Time to rebuild-need direction

[Anonymous]

So I'm looking to get a mortgage in 24 months or sooner if I can.  My Experian score is a terrible 530 will pull the others if recommended.  Need to get it as high as I can in months to qualify for a mortgage ASAP.  

No credit cards currently (USAA still reporting on a monthly basis I'm late).  One current car loan.  $95K annual verifable income.  

Mostly collection issues but I also have a judgement on a balloon loan that resulted in a boat reposession.  I have some extra cash right now to make payments on the collection accounts but the boat repo (judgement for $45,608 (9/2009) and  collection (Tri-State - 7/2011)  for for $27,147)) I can't possible pay off.  

I'm most curious how to go about getting started.  I'll do the letters/work myself.  Do I need to start with DVs to all of them?  Should I list what's in my CR so I can get direction?  Sorry I'm just looking for direction.  Thank you in advance.

[myjourney]

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@Anonymous wrote:

So I'm looking to get a mortgage in 24 months or sooner if I can.  My Experian score is a terrible 530 will pull the others if recommended.  Need to get it as high as I can in months to qualify for a mortgage ASAP.  

No credit cards currently (USAA still reporting on a monthly basis I'm late).  One current car loan.  $95K annual verifable income.  

Mostly collection issues but I also have a judgement on a balloon loan that resulted in a boat reposession.  I have some extra cash right now to make payments on the collection accounts but the boat repo (judgement for $45,608 (9/2009) and  collection (Tri-State - 7/2011)  for for $27,147)) I can't possible pay off.  

I'm most curious how to go about getting started.  I'll do the letters/work myself.  Do I need to start with DVs to all of them?  Should I list what's in my CR so I can get direction?  Sorry I'm just looking for direction.  Thank you in advance. 

Yes with amounts and dates they will fall off 

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Welcome to the forum

[Anonymous]

Thank you!  How do I know when they'll fall off....7 years from open date or last reported date?  Sorry for the remedial question.

[myjourney]

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@Anonymous wrote:

Thank you!  How do I know when they'll fall off....7 years from open date or last reported date?  Sorry for the remedial question.

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Says something like 

This account is scheduled to continue on record until 2017

[Anonymous]

doesn't show that on the Experian report I have...signed up fof the FICO service but have to verify account tomorrow as they're closed now.

[myjourney]

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@Anonymous wrote:

doesn't show that on the Experian report I have...signed up fof the FICO service but have to verify account tomorrow as they're closed now.

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Closed date will do for baddies as we can count 7 yrs from there 

Accounts in good standings up to 10 yrs 

[Anonymous]

It's from Experian.com...I signed up for the service here but I answered one of the security questions wrong and I can't activate it until in the morning.  Do I need to wait or is the neccasary information here?  I don't see a closed date on any of the CAs or OC account some of which are also closed.

So I have:

Account Name

Balance

Past Due

Date Opened

Account Status - All show "Closed"

Mo Payment - All blank

Payment Status - all say "seriously past due..."

High Balance - All blank

Limit - All blank

Terms

Comments

Then a timeline at the bottom with "KD" put in on various dates in the past.  Not sure if the last reported one is the closed date or not. 

Thanks for the direction!

[myjourney]

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@Anonymous wrote:

It's from Experian.com...I signed up for the service here but I answered one of the security questions wrong and I can't activate it until in the morning.  Do I need to wait or is the neccasary information here?  I don't see a closed date on any of the CAs or OC account some of which are also closed.

So I have:

Account Name

Balance

Past Due

Date Opened

Account Status - All show "Closed" No date here?

Mo Payment - All blank

Payment Status - all say "seriously past due..."

High Balance - All blank

Limit - All blank

Terms

Comments

Then a timeline at the bottom with "KD" put in on various dates in the past.  Not sure if the last reported one is the closed date or not. Could do if for example it says 1/2008

Thanks for the direction!

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[Anonymous]

So here is the first one for example...once I know what fields are needed I'll add the other accounts.

Account Name - Allianceone Receivable

Balance - $81.00

Past Due - $81.00

Date Opened - 6/1/2012

Account Status - Closed - no date

Mo Payment - Blank

Payment Status - Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

High Balance - Blank

Limit - Blank

Terms - 1 month

Comments

Timeline - KD in the box for Aug. 2012

[myjourney]

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@Anonymous wrote:

So here is the first one for example...once I know what fields are needed I'll add the other accounts.

Account Name - Allianceone Receivable

Balance - $81.00

Past Due - $81.00

Date Opened - 6/1/2012

Account Status - Closed - no date

Mo Payment - Blank

Payment Status - Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

High Balance - Blank

Limit - Blank

Terms - 1 month

Comments

Timeline - KD in the box for Aug. 2012

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Question this account shows as it was opened 6/1/2012 and not sure what KD is but it looks like last payment was 8/2012 

Does that sound correct to you 2 months before default?