been here a short time and GW'd my way to a much better score! CR is soooooo much cleaner since the reported FICO in my siggy; waiting until next month to refresh official FICO scores -- $40 for those!!!
i just need to fix the result of ignoring collection calls (and my credit in general) for years with the goal of buying a house in early 2014 via VA loan but with a down payment.
i am getting a 9K bonus next month and have another 2K that i can throw at my debt. i have no CC debt and just have a car note, rent, and SL payment. any advice on how to attack these last remaining baddies would be greatly appreciated: what order/prioritization, etc.
I make a decent salary and can comfortably do 1K a month to continue paying these down.
thanks in advance!
4 Citibank private student loans totalling 45K (govt loans rehabbed) due to drop off January 2017
(I'm sure I'll have to beg for a repayment plan for this one)
Macys due to drop off May 2017, no CA yet
$715
BMW Financial balance of repo due to drop off March 2017, no CA yet
$9,865
SL direct from the university due to fall off June 2015, no CA (yet!!)
$7,948 with $2,806 past due
DSNB Macys Visa due to drop off May 2015, no CA on my CR
$3,436 but got an offer from CA for 50%
(Think they'll PFD if I accept? I actually want to work directly with DSNB)
EAS CA (originally for Chase CC who also reports on my CR) due to drop off October 2014
$2,122
Starting Score: EQ FICO 588 EX FICO 587 TU FICO 588
i live in california which has 4 years SOL for written contracts. however, except for the BMW, all accounts were opened in new york (SOL 6 years).
so it looks like i should lowball DSNB and EAS to delete or settle then GW.
macy's is low so i'll just PIF for PFD.
pay BMW in full for PFD or GW after?
i'll post this in the SL section because i wonder if, because the loan was directly from the university, it still falls into the "they can hunt you down forever" category...
had no idea these were govt loans and totally rehab-able. love this forum!
http://ficoforums.myfico.com/t5/Student-Loans/SL-direct-from-school/td-p/1489132
have a plan but please send any advice or comments you have. if all goes well i may be able to buy a house before 2014...
4 Citibank private student loans totalling 45K (govt loans rehabbed) due to drop off January 2017
will call to set up payment arrangement -- crossing fingers that they will work with me and not sue
Macys due to drop off May 2017 (reviewed CR; drop-off date is actually 2015), no CA yet $715
out of SOL so sending letter to PFD for 50%. offer 100% to PFD if initial offer is rejected
BMW Financial balance of repo due to drop off March 2017, no CA yet $9,865
out of SOL next year. will call once my bonus is in my bank account to PFD. otherwise settle then GW
SL direct from the university due to fall off June 2015, no CA (yet!!) $7,948 with $2,806 past due
calling school to rehab, but very tempted to just pay past due amount and restart payments to start the "OK" monthly status reports immediately! feel like this will get me in a house sooner.
forum posts say perkins loans never PFD
DSNB Macys Visa due to drop off May 2015, no CA on my CR $3,436 but got an offer from CA for 50%
out of SOL so sending letter directly to DSNB to PFD for 50%. if denied, try to settle for 50% then GW; i want to pay off repo
EAS CA (originally for Chase CC who also reports on my CR) due to drop off October 2014
$2,122
out of SOL as of last year so sending letter to PFD for 50%. if denied, try to settle for 50% then GW; i want to pay off repo
send email to Chase CEO once paid. there are a number of posts from people who have had GW success with Chase after paying collection
EAS is off all three CRs without a peep from them!
i offered 50% PFD last month but it looks like they didn't even want to bother.
5 more to go...