Overwelmed, need assistance!

[Poorfico24]

I am really feeling overwelmed. The more I read, the more I get confused. My credit is so bad I can't even rent an apartment or get a secured credit card. I am hoping that someone could provide me some guidance on what to do! Please?! I am desperate. I know most of the debt is mine,although some of it was done by a family member using my information without permission, so if I know its mine is it even worth DVing? What would you suggest I do to improve my score? I am really scared to do anything because 1/2 of my credit is withing SOL (california), and I really don't want to get sued!

Asset Acceptance LLC

Original Creditor: Pacific Bell

Date opened: 3/05

Type: Installment/collection ß -not sure why this is considered an installment?

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $88

Recent balance: $105

Status details: acct is schedule to continue on record til Apr 2010

Continental Credit Ctr

Original Creditor: Woodstocks

Date opened: 4-05

Type: Collection

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $26

Recent balance: $51

Status details: acct is schedule to continue on record til Jan 2012

Credit Management LP

Original Creditor: Comcast

Date opened: 11-05

Type: Collection

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $264

Recent balance: $264

Status details: acct is schedule to continue on record til Sept 2011

Pacific Gas and Electric

Original Creditor: Same

Date opened: 5-05

Type: Utility collection, charge off

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $518

Recent balance: $518

Status details: acct is schedule to continue on record til Feb 2013

RJM Acq LLC

Original Creditor: Washington Mutual

Date opened: 9-07

Type: Installment ß ?????

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $612

Recent balance: $612

Status details: acct is schedule to continue on record til June 2011

Stassinos Law Office

Original Creditor: Pizza Guys

Date opened: 4-05

Type: Collection, returned check

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $125

Recent balance: $125

Status details: acct is schedule to continue on record til Oct 2011

US Dept of Ed

Original Creditor: Same

Date opened: 8-02

Type: installment

Terms: 120 month

Monthly payment: $0

Credit limit/Original amt: $11,121

Recent balance: $11,121

Status details: positive, a few 180+ days late

These creditors are on Transunion and Equfax:

California State University

Original Creditor: Same

Date opened: 8-02

Type: installement

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $7153

Recent balance: $7153

Status details: positive a few lates

CBA Collection Bureau

Original Creditor: At&t

Date opened: 8-08

Type: Collection

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $160

Recent balance: $160

Status details: acct is schedule to continue on record til Jan 2015

Statewide Collections

Original Creditor: All the Best Video

Date opened: 12-06

Type: Collection

Terms: 1 month

Monthly payment: $0

Credit limit/Original amt: $277

Recent balance: $341

Status details: acct is schedule to continue on record til Jan 2013

T, EX, EQ

TOTAL ACCOUNTS: 7 8  7  

  OPEN ACCOUNTS: 5 1 4 

  CLOSED ACCOUNTS: 2 7 3

DELINQUENT: 0 0 1

DEROGATORY: 6 7 4

  BALANCES: 19530 12638 18892 

  PAYMENTS: 123 0 123

PUBLIC RECORDS: 0 0 0 

  INQUIRIES (2 years): 6 8 7

Message Edited by Poorfico24 on 02-09-2009 01:56 PM

[llecs]

I'd suggest reading What Steps Do I Take - great for learning the repair process.

First, pull each report directly from the CRAs, rather than from a third party like you have below. You'll see differences on how things report. Moreover these reports have more info like drop off dates on EX and TU, more account history, better dates, better contact info, soft inquiries, etc. You can pull each for free via annualcreditreport.com.

Like you mentioned, SOL is key. Don't touch anything or send any letters to any one account unless you have the $$$ to PIF or SOL has expired for that baddie.

Again, ignore items like "installment". If you were to pull your report you'd see that it is reporting as a collection. On very rare instances, a CA might goof and report as an installment, which would actually help more than hurt.

Send a DV. If verified, then PFD the following if you have the $$$ or SOL expires:

Asset Acceptance, Continental, Credit Mgmt, RJM (they accept PFDs), CBA, & Statewide 

Send a PFD if you have the $$$ to PIF or SOL expires:

Pacific Gas & Electric, the law office, Us Dept of Ed (if a CO, otherwise GW)

Send a GW to CSU for the lates if paid (or paying) and current now.

[Poorfico24]

Thank you Llecs for your advice. I was wondering if a PFD and DV letter is wise to combine? Do you have to send a DV then wait, then send a PFD? Or can you make a letter thats says you will pfd if they accept your offer and if not then you would like the to validate the matter? I can PIF all my collections but I would prefer for them to be deleted

[llecs]

Never combine a DV with a PFD. A DV challenges their right to collect and also challenges their record keeping.

DV, then wait for a written response from them. They'll usually respond within a month, but I'd give them about 45 days to start before sending another. If they verify and you 100% agree with it, then offer a PFD.

[Poorfico24]

Is there a limit to how many times you ask for a validate? Is a dispute to cra and a dv to ca the same  thing? Before I knew anything about credit I disputed some things online in April 2008 to the three credit bureaus, and they came back verified. So is it still okay to DV them?

[llecs]

There's no limit to DVing. The FDCPA implies just once, but I've been successful DVing more than once. For example, I had AFNI. I sent them 2 DVs with two same responses. Then I sent several PFDs with no response. Finally, I sent a final DV after rewording it and they admitted they couldn't validate and they deleted.

A dispute and a DV are different. Disputes are allowed by the FCRA and are between you and the CRA. DVs are allowed by the FDCPA and are between you and the CA.

If past SOL or have $$$, then DV them CMRRR.

[Anonymous]

Actually your credit isn't THAT bad.  Hang in there. Your score is higher than mine.