I am attempting to get a home loan and I am only 23 points away from being approved. I only have a couple of old collections on my record but the last time I paid off several old collections it caused my score to go down almost 100 points and it took almost a year to get 1/2 the points back. My lender recommened paying the collections only if the collector agreed to delete them once they were paid but the collector indicated they are not allowed to remove things from your credit record. I do not mind paying these off if it will help my score but I can not risk my score dropping when I am so close. Also are there any tips to get my score up just a little?
Mar 182010