Hello.
I am currently starting my rebuliding journey, we had some financial issues in 2010-2012 and it is still haunting us. We have opened new lines of credit, and keeping those managed very well. Have not had a late payment or anything negative since 2014. I am trying to see if I should start sending GW letters, wait until negatives fall off over the next year, or if I really have to just wait it all out to correct itself.
Here is an example of a few accounts, I didnt want to list everything because the advice given can be used for the rest of the issues as well. I dont want to bore anyone. LOL
Comentity VS
Balance- 0. Opened a new Victoria Secret card in 2016. Currently PIF on new account.
Date Opened November 2008; last activity February 2013; Status date March 2013
TU is reporting. EX and EQ nothing reported.
Late 30 Days- 1 time (Apr 2011) Late 60 days- 4 times (Sep 2011, Aug 2011, May 2011, Mar 2011) Late 90 Days- 2 times (Jul 2011, Jun 2011
Account closed by credit grantor
Hc Credit – HC Processing Center
Balance- 0
EQ
Date Opened June 2008; last activity 3/2014; status date 3/2014
Late 30 Days- 2 times (May 2011) Late 60- 1 time (Jun 2011) Late 90-
1 time (Jul 2011)
Fixed rate
TU
Date opened- 6/08; last activity 3/14; status date 4/14
Late 30 Days- 2 times (May 2011, Sep 2010) Late 60 days 1 time (Jun 2011) Late 90 Days 1 time (Jul 2011)
Account closed by credit grantor
EX
Date opened 6/08; last activity Not Available; status date 4/14
Late 30 days- 2 times () late 60 days 1 time () late 90 days 1 time (Jul 2011).
Account closed at credit grantors request
Chase Card
Charge off account, balance owed 5,330
EQ
Date opened 8/07; last activity10/10; status date 3/16
Late 30 days- 7 times; late 60 days 7 times; late 90 days 51 times (Feb 2016, Jan 2016, Dec 2015, Nov 2015, Oct 2015, Sep 2015, Aug 2015, Jul 2015, Jun 2015, May 2015, Apr 2015, Mar 2015, Feb 2015, Jan 2015, Dec 2014, Nov 2014, Oct 2014, Sep 2014, Aug 2014, Jul 2014, Jun 2014, May 2014, Apr 2014, Mar 2014)
Charged off account
TU
Date opened 6/08; last activity 6/12; status date 3/16
Late 30/60/90- 0 times for all
EX
Date opened 6/08; last activity not available; status date 3/16
Late 30 days- 7 times () late 60 days 7 times () Late 90 days 26 times (Mar 2016, Feb 2016, Jan 2016, Dec 2015, Nov 2015, Oct 2015, Sep 2015, Aug 2015, Jul 2015, Jun 2015, May 2015, Apr 2015, Mar 2015, Feb 2015, Jan 2015, Dec 2014, Nov 2014, Oct 2014, Sep 2014, Aug 2014, Jul 2014, Jun 2014, May 2014, Apr 2014, Mar 2014, Feb 2014)
Charged off account
The dates of late payments vary between CRA, how is that handled in terms of GW letters to CRA and OC?
How is a chargeoff handled? Is there really no hope since a balance is still owed? Should I contact them to try to settle it, or will it fall off within the 7 year timeframe? The last activity on the above Chase account is 2012, however 90 day late payments are going into 2015 when the account was already charged off.
Any help would be so apprecitated. I know it is going to be a long road, and I am willing to put the time and effert into it, however not sure where to start.
Thanks again!!
