There are many reasons why a score could be low. You just mentioned one of them. Lenders don't care about medical collections. But they do care about repossessions, foreclosures, bankruptcies, judgments and recent charge offs. Your credit is low because of negative items so in order to improve it you have to add positive ones, and it does not mean necessarily paying off old accounts. Give me a call or send me an email and I'll send you a report that I recently wrote called "Establishing or Restoring Credit" where I tell you about the secured credit card and many other things you can do. Sometimes you can do things that would increase your scores immediately and sometimes you might be able to buy in 6-12 months.
Florida Mortgage Coach
â€œWe Coach You Through the Mortgage Processâ€