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Babecakes88

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Applying for a manufactured home loan
Should I pay off my derogatory marks before applying for a manufactured home loan? I only have 2 marks totaling under 1500$

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Top Contributor
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Try to get a "pay for delete agreement" if at all possible. Do some reading on that.

You are in between a rock and a hard place. Not paying these debts may disqualify you for the loan, that depends on the lender though. If you pay them and they are not removed, they will update and if they have not updated in a while, it will cause your scores to drop. I would put off applying for a loan and get your credit together, read all that you can and work hard to rebuild your credit and in a year from now, then think about the loan. Start reading now, there is a lot to learn.

Top Contributor
7370 Contributions
3810 People Helped

Pay them off now and wait 7 years for the negatives to drop off your credit report or read the articles on this site and learn to negotiate a 'pay for delete' agreement with the creditors and you might be able to buy that moblie home sooner.

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