Ok here goes... I am planning on buying a home (hopefully) in about 10 months from now.
Most of my baddies are all medical collections from the same CA. Based on the advice of a family member who is also a real estate agent, I have recently entered into a payment plan with the CA, with the collections to be deleted as soon as they are paid. No problem, I can live with this.
The problem is a CO from a repo that occurred in 2007. I feel safe to say that this will have to be paid before I am able to move forward. And I also want it resolved just for my own peace of mind. The problem is the OC of this debt has not reported it since 2007. I understand that offering a settlement and asking that the tradeline be deleted would be the best thing to do, however I don't have the money right now for that to be a possibility. Would asking for a monthly payment plan on this debt until I am able to pay a lump sum be a bad thing to do? Would they start reporting it monthly? And would it cause my score to drop?
I know some ppl will say leave it alone and lets sleeping dogs lie but I've been beating this dog with a stick for the last three months and have gotten nowhere. I'm really starting to think they don't even want their money!
