I have a credit score of 640 and have paid all my bills on time for 4 years. Can I get a home loan?

I am also getting married and my fiance has excellent credit. However, there is a negative on my report from a discover card that was never paid from 5-6 years ago. I was told not to pay this or the reporting will start over from the new date. Should I pay this will it increase my credit score? We want to buy a... show more I am also getting married and my fiance has excellent credit. However, there is a negative on my report from a discover card that was never paid from 5-6 years ago. I was told not to pay this or the reporting will start over from the new date. Should I pay this will it increase my credit score? We want to buy a house next year.
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