Bad debt and mortgage loans

Hi all,

I'm wondering if bad debt will effect a mortgage loan. It didn't seem to matter with my fha loan that I didn't end up going through with. Now I'm getting flagged as I'm applying for a conventional loan. I have a credit card with 5k in bad debt status for 2017. I have a very good savings, good credit, and no other debt or credit cards. Will this continue to be an issue and will I just have to pay it off?

submitted by /u/Jbk1414
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source https://www.reddit.com/r/RealEstate/comments/jkmf9l/bad_debt_and_mortgage_loans/