Re: Charge Offs? What to tackle first?!?!
04-13-2012 03:04 AM
Thank you LIGHTNIN!
That was a lot of information to process.
So basically, my auto lease that has been charged off with a $0 balance.... means that they have sold the account to a CA, but the CA holding the account isn't reporting on my CR. How would I know what was owed? Now, I'm actually scared to find out. I went to court for this back in 09/10 and basically stating that I knew I defaulted on the account and relinquished the vehicle back to GMAC. They were supposed to contact me if I owed anything, never did. I haven't heard from them since the court date.
SOL in my state is 6 years. Most of the things on my CR will be taken off in Early 2014 according to the CRTP. Since I realized I messed up royally and stopped having ANY accounts in my name. Cell phones and all!
I plan on attempting to do a PFD with my CAs, and thank you for the tip on the most recent CA for paying them first. I wondered if I should start paying them by highest to lowest amount owed or not. So I will do that!
Anymore tips on all this mess, is greatly appreciated!
Oh, and one more question not regarding my CR. Once I get all this mess straightened out, I also heard having different types of accounts (Credit Cards, Loans, etc) help raise your score, and also makes it look better for future loans and such. Is this true? And is it ACTUALLY possible for someone with very poor/bad credit to get this, like say, through their personal bank?
Starting Score: 513
Current Score: 536
Goal Score: 650
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