Where do I start???

[Anonymous]

I'm trying to clean up my credit report but I have soo many Baddies i've racked up over the past three years I don't know where to start and I'm hoping to get some direction from others on this forum.

My goal is to purchase a house by the fall of next year (09), but I will never be able to with the current scores I have. After reading all the success stories on this forum, I'm determined to raise my score and buy a house. So any and all help would be greatly appreciated! Thanks in advance.

Here is a breakdown of the Baddies on my report.

1. On 8/05 I voluntary repo'ed my Nissan Murano. I got a job overseas and it was a lease so I was forced to turn it in. The balance is $4,141 owed to Nissan-Infinity Lt.

Should I pfd this account? How much should I offer? Should i do it in writing or over the phone?

Should I work on this account first since it is the one with the largest balance or start with the most recent ones (see the rest of my list below)


2. on 6/05 my Bank of America CC charged off my $1,816 balance and sold this debt to a CA. Over the past 2+ years and because of interest this debt has grown to $3,295!! Both the CA and the OC are reporting this on my CR. They are even reporting it on my wifes CR and she was only an authorized user not a person responsible for the account.

Who should I PFD? BofA or the CA? How much should I offer to settle this account? Should I be able to get this removed from my wifes CR?

3. I had a power bill (Dominion Virginia Power) from early 05 that was assigned to a CA with a weird name "Nco Fin/99" for the amount of $335. There is no contact info for this collection agency on any of my CR. How do I go about paying them? Should I PFD Dominion power or the CA?

4&5. I have two hospital bills $622 and $967 that were assigned to a CA on Nov/06 that I would like to PFD. Should I go into the hospital's financial office and try to negotiate this off my CR?

I'd really like to know where to start with this long list? Thank God I now have the income to be able to start paying off these amounts (My plan is to pay them all off within 6 months), but I'd like to know which ones should I pay off first and which should I wait on?

Thank you for your help.

[granny031350]

I would start with nissan and BofA.  Then go after the collection accounts after the other two are taken care of.  I would work with Nissan and try to get them to settle.  But they may not be willing to mark credit report as paid in full but as settled for less etc (know too that you want to be sure to tell them if you settle for less that it is on condition of no 1099-c being issued)  and the same with BofA.  The credit score hit has already happened with the CO accounts so do those last and ONLY if they agree to PDF.  If not, forget about them and let them fall off over time.