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Where to begin?

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Anonymous
Not applicable

Where to begin?

Experienced a death in the family and went into death paying for the funeral. As a result, credit cards were neglected and went to collections. I am slowly digging myself out of a hole and want to start clearing them up as we are thinking of buying a house. However, I don't know where to start or who should I pay first.

 

All of the following are in collections

 

  • Midland - JcPenney - Limit $300 - Reporting $554
  • Midland - Credit One - Limit $250- Reporting $575
  • Resurgent - Credit One (Husband) - Limit $300 - Reporting $629
  • Resurgent - Avenue - Limit $300 - $591
  • Resurgent - Fingerhut (Husband) - Limit $1000 - Reporting $1238
  • Portfolio Recovery - Woman Within - Limit $300 - Reporting $593
  • Portfolio Recovery - Lane Bryant - Limit $ 650 - Reporting $962
  • Portfolio Recovery - Justice - Limit $500 - Reporting $614
  • Portfolio Recovery - Gamestop - Limit $350 - Reporting $549

Besides the ones listed there are 2 cards current with $0 balance.

Help - Thanks in advance

Message 1 of 10
9 REPLIES 9
FireMedic1
Community Leader
Mega Contributor

Re: Where to begin?


@Anonymous wrote:

Experienced a death in the family and went into death paying for the funeral. As a result, credit cards were neglected and went to collections. I am slowly digging myself out of a hole and want to start clearing them up as we are thinking of buying a house. However, I don't know where to start or who should I pay first.

 

All of the following are in collections

 

  • Midland - JcPenney - Limit $300 - Reporting $554
  • Midland - Credit One - Limit $250- Reporting $575
  • Resurgent - Credit One (Husband) - Limit $300 - Reporting $629
  • Resurgent - Avenue - Limit $300 - $591
  • Resurgent - Fingerhut (Husband) - Limit $1000 - Reporting $1238
  • Portfolio Recovery - Woman Within - Limit $300 - Reporting $593
  • Portfolio Recovery - Lane Bryant - Limit $ 650 - Reporting $962
  • Portfolio Recovery - Justice - Limit $500 - Reporting $614
  • Portfolio Recovery - Gamestop - Limit $350 - Reporting $549

Besides the ones listed there are 2 cards current with $0 balance.

Help - Thanks in advance


The good news is Portfolio and Midland will delete if settled for less or PIF. Not sure about the others. I am so sorry for your loss.


Message 2 of 10
Remedios
Credit Mentor

Re: Where to begin?


@Anonymous wrote:

Experienced a death in the family and went into death paying for the funeral. As a result, credit cards were neglected and went to collections. I am slowly digging myself out of a hole and want to start clearing them up as we are thinking of buying a house. However, I don't know where to start or who should I pay first.

 

All of the following are in collections

 

  • Midland - JcPenney - Limit $300 - Reporting $554
  • Midland - Credit One - Limit $250- Reporting $575
  • Resurgent - Credit One (Husband) - Limit $300 - Reporting $629
  • Resurgent - Avenue - Limit $300 - $591
  • Resurgent - Fingerhut (Husband) - Limit $1000 - Reporting $1238
  • Portfolio Recovery - Woman Within - Limit $300 - Reporting $593
  • Portfolio Recovery - Lane Bryant - Limit $ 650 - Reporting $962
  • Portfolio Recovery - Justice - Limit $500 - Reporting $614
  • Portfolio Recovery - Gamestop - Limit $350 - Reporting $549

Besides the ones listed there are 2 cards current with $0 balance.

Help - Thanks in advance


Midland and Portfolio will delete after the payment, don't know about Resurgent

Message 3 of 10
Anonymous
Not applicable

Re: Where to begin?

Thank you.

 

Does it make sense to negotiate with Midland and Portfolio for the amount of the limit or just pay the reporting amount?

Message 4 of 10
Remedios
Credit Mentor

Re: Where to begin?


@Anonymous wrote:

Thank you.

 

Does it make sense to negotiate with Midland and Portfolio for the amount of the limit or just pay the reporting amount?


I'd try settling because after it's deleted, it's not like anyone will see it again 

Message 5 of 10
Anonymous
Not applicable

Re: Where to begin?

Great, I will try settling. Thank you so much for your help.

Message 6 of 10
ladeda8971
Valued Member

Re: Where to begin?

Hi @creditfirefail19 - Resurgent is actually LVNV, who refuses to do PFD.  Dealing with them on one of my collections now (they are not fun to deal with).  Good luck with your repair!  




Jan. 2024



June 2019


Message 7 of 10
Anonymous
Not applicable

Re: Where to begin?

Hi @ladeda8971 - Are you trying to get a lower payment option with LVNV? I searched for my account on their website and there were discount offers available.

Message 8 of 10
Anonymous
Not applicable

Re: Where to begin?

You can negotiate a settlement with Resurgant/LVNV, but they will not PFD/remove. IIWM I would pay off Midland & Portfolio Recovery first, so you can get those off your report, then deal with paying LVNV. GL!

Message 9 of 10
ladeda8971
Valued Member

Re: Where to begin?


@Anonymous wrote:

Hi @ladeda8971 - Are you trying to get a lower payment option with LVNV? I searched for my account on their website and there were discount offers available.


I'm going to PIF to LVNV, as this one won't "fall off" my credit report until January 2021.  




Jan. 2024



June 2019


Message 10 of 10
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