@Failingupwards wrote:I've been busy... I have contacted the people who held all of these accounts and made arrangements and have taken care of them. I'll have about $2100 left to pay towards my CC debts (probably will focus the most of it at the WF account since it's more versatile). The bad thing is that, as these convert and show a $0 balance, some of them are reporting that they were late prior to being paid! I know this is all a waiting game-- I didn't get into this mess overnight and I can't fix it instantly, but does anyone have experience with this situation? Might ANY of these payoffs "pay off"? I'm also concerned that my only installment loan- my car- will be paid in full in July, so I will no longer get that boost from a line of credit.
Bad News and paid off:
AMEX settled 2855 and paid
Amazon settled 1545 and paid
Macy's 444 and paid
Cap 1 settled 393.70 and paid
WM settled 1602.45 and paid
Belk settled 1692 and paid
JCP settled 636 and paid
LB settled 519 and paid
Sams settled 130 and paid
Gap settled 296 and paid
Kohls settled 744 and paid
Best Buy MC settled 1408 and paid
Current/ Good Status (never late)
WF Platinum- 2907/3000
Target- 1856/2300
Indigo Card- 0/300
Cap1 QS- 0/300
CU LOC- 4288/5000 (joint with DH)
Car- almost paid off- 1 payment left!!!
Anything you "settled" is going to be a negative for a long time.
Your lates are going to continue to show up as negatives for a while.
Don't expect any score improvements in the near future. My advice is to send in verification letters constantly, which will accelerate the process of getting some of your negatives removed.
@Failingupwards wrote:Thank you for the reply. Just to be clear, I should not just pursue a good will/ deletion campaign but request verification as well/ instead?
My understanding is that good will - deletion is something you do before, rather than after, you 'settle' with them, as part of the negotiation. But I'm no expert.
Sending in verification letters sometimes can accelerate the process of getting something removed... you ask credit bureau to verify, creditor doesn't respond or doesn't respond in timely fashion, negative is deleted.
