I want to buy a house within the next six months. I have a Crap One chargeoff that is scheduled to come off my report in Sept 07 (exp) and April 07 (tu/eq). The original amount was $300.00 now up to $2243.00!!!
My mortgage lender told me to use his "law firm" Jamison Law Group to try to remove this C/O at a cost of $1000.00.
Do you thing i should pay them (lawyer) or negoitiate with Crap One or just wait for this to fall off. This is reporting as a charge off every month as i am sure you guys are aware of.
Also do you think they will send this debt to a JDB after the 7 year mark?
My scores are:
632 tu
613 ex
611 eq
I am working on my utilization now at 75%.
Please advise.
Thanks