Hi everyone,
I have been reading these boards for months and am ready to try to improve my horrible (high 500’s) scores. I have a lot of baddies of all sorts mostly from 2005-2006 when I lost my job. I recently got a raise and a bonus and would like to deal with as much as possible. Here is my situation – please advise how to spend about $5,000.
I have two large collection accounts that I have payment plans with. I owe about $2,000 on each. The original creditor and the collection agency reports on both.
I have one credit card that has been closed but not sent to collections. I am paying monthly. Chase – I owe $800
I have three credit cards that were closed and then paid off – up to 120 days late. I did not know about PFD’s before I paid them.
I have 4 open collections:
Capitol One - $2593
NCO - $104
Argonaut Liquor - $67
Receivable Performance - $259(Sprint assigned)
I have 3 accounts with lates that I still use, still open:
Sears
Dell – account balance 0
CSECU – car loan
After reading these boards, I sent the 3 open accounts GW letters. I assume I should do PFD’s for the 4 open collections as well as Chase. All are still within the SOL so do I DV them 1st? The larger collections – should I DV, then PFD?
Any help would be greatly appreciated. I’d like to buy a house within the year and have been working on cleaning up my credit for a year already with little results. You guys are an inspiration!
