Need to Improve by May 2013. On my way, but need some help pls!

[brooksbaby35]

Hello myFICO comrades.  Heeeelp! Need 650, but GOAL is 700, by May 2013 when I begin home buying process. Currently have mortgage but I am looking for home because FAA will be buying my property next year (yeah eminent domain  so they will buy my house and I got to look for another.  Which means obtain another mortgage.  Please myfico friends help me. I started my road to recovery in June 2012. Here is what my report looks like: 1 mortgage w/SETERUS, INC, on-time for two years but was behind back in 2009/2010 due to company shutdown so 2009/2010 shows 8 late payments total and loan modification. After reviewing these forums, I realized I needed credit cards to help rebuild so I got 3 cards since June 2012: Applied Bank Secured $200 CLI, bal $1, CAP One (searssolutions MasterCard) $400 CLI, bal ZERO, First Premier $200, bal ZERO. Saw huge improvement in score, almost 40 points!!, once I obtained cards and paid balances off before statement date. THIS REALLY WORKS!! No public records. But I have collections. 1 reposession Credit Acceptnce $5714, DoFD 2/2008. National Finance-$325 collection since 2010, Santander $6387 loan in collections. This Santader one is a stupid loan I got with ex in 2002 the freakin dates keep changing on this one. It should have dropped off two years ago. This one will not go away and I don’t know how to handle this one. So how should I handle these collection accounts? Should I ask mortgage company to delete old 30 day payments or can I do such a thing? I greatly appreciate your help/suggestions. 

Starting Score: EX=508 EQ=483 TU=507 ON 2/8/2012
Current Score 10/8/12: EX=542 EQ=530 TU=564. CURRENT 11/28/12 EQ-595, EX-632, TR-592
Goal Score: 700 across the board

[TrishN]

Mortgage still paid as agree , send them a goodwill.Santander ,call 3 credit report agency dispute, tell them is over 7 years, dispute for FDOD, national finance send pay for delete to get agreement delete trade line out of your credit report.credit acceptance send them offer 40% to get agreement delete it out your credit report. If you don't have that much money, then send them offer 40% plus payment plant to delete it out your credit report after it paid off.if they don't accept delete then ask them to update paid in full ,when you send these letter remember acknowment that account to make sure they don't reset SOL and keep all copies. When you deal with CA you have to acknowment that account.

[brooksbaby35]

Thanks for info. Hate to sound like dummy but what do you mean by acknowledgment the account?

[TrishN]

Never tell CA that is your account. When they ask some thing never give out too much information, just tell them you don't remember when you open it. Keep it in your mind don't tell them . They may try to reset SOL , when they have prof that 100% your account. They may bring an action to you, ( they may sue you to cover a debt) when the debt is out of SOL( state of limitation) they can sue you but they will lose . You can use SOL expired to defend in court. Do not tell them that your account, do not accept to pay, that is acknowledgment.

[brooksbaby35]

Aaaaah got it! Thanks so much.