Too many issues!!! Rebuild questions

[Anonymous]

This is my first post. My FICO scores are fives across the board however Wells Fargo dealer services has decided that they're going to charge off my vehicle. They're not repossessing it which is a good thing however the charge-off probably is going to bring my scores down even more. I have a huge amount of student loan debt onward and upwards of $70,000. I have had recent job changes a decrease in income and no way to help myself out of this mess. Student loans become due this month, after deferment and forbearance. I did pay on them for a little while..
it was a very small amount based on income. I am planning on redoing my income-based payment plan. I do have some positives on my credit reports but they are very small and one is about to fall off. I have one credit card a Capital One Platinum. I have a medical collection a collection from DirecTV and to credit card collections. All these, coupled with the charge- off, probably will make my scores go down even further. I know how to do paid to delete. However my question is if I go through the process of paying off these collections getting them removed from my credit report will my score see an increase? Or because of the charge-off which I do plan on paying. coupled with the enormous student loan debt keep me down until they're taking care of? I just need some input. I have personal loans that I have paid off with no issues. For some reason it is so much easier for me to get loans than credit cards. The two credit cards in collections are a Citi card and a Chase. Both were related to my ex-husband's nationality because he was British and I did a lot of traveling with those cards. I had a repayment plan with my Discover card, but they closed my account in February even though I made Regular faithful on Time payments for 2 years. My Experian is 577 and my TransUnion is a 523 and my Equifax is 540. I know that I can't dispute and/or get the collections and charge-off removed from my report because they are my credit activity. I just need some input on what my first step might be in order to dig myself out of this pile of trash. Any input would be greatly appreciated thank you

[Anonymous]

First of all DEEEEEEP BREATH

Tackle student loans first. They can and will put you into income deferment again. I have to renew my deferment every year. Call your loan provider and let them know the situation and they will or should send you some paperwork.

Right now your scores are irrelevant four walls are your priority. Once that’s secure work the rest.

[Girlzilla88]

Are they charging off your vehicle because you filed for a BK?!    I'm confused how they are charging it off without taking back the vehicle!?     But I do agree with getting rid of your Collections and working down your Student Debt for sure that is a crazy high amount sorry to hear

[Anonymous]

In house collections for wells Fargo. I paid regularly for 4 years before I hit rock bottom. The remaining balance is only $1800. That's probably why they won't repossess the vehicle. No BK. I don't qualify for it. Student loans are because I didn't work when I was in school. I used them to support me and my son. I did not get counseling on the loans before or after I took them out. I wish I had!!! I would've worked or supplemented the loans at the time.

[Anonymous]

Deep breaths all around! I did not realize what kind of trouble I was going to get myself into when I took out my student loans to begin with. No counseling know anything before I took them out or afterwards either I never did an exit interview with my college. With a huge four year college I would think that they would have insisted that I do something like that however it is still on me because I did that to myself. Wells Fargo is well aware of my situation and I do believe that that is another reason why they're not prepossessing the vehicle because I only owe $1,800 and I've been in contact with them consistently.

[Girlzilla88]

That is very very nice of them it seems their relationship with you did play a big part in it I know some places you can be under 1k and they would still Repo it....SMH but good to hear they are doing right by someone and I'm assuming giving you a chance to get things together.    But yes Deep Deep DEEEP breaths you got this!