Bump for help 
@Catatonico wrote:I am working on re-building my credit, and have a few questions on some of the items appearing. Most of the baddies have dropped off. There's still a couple that are hanging in there. The below were pulled from my Experian report, which is my lowest score, and the one that is showing the most issues. I'm using an older report that I have for the info, but it pretty much matches what the lender went over with me. I'll have a copy of the lender's report in about a week.
G M A C
Status: Account charged off. $15,179 written off.
Status Details: This account is scheduled to continue on record until Mar 2015.
Date Opened: 06/2006
Reported Since: 08/2006
Date of Status: 05/2008
Last Reported: 08/2010
Type: Auto Loan
Terms: 72 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $31,638
High Balance: NA
Recent Balance: $15,180 as of 08/2010
Recent Payment: $0
Creditor's Statement: Special handling - contact subscriber for additional information.
Payment History shows CO in June 2008 and CO in August 2010 (no payments were made between those dates)
That's a pretty good amount there. It's on life support and will be gone next year. I'd let it time out, then maybe make a small token offer to have it settled.
HOME LOAN SERVICE/BANK OF AMERIC
Status: Transferred,closed. $26,232 written off.
Status Details: This item remained unchanged from our processing of your dispute in Apr 2009.
Date Opened: 02/2006
Reported Since: 03/2006
Date of Status: 10/2010
Last Reported: 10/2010
Type: Mortgage
Terms: 15 Years
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $26,400
High Balance: NA
Recent Balance: NA
Recent Payment: NA
Creditor's Statement: Account transferred to another lender.
Payment History shows CO in May 2008 and CLS in October 2010
Judging by the Co in May 2008, this will be excluded early next year too. Large amount, let it go, then again, maybe make a small settlement after it's passed the CRTP.
MERRICK BANK
Status: Account charged off. $1,285 written off. $1,286 past due as of May 2012.
Status Details: This account is scheduled to continue on record until Jan 2015.
This item was updated from our processing of your dispute in Apr 2009.
Date Opened: 09/2006
Reported Since: 09/2006
Date of Status: 09/2008
Last Reported: 05/2012
Type: Credit card
Terms: NA
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $750
High Balance: $1,286
Recent Balance: $1,286 as of 05/2012
Recent Payment: $0
Payment History shows CO May 2012, May 2010, Feb 2010, May 2009, Apr 2009, Sep 2008 (No Payments were made since March 2007)
Should be falling off, or may have already since you said this was an old account.
AFNI
Original Creditor: VERIZON WIRELESS
Status: Collection account. $1,192 past due as of Nov 2012.
Status Details: This account is scheduled to continue on record until Jan 2016.
This item was updated from our processing of your dispute in Nov 2012.
Date Opened: 11/2011
Reported Since: 11/2012
Date of Status: 11/2012
Last Reported: 11/2012
Type: Debt Buyer
Terms: 1 Months
Monthly Payment: $0
Responsibility: Individual
Credit Limit/Original Amount: $1,192
High Balance: NA
Recent Balance: $1,192 as of 11/2012
Recent Payment: $0
Your Statement: Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act).I'd offer a PFD at maybe 50% and see what they say. It's old too.
As far as I can remember/tell... most of these are at or nearing their SOL's and their drop-off dates are within the next year. The lender has advised me to contact them to either get them taken care of (not an option... not enough money to do that), but I'm thinking I'll be in a better position if I just let the SOL's toll and let them drop-off my credit report. I can use that time to save up more for a down payment. I'm also hesitant to contact them because I have not heard from any of these creditors AT ALL and I'd much rather let sleeping dogs lie for the moment. My husband, on the other hand, agrees with the lender and wants me to begin contacting. I control the finances, so I'm choosing not to listen to him right now until I hear what you guys have to say on the subject.
AFNI/Verizon... yeah... that was one month's cell phone bill... and it was all me, unfortunately. I'm thinking of trying a PFD on that. The OC isn't showing on my credit reports.
I also have an open judgement that was filed 01/2009 and paid off sometime in 2010 or 2011 (sorry... can't remember which, exactly). It is showing as satisfied on TU and EQ. I'm guessing there's not a lot I can do with that now, is there?
I also have a Chapter 7 BK filed in Nov 2004... but I know that's dropping off later this year... and all the accounts that were included in it have been gone from my reports for a couple of years at least.
Once I have the lender's reports, I may have more questions... but the listed accounts are the ones that, for some reason, are showing up in my DTI (I'm guessing another report has monthly payments listed on them, or something), so I wanted to tackle these first.
I haven't had any late payments in... 3 or 4 years, I think? All of my current accounts have perfect payment history. Car note - opened 11/2011; Cap1 Visa and Cap1 MC - each over a year old; WalMart - almost a year; Kohl's - almost a year; TiresPlus CC - 1 month. I want another credit card, and have gotten offers, but I don't particularly want to pay a huge annual fee, so I'm waiting. My credit utilization is at near 80%, so I have a lot of work to do on those, but only one of the cards is over $1000, so I should be able to pay them down in the next few months.
I sincerely apologize for the long-winded post. Any advice you can give would be greatly appreciated. Thanks for taking the time to read!
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
What is the SOL of your state?
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
I am in Ga as well. Don't they say that CC falls under the 6 year window for SOL as opposed to 4? I confess that I am not clear when reading the statute! I would certainly like to know. What would something like ATT phone fall under, is it revolving or no?
Starting Score: 599