@Anonymous wrote:Credit newbie here... would love if someone could guide me in the right direction as to what to do to improve scores enough for a home loan. I have a charged off account from citi bank / dell financial services that was last active in Oct. 2006. Reported closed as bad debt in June 2007. SOL still in effect so how would i try to clean up or remove this? No CA reporting. The other is a medical collection showing that was last active Aug. 2003. SOL is over. Doctor not reporting but CA is. Perhaps PFD since its out of SOL, and is for a small amount of $75.00? These are my main ones that need to go and i thank you for any guidance anyone could provide.
Hi and welcome to the forums. A mod should be along shortly to officially welcome you and ask you to read credit 101, etc. Lots of great information there for you.
Anyway, for citi/dell, I would offer a PFD. The damage is done to your CR at this time, so try to get it to work for you. Start at some fraction of the debt and work your way up towards 100%, if necessary.
As for the medical that is out of SOL. DV the CA. Always CA before PFD. How do you know that they have the authority to collect from you? Have they already validated or are they just reporting, writing or calling? If you would like to ease your conscience, then you should send the OC the $75. GL.
Starting Score: 469Current Score: 819
Goal Score: 850
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