I was on track for credit building and repair, had all these CCs that was supposed to be building my history, and wam bam messed it all up in 2021. Setting up my budget for 2023, I am making this debt a priority and going to start working on my credit again. ANY advice would help. All these charge offs, whats the best plan of action? I want to buy a house in 2024, my scores are all in the low 500s.
|CREDITOR||OC||TYPE||EX||TU||EQ||AMOUNT DUE||DOFD||TRANSFER STATUS|
|Bay Area Credit Service||ambulance||collection||X||X||$ 864.00||6/30/2017|
|Sequium Asset||Cox||collection||X||X||X||$ 384.00||8/8/2022|
|Merchants Credit||Virginia Mason||collection||X||$ 805.00||7/24/2020|
|credit one||credit one||credit card - charge off||X||$ 672.00|
|Kohls||Kohs||credit card - charge off||X||$ 381.00||2/28/2021||Not Sold|
|Merrick||Merrick||credit card - charge off||X||X||$ 923.00||3/31/2021||Not Sold|
|Opensky||Opensky||credit card - charge off||X||X||$ 150.00||3/31/2021||Not Sold|
|Target||Target||credit card - charge off||X||X||$ 1,346.00||5/31/2021||Not Sold|
|Spring Oaks||Indigo||credit card - charge off||X||X||$ 657.00||5/31/2021||Sold to Collection - On CR|
|Spring Oaks||Upgrade||Loan - charge off||X||X||X||$ 3,709.00||3/31/2021||Sold to Collection - On CR|
|Numerica||Numerica||Car Loan - Repossession||X||X||X||$ 5,551.00||8/31/2022|
|Fingerhut||Fingerhut||credit card - charge off||X||?||2/28/2021||Sold to Collection - Not on CR|
|Citi||Citi||credit card - charge off||X||$ 51.00||8/31/2018||Not Sold|
Welcome to the forums @kredit4koral
Dont stop paying the monthly's for one. Who are the collection agencies? You might have some that PFD once settled. The CO status wont go anywhere. How much do you have to apply to the debts once the CA's are done.
I would tackle Sequium/COX as it is the most recent other than the repo. For the rest, assuming that you do not have any current open tradelines, I would open a secured CC and a secured credit builder loan. Would probably see a bigger jump in score than using the money toward paying off the collection accounts. Once your SOL hits you can probably settle the remainder for much less than is owed in exchange for a deletion.