I feel like I need a credit counselor who can just look at my reports and tell me what to do. Le Sigh. EQ-487, TU-523, EX-534
1. I have so many accounts, 25 to be exact. I am planning to buy a house in 1.5 years. There seem to be duplicate of the same account, like one that was credit card lost or stolen and then they open up a new account. Is that bad? Its so confusing and I feel like it should just be one single account.
2. All my credit cards have been charged off. I paid off Citi & Opensky today. And still have Merrick, Target, Kohls, Indigo & Fingerhut. Indigo is the only one showing as a collection as well sold to Spring Oak. My question, after I pay these off will it help my credit at all? Any luck getting any of these tradelines deleted completely?
3. I was also an Authorized User on a few cards from my ex boyfriend that went bad. A lot of them ended up going unpaid. Some of them show "account relationship terminated" but I just want it completely removed from my report. Is this possible? Can I call the different CC companies and request for it to be 100% removed? Will this help my credit?
4. I have 4 total collections that I want to know, can I do PFD and still settle on a lower value or will i be stuck paying full amount?
Receivables Performance - 495, Spring Oak - 657, Spring Oak - 3,709, & Merchants Credit - 820.
5. Lastly, I did get 2 new crappy cards that I have a 15% util on: First Premier & Revvi.
Literally all of my disposable income is going to debt until this is all paid off. Please any help would be great. 
@kredit4koral wrote:I feel like I need a credit counselor who can just look at my reports and tell me what to do. Le Sigh. EQ-487, TU-523, EX-534
1. I have so many accounts, 25 to be exact. I am planning to buy a house in 1.5 years. There seem to be duplicate of the same account, like one that was credit card lost or stolen and then they open up a new account. Is that bad? No. It happens when new cards are given after some type of fraud. Its so confusing and I feel like it should just be one single account.
2. All my credit cards have been charged off. I paid off Citi & Opensky today. And still have Merrick, Target, Kohls, Indigo & Fingerhut. Indigo is the only one showing as a collection as well sold to Spring Oak. My question, after I pay these off will it help my credit at all? Any luck getting any of these tradelines deleted completely? Charge offs wont go anywhere.
3. I was also an Authorized User on a few cards from my ex boyfriend that went bad. A lot of them ended up going unpaid. Some of them show "account relationship terminated" but I just want it completely removed from my report. Is this possible? Can I call the different CC companies and request for it to be 100% removed? Will this help my credit? Yes. Call the CRA's and tell them your no longer on the account. Or have the ex call and have you removed.
4. I have 4 total collections that I want to know, can I do PFD and still settle on a lower value or will i be stuck paying full amount?
Receivables Performance - 495, Spring Oak - 657, Spring Oak - 3,709, & Merchants Credit - 820. The ones you listed dont PFD.
5. Lastly, I did get 2 new crappy cards that I have a 15% util on: First Premier & Revvi.
Literally all of my disposable income is going to debt until this is all paid off. Please any help would be great.
Welcome @kredit4koral
All you can do now in preparation of sitting with a lender is get all past debts paid. CO's and CA's. No more new credit and go from there.
@kredit4koral wrote:Thank you for your response. Kinda bad news. "/
If it was easy we'd all have 800 scores. Good Luck!
As baddies age, they impact your credit less.
You can certainly try to negotiate with each.
In collections, you should be able to settle for 25-75% of the balances with most accounts.
GL!
@kredit4koral wrote:I feel like I need a credit counselor who can just look at my reports and tell me what to do. Le Sigh. EQ-487, TU-523, EX-534
1. I have so many accounts, 25 to be exact. I am planning to buy a house in 1.5 years. There seem to be duplicate of the same account, like one that was credit card lost or stolen and then they open up a new account. Is that bad? Its so confusing and I feel like it should just be one single account.
2. All my credit cards have been charged off. I paid off Citi & Opensky today. And still have Merrick, Target, Kohls, Indigo & Fingerhut. Indigo is the only one showing as a collection as well sold to Spring Oak. My question, after I pay these off will it help my credit at all? Any luck getting any of these tradelines deleted completely?
3. I was also an Authorized User on a few cards from my ex boyfriend that went bad. A lot of them ended up going unpaid. Some of them show "account relationship terminated" but I just want it completely removed from my report. Is this possible? Can I call the different CC companies and request for it to be 100% removed? Will this help my credit?
4. I have 4 total collections that I want to know, can I do PFD and still settle on a lower value or will i be stuck paying full amount?
Receivables Performance - 495, Spring Oak - 657, Spring Oak - 3,709, & Merchants Credit - 820.
5. Lastly, I did get 2 new crappy cards that I have a 15% util on: First Premier & Revvi.
Literally all of my disposable income is going to debt until this is all paid off. Please any help would be great.
1. It's not bad. Sometimes, for whatever reason, creditors do it that way whenever there's fraud on an account and they close it and open up a new one. As long as they're reporting accurately, it shouldn't make a difference.
2. Paying off charge offs should help, yes. How much is anyone's guess. They will NOT be deleted, however.
3. You can simply dispute those AU accounts as "not mine"/"not financially responsible for account" and they should come off your reports.
4. Don't know if any of those CAs offer PFD, but you can definitely settle for less.
5. Congrats on the new TLs! Just treat them well and your reports/scores will slowly recover over time.
I wish I had better news for you, but unfortunately, fixing credit is much more difficult than ruining it. 
