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MessyCredit1

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  1. Glad to hear that this was helpful. The answer to working with a CA or the OC isn't always cut and dry. Sometimes you have no choice, it depends on whether the debt was sold to a CA or assigned to CA. If sold, the OC might not work with you at all. If assigned, they may work with you once they've recalled the debt back from the CA. In my case, Chase must have (I can't remember if it was assigned out to a CA) pulled my debt back and made me a settlement offer of 10% of the amount due. These things will develop over time, just make sure to save the letters that get sent to you so tha
  2. So get your paper reports and double check the dates. Your date of first delinquency (DOFD) is the first missed payment on each account and this is when the clock begins to tick for SOL and when the account drops off your report. So this date is very important. You mentioned that your state (IL) SOL is 5 years. You can be sued even after 5 years , but you can get it dismissed on the grounds that the account is outside the statute of limitations. Again, the DOFD is important to know when SOL expires. These chargeoffs are going to remain on your credit report for 7 years from the DOF
  3. I was only eligible for BK13. I had too much home equity for BK7 and selling wasn't an option. But as time went on, I realized that the BK would have affected much more than my credit. The question about having ever filed BK has appeared a few times (employment, lending, associations etc.) as I was going along. So I am glad that I did not file, so that I could truthfully answer that question as NO. I knew the scores would heal with time regardless. My scores are now in the low 600s and I have a path forward to boost them a bit higher in the short term. I can maneuver, albeit more e
  4. Here's an update almost 3 years later. I think my lawsuit days are behind me finally as of today. With the help of an attorney and some missteps on the debt collector side, I was able to avoid a judgment although I was sued about 6 times. Presumably because my accounts were in the low 4-5 figure range and I appeared to be highly collectible as mentioned above. Call it luck, god or the universe.. whatever "it" was... I had those blessings the entire time. My attorney remarked at least once that he was in disbelief at how some of this played out.. Anyhoo, now I can wait
  5. Thank you for this clarification. I’ve been lurking around looking for rebuilding strategies/dos and don’ts etc. but it’s been hard to find info/posts for beginners. Do you have any favorite posts or threads that you can recommend? I want to avoid wasting time on accounts or programs that don’t help. As an example, I just got a NFCU account but not sure if I should apply for any of their stuff yet. Can’t find good guidance of when to implement certain steps or programs. I also couldn’t open the earlier link that you posted to see if I could understand why OP was utilizing the loan vers
  6. Why not do the secured card instead of the loan? Are you addressing credit mix at the same time? Sent from my iPhone using Tapatalk
  7. Thank you for this! I’ll stop worrying about them and keep working on improving the rest of my profile. Just worried that it would set my scores back. Sent from my iPhone using Tapatalk
  8. Hey, I just realized I overlooked your mention of 4 bureaus. Who is the 4th? Sent from my iPhone using Tapatalk
  9. Ok here’s an update. My family got a paper report from Experian. We sent a dispute letter last month for other accounts so EX sent an updated report once they finished the dispute. So her mortgage is definitely missing from her EX report. Not a bad thing, just wondering if it will come back and report (old negative payment history and foreclosure initiation) because the account is still active and she’s currently making payments (May 1st will be 3rd on-time payment) If it stays gone, it will be good news, just wondering if it is likely that it comes back. I’m still waiting for my paper repor
  10. Ok, I'll get some paper copies ordered for both of us to compare to see if the accounts show closed there or not.
  11. Hello - I have two similar scenarios. One is mine and the other is a family members'. My scenario: I have 3 student loans that are currently in forbearance. However, they are showing closed on EX. They are active on TU & EQ. Can these be disputed to get them reporting as open on Experian, will making on-time payments when out of forbearance fix this or should I just leave it alone? (They are older accounts and help the average age of my accounts). Note these accounts have a long positive payment history. Family member scenario: Family member's home was in fo
  12. What are you gonna to say on the phone? Are you making payment arrangements? Have the accounts charged off yet? Whether they sue you depends on more than amount. Do you appear to be collectible? I’m assuming you are within SOL because you’re asking the question. How much time is left? Cap One is aggressive and will sue for small amounts. Citi and Barclays will probably sell to debt buyers who will attempt to sue. Chase, not sure, may depend on amount. Sent from my iPhone using Tapatalk
  13. Ok, so based on the soft copy reports I have, the following credit cards/accounts are still reporting balance dues with each of the OCs. I don't have my reports in front of me, but I think only Calvary & Caine Webber shows up on the CRs right now. CitiBank BOA Kabbage Barclays Cap One Discover Chase * Lending Club - only shows on TU, $ 0 balance on EX & EQ So if I understand correctly, it is suggested that I contact the OC to settle, make payment arrangements? Note that I can't provide a large lump sum at the moment, but might be able to in January at the earliest.
  14. I don't think any are still with the OC. They are all charged off and are assigned/sold to CAs and JDBs now. I noted each CA/JDB on the screenshot in case it might need a specific strategy. Unfortunately, none of them seem to be the messy ones like LVNV. Do you mean try to have the OC call the debts back and pay directly?
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