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Updated over 9 years ago on . Most recent reply

Kellen Bradford's profile image
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Kellen Bradford
  • from Casa Grande, Arizona
  • Member since Jul 7, 2015
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Kellen Bradford's profile image
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Kellen Bradford
  • from Casa Grande, Arizona
  • Member since Jul 7, 2015
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Kellen Bradford
  • Casa Grande, AZ
1
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General Real Estate Investing

Can you have an account in collections and get home equity loan

Kellen Bradford
  • Casa Grande, AZ
Posted

I have a 680 score and 1 account in collections for $500... Could I get an equity loan or does that collection need to be removed or paid off ?

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Pat L.'s profile image
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Pat L.
  • Rental Property Investor
  • from Upstate, NY
  • Member since Dec 27, 2012
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Pat L.'s profile image
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Pat L.
  • Rental Property Investor
  • from Upstate, NY
  • Member since Dec 27, 2012
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Pat L.
  • Rental Property Investor
  • Upstate, NY
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Pat L.
  • Rental Property Investor
  • Upstate, NY
Replied
Originally posted by @Bill Gulley:

 OTH, medical collections are common and practically ignored by lenders, but they will require a release of lien or for it to be paid off. Good luck :)

 another reason we send even the smallest unpaid debt to collections !!!!!

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