closing. Don't pay them before closing under any circumstances.


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