What to prioritize next?

Anonymous · ‎03-31-2015

This week I was successful in getting PFDs for all four of the medical collections that were on my CRs. Woohoo! Now I'm wondering what I should focus on next with the money I have available and I'd appreciate input from the community. I have an unpaid chargeoff with Capital One from May 2014 for $521 and 3 other small collections totalling about $700. My question is, should I go after the Cap One C/O first or try to get the rest of the collection accounts deleted? I would like to be able to get a new credit card in a couple of months but it occurs to me that having an unpaid C/O might look worse to potential creditors that the collections accounts. Or will they both look the same and it doesn't matter which way I go? Thanks in advance for your input!

Anonymous · ‎03-31-2015

They're all killing your score. Work on the ones that aren't reporting each month and work back to the ones that aren't currently reporting. If they're all reporting I would attack the one that defaulted most recently and work your way back to the oldest.

Anonymous · ‎03-31-2015

I would prioritize by according to whether an item can worsen or not. If the CO has not gone to collections, thats where I would start. The CO hurts you in several ways, the late payments, the balance goes againts your UTI%, and the CO itself is a major derog. If it goes to collections thats a second major derog.

Anonymous · ‎03-31-2015

Thank you very much for your input. As far as I can tell the CO has not gone to collections. Do you think I should just call Capital one's customer service line directly to pay it or is there another department I should try to reach out to?

gdale6 · ‎03-31-2015

@Anonymous wrote:
Thank you very much for your input. As far as I can tell the CO has not gone to collections. Do you think I should just call Capital one's customer service line directly to pay it or is there another department I should try to reach out to?

I would reach out to the EO and see if you can get a PFD from them, odds are not good for it but give it a shot..

Let me Google that for you (its the top entry) http://bit.ly/1g0P1zO

Anonymous · ‎03-31-2015

Thanks! I'll give it a shot