Hi, Im new to this forum and to the credit rebuilding procedure. Im 23 and have a really bad credit history, I finally decided to start rebuilding my credit to purchase a home in the near future. I need advice on where to start and what I need to do, so far I have only sent out 5 DV and 2 PFD letters. I just pulled my credit report from this website and this is what is reported. Current scores TransUnion 550 - Equifax 623. Also I have an auto loan thats not reporting to TransUnion and its affecting my score, is there a way to have them add the account?
Adverse Accounts:
AFNI
Balance: $ 2,659
Date Updated: 09/2007
Original Balance: $ 2,659
Original Creditor: 10 SPRINT
Past Due: > $ 2,659 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Loan Type: Open Account - Collection Agency Attorney
Remark: >Placed for collection<
Date placed for collection: 01/2007
BANK OF AMERICA
Balance: $ 0
Date Updated: 01/2008
High Balance: $ 6,348
Credit Limit: $ 300
Past Due: $ 0
Pay Status: >Charged off as bad debt<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 05/2006
Date Closed: 12/2006
Loan Type: Revolving Account - Secured Credit Card
Remark: Purchased by another lender
CMI
Balance: $ 375
Date Updated: 05/2008
Original Balance: $ 375
Original Creditor: 11 SUDDENLINK NACOGDOCHES TX
Past Due: > $ 375 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Loan Type: Open Account - Collection Agency Attorney
Remark: >Placed for collection<
Date placed for collection: 03/2008
DSNB/MACYS
Balance: $ 266
Date Updated: 06/2007
Past Due: > $ 266 <
Pay Status: >Charged off as bad debt<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 07/2006
Date Closed: 06/2007
Loan Type: Revolving Account - Charge Account
Remark: Acct closed by credit grantor
GEMB/WALMART
Balance: $ 0
Date Updated: 01/2008
High Balance: $ 322
Credit Limit: $ 250
Past Due: $ 0
Pay Status: >Charged off as bad debt<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 04/2006
Date Closed: 10/2006
Date Paid: 10/2006
Loan Type: Revolving Account - Charge Account
Remark: Purchased by another lender
HSBC BEST BUY
Balance: $ 1,691
Date Updated: 09/2007
High Balance: $ 1,691
Credit Limit: $ 600
Past Due: $ 0
Pay Status: >Charged off as bad debt<
Account Type: Revolving Account
Responsibility: Individual Account
Date Opened: 10/2005
Date Closed: 09/2007
Loan Type: Revolving Account - Charge Account
Remark: Purchased by another lender
LVNV FUNDING LLC
Balance: $ 899
Date Updated: 06/2010
High Balance: $ 595
Collateral: 12 GE CAPITAL WAL MART
Past Due: > $ 899 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Date Opened: 11/2007
Loan Type: Open Account - Factoring Company Account
Remark: >Placed for collection<
MIDLAND CREDIT MGMT INC
Balance: $ 6,348
Date Updated: 06/2010
Original Balance: $ 6,348
Original Creditor: BANK OF AMERICA
Past Due: > $ 6,348 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Loan Type: Open Account - Factoring Company Account
Remark: >Placed for collection<
Date placed for collection: 01/2008
MIDLAND CREDIT MGMT INC
Balance: $ 533
Date Updated: 06/2010
Original Balance: $ 456
Original Creditor: CITIBANK
Past Due: > $ 533 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Loan Type: Open Account - Factoring Company Account
Remark: >Placed for collection<
Date placed for collection: 02/2009
NCO FINANCIAL
Balance: $ 102
Date Updated: 03/2010
Original Balance: $ 102
Original Creditor: 06 NATIONWIDE INSURANCE
Past Due: > $ 102 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Loan Type: Open Account - Collection Agency Attorney
Remark: >Placed for collection<
Date placed for collection: 05/2009
Superior Asset Management
Original balance: $437
Current balance: $437
Status: Unpaid
Date assigned: Dec 01, 2008
Date reported: May 01, 2010
Date last active: Mar 01, 2007
Date paid: Not Reported
Date closed: Not Reported
Original lender: T Mobile
Security Credit Services "PFD letter approved 06-29-2010"
Balance: $ 341
Date Updated: 01/2009
Original Balance: $ 341
Original Creditor: BancorpSouth
Past Due: > $ 341 <
Pay Status: >Collection Account<
Account Type: Open Account
Responsibility: Individual Account
Loan Type: Open Account - Collection Agency Attorney
Remark: >Placed for collection<
Starting Score: 580
Im currently signed up with USAA CreditCheck monitoring Premium from Experian so I have all 3 bureaus credit reports. I live in Texas so I think the SOL is 4 years. What should I start out with. I just sent a PFD payment to Security Credit Services so hopefully they'll delete their collection account soon. Now I need help choosing which accounts to pay.
Are you able to pay all of them in full, or do you have a set budget and you need to choose them one at a time?
Starting Score: TU: 550 EQ: 556 (pulled 6/2010)Im currently on a budget, and I can probably save $200-$400 a month or unless I can get a loan to pay off the high amount collections. If I was able to get a loan to PFD AFNI $2,659.00 or the highest MIDLAND CREDIT MANAGEMENT $6,348.00. What amount should I offer first.
Do not send a DV or a PFD to any account within SoL unless you can pay it in full.
Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010How do I find out if they are still under the SOL? I know AFNI is from a Sprint account that went into collections about 6 years ago. Its when Sprint dint offer free long distance calling 
so my friend ran the bill up.
Im in Texas which the SOL is 4 years. Afni is about 5-6 years old and Midland is from 2006. So right now I should start with the small amount ones correct to be on the safe side since I have the money to PIF about 1 account each month I send a PFD.
