Credit Building Advice - Accounts Attached

[Anonymous]

Greetings everybody, I have attached items from my credit reports and I could use input on the best course of action to continue improving my score. Thanks you to everyone willing to help.

March 3rd 2018

*****COLLECTION ACCOUNTS*****
Agency: XXX
Assigned:1/2014; Original Creditor: Tmobile
Amount: $702; Date of 1st Delinquency: 02/2012

Agency: XXX
Assigned: 1/2017; Original Creditor: Tmobile
Amount: $1,520; Date of 1st Delinquency: 06/2015

*****CREDIT CARDS*****
OpenSky
Limit: $200.00; Opened: 01/25/2017
Paying on time every month except; 30 Days Past Due on - 9/2017

******CHARGE-OFF*****
Auto Credit
Date Opened: $5,022.00; Charge Off Amount: $4,034.00
Date of Delinquency: 03/2014; Date of Rptd: 07/2014;Reports Every Month as Late

*****Paid Charge-Off*****

Scana

Date Opened: 02/2011

Date of Delinquency: 07/2011

[Shooting-For-800]

You owe TMobile $2,200?

My suggestions:

Quit opening accounts especially pred lenders and low limits.

Do not pay anyone charged off right now that has not filed a lawsuit.

Pay 3x your minimum payment on any current credit card.

Save the rest in cash.  SAVE IT, not spend it.

Let the charge offs fall off your credit report.

I do not think your credit will get good enough to get a good credit card or loan before all your charge offs are gone whether you pay them or not.

Let sleeping dogs lie.

If one files a lawsuit, contact them immediately before your court appointment.  You can then use your saved cash to negotiate a settlement for lower balance.  Tell them you MIGHT be able to borrow some money from family, but you are probably going to have to declare BK.

If you decide to pay any charge offs, pay the NEWEST ONES as it will take longer for them to fall off your report.  

[GodivaD]

Do you have money to settle the ERC collections? If you do and WANT your credit to improve, I personally would negotiate to get those to report at $0.

Then the auto loan get that balance down. It doesn’t look like any of those accounts will be falling off soon. No one wants to have bad credit for until 2020-2022?