It is critical when fixing errors in credit reports to first contact your loan officer and ask that a report be run calculating which items would result in the most improvement to your credit score if they were fixed. Do not pay off or attempt to fix anything before discussing the strategy with the loan officer and credit specialist, as paying for things like old collection accounts or contesting old accounts can actually reduce your fico score in the short run, jeopardizing your loan approval and potentially increasing your costs and monthly mortgage payments for your new program. Fix only the items specified in the strategy developed by the credit specialist and discussed with your loan officer, and your scores will increase, you will qualify for the program, and enjoy lower payments.

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