C/o accounts

[Darrin73]

I have 2 Nfcu credit cards charged off 6000 balance showing on reports a penfed line of credit of 800 charged off one main c/o 3000 Verizon c/o 1400  Firestone cna c/o for 2000 medical c/o 380 n sprint c/o 400 n scores are Tu 590 eq 544 ex 576 are these holding my scores down n if I start paying the little ones off first then start tackling the big ones can someone tell me what my scores could also I forgot I had a bk7 in 2016 got 2 of the bk7 off n Experian is the only one showing a bk7 in there are bk7 iib included just wanna know what to expect my scores could be thanks 

[OmarGB9]

Nobody can predict what your scores will be once the COs are paid and the BK7 falls off. What I CAN tell you, though, is that those COs are definitely holding your scores down, especially if they're updating monthly. Even if they aren't, the utilization hit from them being COd is still hurting you. Paying any of them off should yield some score boosts, but you'll see the biggest boost when they're all paid off. And if you have any collections, they're also hurting you and you'll see the biggest gains when/if you can get them removed.

[Anonymous]

Agreed with @OmarGB9 but temper your expectations - even with chargeoffs paid, they're still going to hurt considerably until they're off your reports. The BK is a killer in its own right but the COs are adding fuel to the fire.

Do you have any open and positive tradelines or is everything charged off? I would assume there is positive information in there too to have your scores where they are. If so, and if those lines are still open, then priority one needs to be to keep them positive, paid on time, and open.

You can recover from this but it'll require a lot:

• paying the chargeoffs, preferably before they go to collection and harm you further with the introduction of new negative tradelines on your reports

• keeping low utilization on any open lines you have

• no more mistakes - no lates (not even by a single hour), no missed payments, no chargeoffs, no collections. Not ever, for any reason. Positive payment history is the single biggest scoring factor and conversely, negative payment history is the single biggest score-killer. A clean profile can lose 120 points or more for a single 30-late, and will suffer to some extent for seven years from that date. All that positive past history means nothing. Payment history is binary - despite the fluff you may see on Credit Karma (91% positive payments!), payment history is either good (100%) or bad (anything less than 100%). No second place trophies - paying 100% of the time, on time, is the agreement and expectation and less than that is failing the agreement. The scoring algorithms calculate this way.

Keep your open lines good and in low usage and try to set up payment arrangements with the chargeoffs to keep them out of collection. Do not commit to an amount that you don't know in your soul that you can make faithfully every single month. If you default on a payment plan, even by an hour, they can throw it out and demand payment in full, or possibly sue to garnish your wages. It's not pretty. 

Best of luck on this, and by all means ask questions and read here. The experience of this forum's membership is beyond belief and we can help with the process.