Скачать или смотреть Should You Pay Off Old Collections Before Buying a Home? (Credit Tip You Need to Hear!)

Hey y’all — let’s talk about one of the biggest credit mistakes I see all the time. You’re trying to “clean up” your credit before buying a home, so you pay off those old collections from 2021… thinking you’re doing the right thing.

But here’s the truth — paying off old collections can actually hurt your credit score if they’re too old, because it reactivates the account and restarts the clock.

I’ve seen people lose 100 points overnight because of this. So before you pay off anything, talk to a lender who can run simulations and show you exactly what’ll happen to your score.

If you’re thinking about buying a home soon, please reach out before you make any big credit moves — it can save you thousands and a lot of heartache.

00:00 – Intro: “Hey there, quick credit tip for today…”
00:10 – Common mistake I see all the time
00:21 – The story: paying off old collections after a divorce
00:37 – Why paying old collections can backfire
01:03 – Real client story: a 100-point credit score drop
01:15 – What triggers the drop (last activity reset)
01:24 – What to do instead: run a credit simulation
01:35 – Final advice: talk to your lender before paying anything
01:45 – Closing: Reach out to Benchmark Mortgage for help

Stephanie Medlock | Mortgage Strategist & Branch Manager NMLS #245660
Ark-La-Tex Financial Services, LLC/NMLS ID# 2143

Welcome to the Home Loan Hub with Stephanie Medlock | First-Time Buyer & VA Expert your trusted resource for everything mortgages — from pre-approval to closing and beyond! Stephanie Medlock brings over 20 years of mortgage expertise helping clients in South Carolina and across the Southeast buy with clarity and confidence.

🎯 Specialties: First-Time Buyers, Veterans (VA Loans), 55+ Clients, Divorce Situations
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