I'm trying to help my husband's score. He has a Merrick Bank opened in July 2012 and went into a collection/charge off status with a $740. Last reported date is April 7, 2014. Can get Merrick to work out any kind of deal so I don't want to deal with them anymore. I think it's been sold and some other company is trying to get a settlement.
Since then he has Amazon ($700), WM ($200 - won't increase), Auth on my Lowes ($5000), Cap One QS($1500), Cap One Plat ($850) and Credit One ($650).
TU - 614, EQ - 586, EX - ?
What should be done to help his score the most? Just wait it out at this point or pay off?
