Ok, I have a credit score of 650. House is land contract owe 270K worth 310K last week. Self Employe

I am self employed ... pay taxes. I claim 150K for the last four years. Have one collection from a repo from 5 years ago but tons of good credit for the last 4 years. Mortgage guy is saying that I will have to pay off the collection before he will be able to finance me... is this right? I dont want to pay it because when I had this vehicle, they agreed to make a payment arrangement... it was the year I started working for myself and money was tight. I paid as agreed over the phone (not in writing) and they came and took the car. I tried to fight it but if you are late (over 30 days) they can take the car for broken agreement. I was so mad, they have the car... I don%26#039;t want to pay this. Do I really have to with

650 credit score.

Been in this house for 2 years bought it for 285K now worth 310K (last week appraisal)

Self Employed four years 150K a year with taxes paid

No new bad credit (over four years)

We are working this as a refi on a land contract

Ok, I have a credit score of 650. House is land contract owe 270K worth 310K last week. Self Employed?

Getting mad and Not settling accounts means you are dangerous to make a loan to .

Conversations ( not in writing ) count for Nothing .

If you want more loans , lenders are only accepting clean credit reports now .

Either clear up the old issue or hold off on new loans for 3 more years .

The bad report stays on record for 7 years from the date of the last payment transaction .

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