Medical collections

If you have existing or prior history of medical collections that appear on your credit report, many of you are worried that banks will not approve your home loan application or require you to pay them off. That is not true. Most lenders do not require borrowers to pay off their medical collections, especially if you are applying for FHA Financing. However, lenders might ask you to write a detail explanation telling us why it happens and how it will not happen again.

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