The Debt Dilemma: Navigating Old Collections on the Road to Homeownership

By Bruce McClary, NFCC Updated June 22, 2026 (Originally published October 2016) For millions of Americans, the dream of homeownership is a milestone that represents both personal achievement and long-term financial stability. However, the path to obtaining a mortgage is rarely a straight line. Between saving for a significant down payment, budgeting for closing costs,…

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