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  1. I have three charge-offs on my report and I was wondering if I have passed the statute of limitations in the state of Illinois. I have disputed these accounts and they have come back verified. I don’t want to settle because I plan to apply for a mortgage next year if it has passed the statue of limitations. While reading I understood if you settle it restarts the 7 year time stamp. Any advice is appreciated. Date Last Active: 11/24/2014 Date Last Payment: 9/21/2014 TU 648 EQ 655 EX 666
  2. Ok, so the date of my last payment was 6/16/2014 and I can submit this letter to have the chargeoffs removed?
  3. Why Chat, since I am at the 5 year mark. Submitting your letter to the creditor and CRA will work to remove it from my reports? Sorry, if it may sound like a dumb question, but I need to get this resolved. Thanks
  4. Chase still holds the accounts and they have not been sold to a CA.
  5. Also, what can I do to improve my mortgage fico score other than decrease my utilization? It’s currently at 40% and my FICO scores are 640+, which doesn’t mean anything if the mortgage FICO is the score used
  6. Will an underwriter consider me paying off the chargeoffs at the closing table?
  7. I’m in Illinois. What is the SOL, 7 years + 180 days?
  8. The debts are 5 years old now.
  9. No, it has not been reviewed by a mortgage professional. I am afraid to get a hard pull to reduce my score. My mortgage fico is 595, and the charge-offs are hurting my scores based on my own analysis.
  10. Ok, so I have read the threads and it’s nearly impossible to PFD a Chase charge-off. I have 3 and the balances are over $2k each. I am looking to buy a house soon and I understand all charge-offs should be removed before an underwriter will approve. Below I have few questions and all comments and assistance are greatly appreciated. 1. What is the impact to my score if I do settle? 2. Can someone provide me or direct me to a settlement letter that worked? 3. What is the remark I should request to include on my credit report?
  11. Good news, I was approved today without income verification. I was thinking about trying my luck at the Personal LOC, does anyone think thats a good idea or should I wait until I have the card in hand?
  12. Thanks. I hope I am close and I will need to start and break for a while.
  13. I have been on a roll lately with my app spree and today I decided to take on Goliath Penfed. My EQ is clean with 4 recent inquires and FICO of 701. I applied for the rewards card and got a weird Platinum Rewards referred to loan officer for $30,000. At the end I was asked to sign my loan papers via mail or e-signature and delivery of my monthly statement. Does this mean I was approved or in line to send income verification next week?

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