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Will paying off collection increase my chances of being approved for a home loan
My husband and I are ready to start the process for buying a new home. Our children are becoming school age and we went to be in a better school district. I have collection accounts that are on my credit report. Should I pay off the balances on those collection accounts before we apply for a mortgage? From what I have been reading paying the collection account could open back up those accounts and keep them on my credit report longer. Is this correct?

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