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RNiam

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Debt in collections... Qualifying for a home loan
Score of 569, would paying off all of my debt in collections raise my score high enough to qualify for a FHA home loan?

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You better do some reading.

Paying collections usually has no great benefit to your credit unless you get a PAY FOR DELETE AGREEMENT

However, most mortgage lenders require that all collections be paid before they issue a loan. Most lenders use a version of FICO scores too, not the ones you get here. I think you should focus on rebuilding your credit and put the house off for a year or two. The first thing that you need to do is to read everything that you can about credit and about your situation. If you are serious about wanting to buy a house you will take the time to do a lot of reading. If you decide to go for it, during your research if you have any questions feel free to ask, but do some reading first.

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