I was amazed to see my FICO is 657. I thought for sure I'd be in the 500s. Back in 2008 I had all of my CCs go past due and the they were charged off - like 10 of them totalling $20K.
So 657 was really unexpected.
So, with a decent score (i'm hoping to raise it up a bit in the next few months) will I be approved for auto financing and other credit even though I have active collections and so many old delinquent accounts?
Starting Score: 657
Well.. I'm in a similar situation.
I expected my scores to be *much* lower then they actually are. I have 2 collections and a paid (was a collection) on the report, and 14 late payments on my student loan in 2007-2008.
My scores were in the mid 600's and I still got denied a mortgage, and a credit card. (Which motivated me to find this forum... some *great* advice here. 
)
Hey Robert, I appreciate all of the feedback on my posts.
My immediate plan is to pay off aboutmonth of the $20k this month. That will take care of two CAs currently suing me. I could use some feedback on how to best handle this...settlement, PFD, etc.
As for the rest of the accounts im not exactly sure how to prioritize and if I should do payment plans on what i can afford or what. Next Feb I will do another lump sum pay off based on what I can afford.
Thoughts?
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