Will Collections Impact Your Mortgage? Collections accounts are reported on your credit bureau when you have a debt that hasn’t been paid as agreed. Now, regardless of the reason for the collection; the collection is a result of delinquency, it’s an account you didn’t realize was in collections, or even if it’s a choice not to pay something because of moral reasons, all open collections will negatively impact your ability to secure new mortgage financing.
If you have any questions about collections or anything else mortgage-related, please connect anytime! It would be a pleasure to work with you!
https://www.dianebuchanan.ca/
