cap1kid Posted February 2, 2009 Report Share Posted February 2, 2009 I have a Chase charge off that keeps updating every time I dispute it. The amount due is $3000+ the original amount was around $900. The account had been delinquent for 4.5 years and is beyond SOL. I have enough other credit that its not damaging too much on my utilization- the problem I have is that in the next month I hope to apply for a FHA mortgage. What should I do about this account? I can't pay the full $3000 and still have down payment money- Will they accept and offer and show a zero balance. It went to a collection agency once- about 2 years ago- I DV'd them ( the collection agency) and it never showed up on my credit reports, and they didn't sue- they left me alone. Anyone had luck with CRAP1? Link to comment Share on other sites More sharing options...
Ahntara Posted February 2, 2009 Report Share Posted February 2, 2009 "...hope to apply for an FHA mortgage..."Have you spoken with your mortgage broker/banker about this yet? If not, that's the first step. If the account must be paid for you to get the loan, this can be arranged at closing. In the meantime, stop disputing and allow the TL to age. That will mitigate the damage to your score. Link to comment Share on other sites More sharing options...
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