Idealy, I would like to offer a PFD for these wo charge-offs so they were gone completely, however I do not see either of the places agreeing to that unless I pay the entire debt in full (which I can't afford at the moment.) The two charge offs read as follow:
1: CAP1/BSTBY: Opened 11/08 - Last Active 06/11 - Reported 08/12
High Limit 1,900 - HIgh Balance 3,802 - Revolve (R9) Charge
Reported as a (Profit & Loss) with a Balance of 3,802 (bought a TV from best buy for 1800 dollars and had this paid down around a 1000 and now the balance is this after having financial difficulties and not being able to continue to pay.)
Account closed by credit grantor 08/11; canceled by credit grantor.
2: HSBC/SUZUKI: Opened 10/05 - Last Active 02/11 - Reported 12/11
High Balance 6,011 - High Limit 3,605 - Revolve (R9) Charge
Reported as a (Pofit & Loss) with Balance of 2,331
Account closed by credit grantor 01/10; canceled by credit grantor.
This HSBC/SUZUKI is also being reported by a collection agency as follows:
3: LHR INC: Opened 07/12 - Last Active 09/12 - Reported 09/12
High Balance 2,332 - High Limit Unknown
Has HSBC listed as OC and says under the "payment" box Collection, with a balance of 2,449
My questions are first, how should I handle the HSBC and LHR account (which is the same). Should I be dealing with the OC or the Collection agency since they are both still reporting on my FICO credit report? Also, I'm guessing neither of these 2 charge-offs places will do a PFD because I cant offer the full dbt payment in return at this time. If I settled (which is what my mortgage loan guy told me to do so I could get my loan approved) how much of a settlement off should I do for each charge-off? Any suggestions or help would be of great help. Thanks!!
Current FICO Scores - TU 645, EX 632, EQ 617
