Saturday, November 18, 2017

Will I still be approved for a mortgage if I previously had a bill go to collections? (Canada)?

Hi everyone,
So I'm planning on buying a house in 6-8 months. I did previously have a power bill go to collections, but I DID pay it off… But it obviously still shows that it was there on my credit report. My credit score is 720, so it's not bad. Also, all my credit cards are paid off. Do you think this past collections will affect me getting approved for a mortgage?

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