Ok, so I have officially signed another 6mth lease in order to get a few items cleaned up and hopefully purchase a home in Nov/Dec! Here is what I am working on:
Citi Financial: Willing to take a settlement for $2000 on a $3500 balance
Citi CC: I got a letter from a collection company on this one ARS which offered $1050 on a $2700 balance, HOWEVER I called last night and they said Citi had pulled the debt back on May 5th! What should I do now? Contact Citi? I can pay the settlement amount, but not the whole $2700.
Kohls Cap1: Owe $498, NCO has the account but it still reports as Kohls, they offered me $262 to settle. I may have screwed this one up, because I talked to them on the phone said I would pay the $262 with a money order, but I want to send a letter to do a PFD. Can I still send this letter even though I said I would pay the settlement amount. They refused to report PIF or PFD over the phone, saying they just don't do that...
Midland: Ok they are adding interest twice a month!!!!! The original amount owed is $1500 and they are up to $3000!! This is the last one I am going to deal with since it is listed as a collection therefore not hurting my UTL like the other ones are.
I think with these paid I should be able to get approved for a mortgage... What do you think??? Am I right that settling debt won't hurt my score anymore that it is being hurt right now by reporting derog every month?? I know PIF is optimal, but I can't afford the do that and have enough for a down payment...
