You can take the Verizon settlement just to clear the balance from your report but it may not increase your scores since it's not a revolving line of credit. Verizon will not delete the account from your reports.
Once you pay the past due balances on the revolving lines especially the first premier cards (since they will reopen the cards) your score will increase.
Congrats on your progress so far. I know it's not an easy journey
Citi (cl) 200/ (bal)307 marked as closed over 120 day late ,paying the 307 this week as suggested by yall Total card (cl) 300/ (bal) 0 charged off with resurgent CA
Total card (cl) 300/ (bal)0 charged off with LTD CA
Reflex card (cl) 1000/ (bal) 0 charged off with CKS CA
First premier (cl) 800/ (bal) 1297 closed 1 60 day late paying 137$ monthly
First premier (cl) 900/ (bal) 1619 closed all 'ok's" on payment history paying 120$ month
Cap one (cl) 500/ (bal) 345 closed 120 day late
Verizon (bal) 1087 marked "c" for collections
Oh, bother. I should have seen this earlier so that at least you made less errors.
First I recommend figuring out how much funds you have avalable. There is no point in trying to even talk with them if your avalable funds are 0. They can sue you then and would be attempting to get blood from a stone. Granted they will try to garnish wages with a judgment but that is worst case. For now I recommend crisis managment.
First off Verizon is the only lender who will generally avoid the courts. They also selected a PFD CA and have offered the fairly standard 50% off deal. You can pay 100% and get the record removed, pay 50% and have a ok remark with a cash savings, or make your own deal. I would push them toward 40% or so but that is just me. It depends on how willing you are to negotiate. End of the day Verizon can just refuse to serve you until the end of time.
Capital One is another intresting lender as they are known to sue people while also issuing new cards at the same time. Regardless I recommend you not allow this lenders account to fall through as they will send to collections soon. Even better is if you call in and set up a payment plan. This lender would definitly entertain it just to save on collection costs and it goes double since the account is closed.
First Premier is an interesting quandry. They interconnected the accounts so you would pay them off. Getting on a payment plan here would do you good as well. I also recommend you check the account terms to see if there are any fees that are non-standard. As a junk lender they should be removed from your wallet as soon as practical.
Total clearly wanted to hassle you with two collection agencies. I belive LTD did do PFD and we know Resurgent does so if you want that to stay off your reports netgotiating a PFD would be your best bet.
Reflex is one I am not famiar with and their CKS CA is not helping. I do know that they are a junk lender which means they will negotiate just to close out the account but what is offered will depend on negotiation.
Lastly about Citi the payoff was a mistake at this point. Citi is the only lender that does not sell their debt to third party CA's. They collect on it themselves and will with guarentee sue you. I can guarentee Citi Bank, NA vs hooper1 would have been roughly your case if it got to that. Usually it is 180 days and they send it to their collections department. 30 days in collections and it gets sent to legal. Durring that time you could have negotiated to pay part of the amount as settlement or even a payment plan. Remember Citi wants their money the most and even a payment plan at $25 per month is considered a win for them. Also they say they can hand it over to a CA but they really will not bother.
Overall you need to stop the bleeding and freefall. It will take some negotiating skills but it can be done. Once these lenders calm down their reporting there are plenty of new companies I can recommend to begin going up.
