Welcome!
The folks here will be able to advise you best if they have a more detailed understanding of your accounts. So I am going to suggest that you list for them all of your open accounts, all of the closed accounts on which you owe money, and all of your derogs. The following template will help them:
Open cards in good standing:
Card 1. Balance = ____ Credit Limit = ______
Card 2. Balance = ____ Credit Limit = ______
Card 3. Balance = ____ Credit Limit = ______
etc.
Include here any revolving account, even if it is not technically a "card."
Open loans in good standing::
Loan 1. Balance = ____ Original Amount of Loan = ______
Loan 2. Balance = ____ Original Amount of Loan = ______
Loan 3. Balance = ____ Original Amount of Loan = ______
etc.
Closed cards on which you still owe a balance:
Card 1. Balance = ____
Card 2. Balance = ____
Card 3. Balance = ____
etc.
Closed loans on which you still owe a balance:
Loan 1. Balance = ____
Loan 2. Balance = ____
etc.
Derogs (lates, charge-offs, collections, judgments, public records, liens, bankruptcies)
List each one and its date. If it is a late, be sure to indicate whether it is a Day 30, Day 60, Day 90, etc.
If it is a collection, indicate how much the collection is for
Base all the above information on your credit reports.
A moderator may move this thread to the rebuilding forum, if in his judgment that is the best place for it.
Finally, write a short paragraph that indicates clearly how much cash you have available now to begin paying off debts, and how much cash you think you might have in the upcoming 15 months for that.
