We've been working with these people since Jan 3rd to fix our credit. They've so far been able to completely remove 12 items from my husbands report and has raised his credit score over 60 pts in that time. We're trying to get an FHA loan but back in 2007 my husband was incarcerated and his truck was repo'd. According to the broker, this is the reason why we're unable to go any further with processing this loan, as well as it showing as a "dispute" on his CR. Something to do with any "dispute" automatically kicks it out of the system as a denial. The credit repair people we're working with suggested we try and settle the debt with the CA but only if they agree to send the letter of intent of deletion .. we'll it's with a company who absolutely refuses to do so. They've agreed to settle for 60% off the original amount, making it $4300 due to settle. My question is .. how badly will settleing this debt affect his credit score? We're told they can't help us if the score isn't a min of 640, right now the middle score is 690 ... if we pay this debt, is it possible his score will fall below the min requirements? Do I have any other options? I live in Kentucky, the SOL is 6 years, however the collection agency has a recent date of 2/2012 since they fixed the balance. The CA told me it was charged off as of 9/28/2007. Isn't the SOL based off of the last payment made, or no? Thanks for your help and advice on what I can do in order to get approved for a loan the quickest way possible!