Pay off all negatives, and try to get them GW removed if possible. You already have your 3 revolvers and an installment loan, so the only thing left is to pay on time and let your negatives age. Your scores will increase with time.
The charge offs are still going to hit you for the 7 years from the date of the first delinquency. Paid looks better to potential lenders, but it won't help your score immediately. They will start to age now that they are paid and not updating each month.
The best thing now is to let your new accounts age and try to goodwill the charge offs. You did not say whether any of those had went to a collection agency or if they stayed with the original lender. If you have the collections then you can try to goodwill those too. Look for the goodwill saturation technique as a lot of members have had luck using those methods.
The good news is you now have close to a solid foundation which to build on. You just have to do your time in credit jail until they start to fall off or age enough to start getting some of those points back. I went from the 600's to over 800 in a little less than 2 years, but I was at the point where a lot of my old baddies fell off in the first year when I started rebuilding. You can get the date they will fall if you grab a copy of your annual credit reports.
@Anonymous wrote:All were collections except Amex which offered me platinum card back or optima (I had a choice). But it shows 0 collections on my report, the original creditors were doing the late reporting until the settlement.. does that make sense?
Also total of 26 accounts on my credit file, with 20 of them closed, out of those only the ones from the initial post were late / ended up in collection. (average age of accounts 8yrs, oldest was 14 yrs)
Now was the debt included in my utilization and if so once they show zero balance will that help somehow?
Now that I have 3 secured CCs with $1500 limit, can and should I start the AZEO process and continue until my goal is reached?
Yes and yes.
@Anonymous wrote:@OmarGB9 From your experience how long after settling debt does it reflect with the scores/report? 2-3 months?
It can take up to 3 months, but in my personal experience, it usually takes 2 months max. Your experience may vary.
Usually the first month they update the balance with the remaining balance minus the settlement amount, and then the following month they finally update the balance to zero.
@Anonymous wrote:
@OmarGB9 wrote:
@Anonymous wrote:@OmarGB9 From your experience how long after settling debt does it reflect with the scores/report? 2-3 months?
It can take up to 3 months, but in my personal experience, it usually takes 2 months max. Your experience may vary.
Usually the first month they update the balance with the remaining balance minus the settlement amount, and then the following month they finally update the balance to zero.
@OmarGB9 Good good, thanks man!
Being that I have capital and discover secured cards plus indigo, you think it makes sense to get the TDbank secured card as well?
If TD Bank graduates, yes. You could replace the Indigo card with it.