I am in the process of fixing my credit scores, started in 2003 with a FICO of around 430. Last month I have 550-570. This month I have 530-593, two went up, one went down, like 40 points down.
I enrolled in truecredit to monitor it, and i have been paying off balances a little at a time. I just paid off all my CC debt , less than $500 of $1000 total on 3 cards and a high interest loan for $1091, saving $500 in interest. I still owe $9k in student loans, $21k on my car, and have about $10K in collections on medical bills (5 different accounts, same company and medical emergency). I am going to pay $15k on my car in the next 12 months, so my ddebt to income ratio will be down. I am looking to buy a house in the summer of 2008, and my loan will be VA backed, so no super worrys on it. I have already been approved for 150k from 2 lenders at 6%.
I am going to write some of the companies on my report and ask for a Good Will or a Payment for Deletion gesture to remove a few of them. Doubt all will work, but going to try. I also have a few in collections. I had an account with verizon for a home phone, and when i left for germany never knew there was a balance until I got my first report in May '03. Anyway, they have since sold it to Palisades and after 5 calls to their office, alll i got was an answering machine, leaving my email addy to contact me, since I am in Iraq right now and no phone to call me, they have yet to contact me to talk about the debt. How am i supposed to pay if they wont contact me. Pluse they are reporting it as 120 past due, even though I was never informed they had the debt. I am going to send them a PFD letter, is that a good idea?
I have 1 account that drops of in Sept of this year. Should I pay it, PFD it or let it drop off? Its only $65 so no biggie. Have 2 other with $0 balance that drop them too, so hope my score goes up. I am shooting for 620-640 by june of 2008. Is this realistic?
Is anyone that has delt with these letters before able to proof my letters to see if they sound good or if I should beef them up some? I tried to use the fact that I am a Soldier on my 3rd deployment to get some sympathy if i can.
If anyone can help me manage my credit score/ debt please contact me. I can not call the agencies all the time and don't know it all.
Darrell
delsolkm14@yahoo.com
