Collection Clean Up - Need Help!

[Anonymous]

I really want to get started on my clean up but feeling a little scrambled with all of my reading in the forum.

I have a mix of open and closed accounts - none paid. Please tell me if my approach is correct?

Within my credit report, I have CA’s where:

1. One account is closed with 2 CRA, but open on another. Solution: pay and all 3 CRA’s will update to paid.
2. In one case, the account is closed with the CA, but open with the OC. Solution: PFD with OC only.
3. Reporting falls off every year between 2016 and 2021. If I pay the older ones first, they will update and hurt my scores. Solution: pay the newest CA first and work backwards. With any luck some old ones will fall off in the process.

Thank you for taking the time to offer your thoughts.

[Anonymous]

Bump

[Anonymous]

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@Anonymous wrote:

I really want to get started on my clean up but feeling a little scrambled with all of my reading in the forum.

I have a mix of open and closed accounts - none paid. Please tell me if my approach is correct?

Within my credit report, I have CA’s where:

1. One account is closed with 2 CRA, but open on another. Solution: pay and all 3 CRA’s will update to paid.--Try for PFD. Updating to paid may do more harm than good.
   
2. In one case, the account is closed with the CA, but open with the OC. Solution: PFD with OC only.--Yes
3. Reporting falls off every year between 2016 and 2021. If I pay the older ones first, they will update and hurt my scores. Solution: pay the newest CA first and work backwards. With any luck some old ones will fall off in the process.--Always try for PFD first. You may get lucky and end up gaining points from their removal instead of having it just update to paid
   

Thank you for taking the time to offer your thoughts.

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Also, make sure that everything is reporting correctly and that none of the CA's have violated the FCRA or FDCPA.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I really want to get started on my clean up but feeling a little scrambled with all of my reading in the forum.

I have a mix of open and closed accounts - none paid. Please tell me if my approach is correct?

Within my credit report, I have CA’s where:

1. One account is closed with 2 CRA, but open on another. Solution: pay and all 3 CRA’s will update to paid.--Try for PFD. Updating to paid may do more harm than good.
   
2. In one case, the account is closed with the CA, but open with the OC. Solution: PFD with OC only.--Yes
3. Reporting falls off every year between 2016 and 2021. If I pay the older ones first, they will update and hurt my scores. Solution: pay the newest CA first and work backwards. With any luck some old ones will fall off in the process.--Always try for PFD first. You may get lucky and end up gaining points from their removal instead of having it just update to paid
   

Thank you for taking the time to offer your thoughts.

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Also, make sure that everything is reporting correctly and that none of the CA's have violated the FCRA or FDCPA.

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Thank you for reviewing for me. I see I need to choose wisely with my collection accounts.