Not to discourage you, but you have a lot of work to do. But it can be done and a lot quicker than you think, but I don't think you get there by next spring, perhaps in the Fall or early 2017. The problem is all those collections are dragging you down.
-tackle the account with the least showing. I'd deal one at a time. When thats settled, move to the next lowest etc.
-Its gonna be hard to secure any kind of mortgage in the current situation, so do yourself a favor and do NOT house shop. What will happen you will see a house you really like and whip yourself up into frenzy, and make bad decesions because emotions are ruling the day. Just focus on getting to the starting line.
-paying off the accounts will not make your score do much. The damage is done. You can do "pay to delete" removing the account from the report. That's big, but hard to do, but happens all the time. Go over to the rebuilding forum for specifics on that.
-Depending on the situation you're gonna need downpayment money. That might be hard to do while paying off collections, but look at it no loan can be worked with all those collection accounts stewing. So Worry about the DP when the time comes.
-if you're paying on a house right now, KEEP CURRENT ON THE PAYMENT. If you are renting make sure you have it documented. Several ways to do that so check around.
-Your chase card is still alive but on life support. In fact the first thing I'd do is get the balance under 10% or lower and then nurse it. Meaning use it, than pay it off quickly. That WILL increase your score, by how much I dunno. The damage is already done on the collections, so they can wait till I ya get the Chase card under control.
-If you are serious about getting back in the game, take a look at a increase in income by any means necessary. That can mean a partime job delivery pizzas at night, a guy can make up 500-1000 dollars a month. Could mean weekends at a retail place, or cutting grass with the landscape guys when they need someone. The boost in income will pay off the collections much quicker. It owning a new house is important to y'all you do it, if not you keep the status quo and chip away,but they main thing is consistency over the long haul.
-sum up. You form a plan, implement it, work it, make ajustments as needed. Good luck in your journey and keep us posted.
