If you’re looking to buy or refinance a home, something you may want to do is make sure there are no erroneous bills floating around with your name on them.
The Wall Street Journal revealed how two $11 doctor bills prohibited Jeanne White from refinancing her Colleyville, Texas home. When she contacted the Doctor’s office that the bills were from, she found out that they were issued in error. But because these bills had been turned over to collections, they had cause Ms. White’s credit score to fall, making it too expensive to refinance her home.
The Executive Director of Supreme Lending in Plano, Texas, Rodney Anderson, says medical debt is the single largest issue those wanting to refinance run into. Relatively small medical debts could “later end up on their credit report”, he said.
While Jeanne White’s incident is not isolated, The Wall Street Journal does provide possible solutions and ideas on how to keep this from happening to you. You can find these here.
