topic Re: what's the best strategy? in General Credit Topics

what's the best strategy?

Anonymous — Sat, 25 Aug 2007 16:21:56 GMT

Ok. So i decided not to file BK and instead to work on settling my debts with each creditor. My question is should I start with the newest debt first or start with the items with the lowest dollar amount first to get them out of the way, regardless of how old they are?

Re: what's the best strategy?

Tuscani — Sat, 25 Aug 2007 18:13:41 GMT

Good for you!

See:

Payoff Tactics
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=4120

Re: what's the best strategy?

Anonymous — Sat, 25 Aug 2007 18:23:06 GMT

I saw that thread. It was talking about credit card payoffs moreso than collection pay offs. I really don't have any CCs to pay off. Any other suggestions?

Re: what's the best strategy?

Anonymous — Sat, 25 Aug 2007 18:49:31 GMT

Now that I am really analyzing my report, I notice that there are items from 2000 and prior that are still on my report. Aftter reading the thread on reaging it seems like those items shouldn't still be there. I am wondering if the clock starts over again on those items every time they were resold to another CA. Also, what's up with all the duplicates? Are those hurting me? If so, why is a CA allowed to put the same debt on my CR more than once?

Re: what's the best strategy?

Anonymous — Mon, 27 Aug 2007 06:23:02 GMT

bump...

any ideas on this guys?

Re: what's the best strategy?

Anonymous — Mon, 27 Aug 2007 07:06:47 GMT

on_my_way wrote:
Now that I am really analyzing my report, I notice that there are items from 2000 and prior that are still on my report. Aftter reading the thread on reaging it seems like those items shouldn't still be there. I am wondering if the clock starts over again on those items every time they were resold to another CA. Also, what's up with all the duplicates? Are those hurting me? If so, why is a CA allowed to put the same debt on my CR more than once?

The CRTP on collections, chargeoffs, late payments and the like is 7 years, give or take 180 days. Anything that old either cannot be reported or will soon drop. Do you know the DOFD?

SOL can be reset. CRTP cannot. See the link in my sig.

The OC and the latest CA can list the debt. Any interrim CAs cannot remain. Presuming it's not too old to report.

Message Edited by Noah_Bodie on 08-27-2007 12:06 AM