Can you have an account in collections and get home equity loan

[Kellen Bradford]

I have a 680 score and 1 account in collections for $500... Could I get an equity loan or does that collection need to be removed or paid off ?

[Pat L.]

Originally posted by @Bill Gulley:

 OTH, medical collections are common and practically ignored by lenders, but they will require a release of lien or for it to be paid off. Good luck :)

 another reason we send even the smallest unpaid debt to collections !!!!!