Which to work on first?

[Jnbmom]

Yes get that merrick card under the limit.

Careful with cap one they are quick to sue and garnish your wages.

[Anonymous]

Get a hard budget and make your payments on time.

Get all credit cards under the CL.

Try and reach out to the creditors and start a dialogue to see what is possible to settle the debt. That way you have an idea of what is owed to them.

Try and not add any more debt to your credit cards as the interest is just taking extra money out of your pocket. 

tray and sell some stuff you don't need on CL or eBay. The extra money uses to pay off debt.

What is the AAoA?

[tayloreat713]

Good tip about Cap One. I'll call them tomorrow.

[tayloreat713]

Sure, my charge off's are as follows:

SEFCU $1855
Cap One $3500
Cap One $5440
I also have a few medical collections and a previous rental debt my ex left me with. They offered a PFD which I will pay within the next 15 days.

[tayloreat713]

What is "AAoA"?

[Anonymous]

Average Age of Accounts.

Here’s a link for common abbreviations:

https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

[tayloreat713]

Thanks for that!! I believe my AAAoA is 5 years.

[Anonymous]

Budget template sent. Check your email.

[FireMedic1]

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@tayloreat713 wrote:
Hi!
How do I update my profile to include my scores, balances and creditors as shown on your profile? The credit cards I that that are current are as follows
Comenity bank-Lane Bryant CL $400 balance $280
Comenity-Torrid CL $430, balance $500
Amazon CL $100, balance $30
Merrick Bank CL $1400, balance $1450
Nordstrom CL $2500 balance $1800
Paypall CL $1450, balance $1350
Collections/Charge off's
I have 2 cards in collections and charged off from Capital One. One account (Bal is $3500) has been recently placed with a attorneys office and the other (BAL is $5500l ) is still internally with CapOne. I will be calling both to set up payment arrangements.
Unsecured loan with a credit union charged off in June 2018 Bal is $1800.
Other medical bills arw also in collections.

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So lets focus on what you got ahead of you. I looked around in the other threads you been in. Right now scores aren't what you should be worried about. The overlimit cards have to get paid down ASAP. Or they will end up maybe like Cap1. Closed and charged off. Then you'll have more CO's and in time more collections accounts. Yes call and make payment arraingements to Cap1. I'd go as far to say. I wouldnt charge anything on your cards. Nothing. You have over 18,000 in debt that needs to be paid first. Get out of debt and then let things start to age off your reports. Then your scores will slowly rise. The damage is done and its time to repair the damage. Dont know your income. But your time is now to fix all that went south. Were here to help you along the way. Try to save what CC's you have left and pay those overlimit cards.

[tayloreat713]

I agree. I'll pay down Merrick and get it under the limit. I read in another thread to pay $2 or $5 more than the min. Not sure if this tactic would work in my case but I'll at least pay more than my min to get this paid off, and definitely not use any of my cards for a while.
The smaller balance cards with Comenity (Torrid Bal $430, LB $280) are another focus. I want them paid off within the next 60 days. Comenity has either been decreasing my limit or canceling the card once I pay it off. They've done that to 3 of my cards so far. One of them I had since 2011 so that hurt my AAoA.
What is the major difference between a CO and collection, are they the same?