+1
Credit rebuilding starts with cleaning up your current credit file.
So its contents are crucial to any advice.
So here is what I suggest:
What to deal with first depends, in my opinion, on the severity and age of each individual derog in your CR.
I would first focus ONLY on your original credtior (OC) accounts.
Under each OC account, list each and every delinquency in your CR by date (e.g., 30/60/90+ ;lates, and any CO)
Underline the first late. That is, in most cases, your DOFD for fhat account.
DOLAs are not something I would pay attention to. They dont reset CR drop off dates.
Then turn to collections. For each CA, just locate the related DOFD on the OC account that led to the collection or charge-off..
Finally, know your state statute of limitations on each account.
With all of that in hand, you then know when each derog is scheduled to drrop from your CR due to its own age, without any action on your part (i.e., 7 years for each monthly delinwuency on an OC account, and 7 1/2 years from DOFD on the OC account for each CO or CA).
Accounts still within SOL requrie particular attention, as they could result in legal action.
For accounts with unpaid debt, you have four basic options. If outside of SOL, and you can wait tor their derogs to drop from their CR, you can choose to do nothing. If you want eariler deltion, you can PFD them.
If still within SOL, take heed! Those are the accounts that need immediate attention. You can just pay in full. That stops the possibility of legal action, but does no result in any deletion of anything they have reported to your CR. Or you couild offer a PFD. But that does not do anything, should they either decline, or choose to not evern respond. IT is a gamble with a potential of CR deletion, but with the risk that they may escalate their actions. Yuu take your chances.
For accounts that have been paid, you can send then good-will pleas for deletion.
That is the basis for a plan.
