buying a home

[down @ out]

Hello Everyone,


My bankruptcy was discharged about 3 years ago and I have worked very hard to pay my bills and keep my credit report clean.

Just yesterday I applied for a home loan and it doesn`t appear to be too big of a problem to get something.

I am just wondering if a phantom debt or two will now appear on my credit report.

I have heard that somehow creditors know when you apply for a home loan and will sometimes put a discharged debt back on your credit report in hopes of messing up the purchase.

Guess they figure you will pay the debt just to get the house.

Thoughts?


Thanks,

Down @ Out

[HHM]

Care to share where you heard that?

[BKParalegal]

There isn't some secret squirrel society that utilizes telepathy to find out when you are thinking of buying a house and then send credit gremlins to sprinkle bad debt dust on your credit report. What does happen is a creditor will sell your discharged debt and some boiler room collection company will slap a collection account on your credit report to try to squeeze some coin out of an old debt.

[down @ out]