Still relatively new here, but think I'm finally beginning to fully understand how to successfully clean up my cr. I sent out my first GW letters this week and I hope I get good results! I'm on to step 2 now, sending DV letters. I just have a few questions if no one minds helping!
I have 3 charge off items on my report that have not been paid. Two items from 2001 and one item from 2002. I'm kind of in a sticky place with these--the items from 2001 are scheduld to fall off CR later this year (11/2008) and the 2002 item is scheduled to fall off in 2010. I don't want to just send payment for them and then have them re-age. So, am I correct that I should first DV the ones where the SOL is up (5 years in my state)? What happens if/when they validate? Am I expected to pay these or should I then PFD?
Also, am I correct in understanding that an SOL begins from the DOLA? So an account with DOLA of 3/2001 the SOL should be 3/2006? I am so nervous that I will send a DV and then be told I have to pay the charge off amount.
Thank you so much for your help!
