Credit Card Center Advertiser Disclosure

New Contributor
Posts: 61
Registered: ‎02-21-2008
0 Kudos

Advice on accounts

I pulled my boyfriend's report from Equifax today. He has 4 charge offs:


Capital One $4915 DOFD 10/09

Discover $6431 DOFD 6/09

Sun Trust $18,541 DOFD 3/10 HELOC

Truliant $6216 DOFD 5/10 (repo'd car)


They are all still showing a balance and there doesn't seem to be any CA activity. The SOL on CC debt is 3 years. Interesting enough, his Length of history is 2005 years, 4 months lol. Anyway, I'm thinking we should approach Cap1 and Discover about a repayment plan before they get sold and collections show up. Currently he has one collection with a cable company. We have paid that balance to reinstate the service so I'm hoping we will be able to get that removed. Is that a sound plan? I'm at a loss for the HELOC and the repo. Aside from the accounts above, he has 9 other accounts with a flawless history of payment. No current, revolving debt. Any direction would be appreciated.



Moderator Emeritus
Posts: 14,122
Registered: ‎04-15-2011
0 Kudos

Re: Advice on accounts

I'd go ahead and see if he can pay Cap1 and Discover.  You can be assured there will be a CA coming after those.  The other 2 are pretty big too.  He's gonna have to do something about those, I can see a judgment coming in his future for those large amounts.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.