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tOOT3r

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Can I be accepted by lenders (Car,CC,Etc) if they see an account in collections BUT is FULLY PAID?
I'll have an account that could be in collections but I am sure I can pay it off in time. Just wondering if that account in collections that is paid off would hinder me in getting any CC or Loans?

Thanks

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To tOOT3r

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Credit is just one of many things lenders look at. They also look at income, expenses, and how long you have been employed. So, bad credit does not always prevent a person from getting a car loan. Trust me. I filed bankruptcy twice in an 18 year period, and I have been able to get several car loans because I've been on my job a long time and I earn a decent income. They will charge you a ridiculous interest rate, though, if your credit is bad.  By ridiculous, I mean 25% APR and up.

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