Hi Everyone,
I am newbie to the forums (just registered today), but have been coming here religiously for several months to gain as much knowledge as possible while trying to put together a plan to repair my credit.. It is great to see so many people working together, helping one another and all working towards a common goal. Hopefully some day in the near future, when my adventure through this mess is over, I can help those that are in the same position I am in now with the experience I will have gained.
After losing my job 12/2012 and a death in the family shortly after, my credit has become a total mess. I am looking for some guidance/suggestions on the best way to tackle all of my derogatory trade lines. I’ve read a lot about DV, MOV’s & PFD’s letters, but I’ve seen a few conflicting viewpoints so I’m not sure which is the best way to approach it, especially since it is still pretty recent (roughly 12-18 months old) & it is all my debt. My hope is to do whatever I can with help from anyone here to either pay, dispute, validate or whatever I need to do in order to hopefully get some sort of a resolution and (hopefully) get them deleted.. If paying them off is the best course of action then I am open to that, but wanted to seek out advice on the best way to handle this before I send out any letters or make any payment arrangements. Do I start with DV, then pay them off if they are validated?
I also have a few Charge-Offs from credit cards that I couldn’t afford to pay on unfortunately…
The usual suspects First Premier, Merrick, Credit One, First National & Orchard. Will get to these after the collections.
The small silver lining in all this (gotta stay positive!) is I was able to salvage both of my Capital One cards and am current on them. I am in the process of paying them completely off, but I have those two cards as well as a lot good older history (Cars, Mortgages, CC’s etc) so I am confident when I take care of these collections/charge offs, I should hopefully see a decent boost. I am at a 526 (TU Score) now so I figure there is nowhere to go but up!
I figured I would tackle the collections first and then go after the charge offs, but wasn’t sure if there is a method to that either..
Is it better to do one before the other? All at once?
So sorry for the novel... Any advice or suggestions would be greatly appreciated!
Here is the info on my collections…
1. Credit Control Corp (OC Cox Communications)
Date opened 3/29/13 last reported 4/29/13 Amount $114**
2. Credit Control Corp (OC Cox Communications)
Date opened 3/29/13 Last reported 4/29/13 Amount $483**
3. Credit Control Corp (OC Cox Communications)
Date opened 3/29/13 Last reported 4/29/13 Amount $531
# 1 & 2 are for equipment that I will be returning this weekend.
I will make sure to get a receipt or something in writing that shows all the equipment was returned. # 3 is for the service.
4. Cach LLC (OC HSBC)
Date opened 8/15/13 Last reported 5/15/14 Amount $438
5. Portfolio Recovery (OC HSBC)
Date opened 7/18/13 Last reported6/5/2014 Amount $452
6. Midland Funding (OC T-Mobile)
Date opened 6/21/12 Last reported 5/19/14 Amount $111
7. I C System (OC San Diego Gas & Electric)
Date opened 2/11/14 Last reported 4/20/14 Amount $354 May try to call SDG&E to see if I can pay them directly...
8. Fin Credit Network (OC Southern Cal Gas)
Date opened 7/15/13 Last reported 8/27/13 Amount $110 May try to call The Gas Company to see if I can pay them directly..
Thank you in advance to anyone for any help, guidance, suggestions and reading my novel..
I really appreciate anyone’s feedback.
Thank you!
