Don' t know where to start. PLEASE HELP

[Anonymous]

Hi guys, I am ready to face my problems and fix my credit score! I went through a bad divorce, loosing my job.... etc.  My credit  score about 2 years ago was somewhere in the 700 and know on karma.com is showing a 490 score.

I don't know where to start! I am most definitely wanted to pay all my debt, which is most likely all due credit cards ($4800). Can someone please tell me where to start, in regard to seeking a settlement, writing goodwill letters or pif? Do I start with the smallest owed balance on my report?  I certainly can't pay all of the creditors at one time. What is the most effective way to get my score back up?

Here is my report>

TU

Balance $345 - Charged off as bad debt. Date opened 12/2007  Closed 09/2010

Balance $585 - Charged off as bad debt. Date opened  04/2008  Closed 02/2010

Balance $349-  Charged off as bad debt. Date opened  04/2008  Closed 06/2010

Balance $792   Charged off as bad debt.  Date opened  11/2007 closed 06/2010 date paid 02/2010 pay status 120 days past due showing up twice on my report with atlantic credit - account type - open account, collections

Balance $ 104 Charged off as bad debt. Date opened 07/2008 closed 10/2010

Balance $1821 Charged off as bad debt. date opened 09/2006 closed 11/2010

Balance $259 > 120 days past due

Balance $306   charged off as bad debt. date opened 12/2008 closed 05/2010

Where and how should I start please help! 

Thank you

[DI]

Have you pulled all three of your credit reports from annualcreditreport.com?  You are entitled to a free report each year.  Once you retrieve all three of your reports, you want to look for errors and anything you think shouldn't be in your credit reports. 

Check to see if charge off accounts that may be reporting are older than the 7.5 years its allowed to report.  If you have balances on charge off accounts, you may want to negotiate a pay for delete by writing each collection agency or creditor. 

[Anonymous]

Yes, I did. They showing pretty much they same. None, of those are 7 years or older.

[llecs]

Welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.

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@Anonymous wrote:

Balance $345 - Charged off as bad debt. Date opened 12/2007  Closed 09/2010

Balance $585 - Charged off as bad debt. Date opened  04/2008  Closed 02/2010

Balance $349-  Charged off as bad debt. Date opened  04/2008  Closed 06/2010

Balance $792   Charged off as bad debt.  Date opened  11/2007 closed 06/2010 date paid 02/2010 pay status 120 days past due showing up twice on my report with atlantic credit - account type - open account, collections

Balance $ 104 Charged off as bad debt. Date opened 07/2008 closed 10/2010

Balance $1821 Charged off as bad debt. date opened 09/2006 closed 11/2010

Balance $259 > 120 days past due

Balance $306   charged off as bad debt. date opened 12/2008 closed 05/2010

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What type of debts are these?

Are they all OCs?

What's the DOFD on each?