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I remembered reading here not too long ago that there was some confusion between HSBC and Cap1 as to which bank owned the old, closed charged off CCs that were closed prior to the Cap1 purchase of HSBC CCs. If I could find the thread, I would post it. I had an HSBC charged of CC that was closed prior to the purchase that was set to fall off in 10/2015, and I decided to take a chance and dispute it as obsolete with TU, along with a couple other accounts I am disputing. This account was reporting only on EX and TU, and all prior attempts to dispute it off had failed. To my surprise, it was deleted from EX a few days later! I didn't even dispute it with EX. Yesterday, it was also deleted from TU. This leads me to believe that TU did actually submit a dispute to verify with HSBC, and that HSBC submitted a request to all CRAs to have it removed. My guess is that it has to do with the ownership issue. If you have one of these old HSBC charged off CCs reporting, it might be a good time to try and dispute it, even if you have already tried in the past. Good luck!

I received a Form 1099- Cancellation of Debt. I paid the the tax to the IRS on this account. Chase is still reporting this on EX as a charge off with a recent balance of $7,713. This same account has been deleted by TU and EQ. What is the best way to get this remove from EX? EX keeps confirming that this account has been verified as accurate. Any help will be appreciated.

Hi there, I am looking for help on what to do for a Bank of America credit card account that was charged off in December 2012. If I remember correctly, I actually paid this account off in full, but I don't remember for sure as I had a number of credit cards in bad states at that time, so one may have actually been charged off. The status is "Closed. $1,992 written off." The comment says, "Purchased by another lender." I do not recall ever being contacted by a JDB for this account, but it may have been them that I eventually paid off in full. Though I would have thought that would have been much earlier than late 2012 or early 2013. The first month reported for this TL on my credit report is Septemeber 2009, and it is clean until January 2011. The following negative items appear from that date: 1/11 - 30 7/11 - 30 12/11 - 30 3/12 - CLS 4/12 - CLS 5/12 - CLS 6/12 - 30 7/12 - 60 8/12 - 90 9/12 - 120 10/12 - 150 11/12 - CO 12/12 - CO I do not recall getting any notices in 2012 or thereafter. Anyway, I am guessing I need to send a validation letter. Let me know if that is incorrect. But, if it is correct, can someone point me in the right direction? I would be grateful for a sample letter. I will of course not use said letter, but it would be nice as a starting point to get my bearings and craft a letter to my specific situation. Also, how do I need to send that? Certified mail return service requested? Any help in getting started with this negative TL is most appreciated. Really, I could use step by step instructions or a link to where to find them. Thanks!

In my second year of graduate school, I let seven credit cards charge off. The charge off dates are all between April and June 2013. I had no income at the time other than student loans and, with everything on my plate, I let them go without much thought to the consequences. I'm now done with school and will finally have an income for the first time in three years starting in mid-September. All of my loans are in good standing as well as nine other revolving accounts with low utilizations and low limits (six of those opened since May 2014). I would appreciate advice on how to approach these charged off accounts. Two of them have since been sold to JDB's, but only one has appeared on my credit report with a collection agency (HSBC account sold to The Bureaus/Stoneleigh Recovery). The other five are still reporting balances with the OCs. I have not spoken with any of the original creditors or collection agencies. My accounts are as follows: B of A: ~ $2500 C/O 6/2013 Collection Agency: Client Services, Inc. B of A: ~ $2500 C/O 6/2013 Collection Agency: Client Services, Inc. Chase: ~$3500 C/O 6/2013 Collection Agency: United Collection Bureau Citicards: ~$2600 C/O 7/2013 Collection Agency: Global Credit Collection Citicards: ~$3400 C/O 6/2013 Collection Agency: Northland Group HSBC: ~$3000 (original), now $3100 C/O 6/2013 HSBC Reporting $0 balance Collection agency: Stoneleigh Recovery Associates Current Creditor: The Bureaus (reporting to CRAs) since 6/2013 Wells Fargo - $1600 C/O 6/2013 Reporting $0 balance Collection Agency: Portfolio Recovery Associates Due to the ethical requirements of my profession, I cannot leave these accounts unpaid and on my credit reports without settling them or, preferably, having them removed entirely. How would you recommend I proceed with these? Other info: TU and Experian Ficos are 615 and 610, respectively. Thanks in advance for any advice!

Is there a way to get the CRAs to remove/delete a charge-off from my file if the OC has updated it from a balance owed to $0 and transferred? I have tried to get it updated or deleted and only one CRA has changed it from a charge-off. This is the only neg reporting thing on my report but it's still there and it has cost me nearly 175 points. So, the cliff notes version of my backstory goes a little something like this: I had an account that I chose to close because they wouldn't give me a CLI. I was told I could set-up autopays for the remainder of my account balance until satisfied. About six months later I was applying for a loan to help pay for law school and got declined. I was surprised because my scores were all in the 700's. I discover that this closed line was reporting 120 days late. Im fuming at this point and seeing red. I contact them and they say I haven't made a payment since the account was closed and I proceed to argue with them that's not accurate. I subsequently check the account I set-up drafts from to see all the money still sitting there. I speak with a girl who informs me that I can pay the past due, minus the fees, and then continue paying the account down. I could also request the late fees and such to be removed or credited due to the clear misunderstanding. I pay the nearly $1k and move on. About 10 days later I get a call from a CA that my account was sold to them. All HELL effectively breaks loose. I go through a BS circle of "he said" "she said" on my account and ultimately they refuse to correct their mistakes. The CA is confused because they see the large payment made and don't quite understand what has happened. While I proceed to escalate my complaint to the corporate offices of this bank and promise legal action if the now reporting charge-off isn't removed, the CA tells me they won't report anything on my credit if I want to just pay them the remaining balance. The catch is it has to be in full. So I agree, but it needs to be split up into two payments. About 2 weeks after the first payment goes through, a collection account pops up on my credit reports. Need I say my eyes are once again seeing red?!?! I reach out to the CA and tell them they lied and violated an agreement. I accuse them of fraud and they guy tells me the rep that made the agreement with me "misspoke" but that he would speak with their legal team and see what they could do. I didn't hear back from him for a week and sent them an email which also served as my notice to file suit. They never replied. I blocked their access to my account and reached out to an attorney. After consultation, I proceeded to make good on my notice of filing a federal lawsuit against them for multiple violations, including breach of contract, attempt to defraud and FDCPA. Meanwhile, they continued to bury themselves by leaving vmails, all of which broke the FDCPA each time by not giving the "this is a debt collector and message only for Bld08" elevator speech, prior to leaving the message and two of them they admit to making a mistake by reporting the item and that they were trying to have it removed but that it would not really fix my credit score. My lawsuit is still ongoing, as it was filed in federal court on Sept. 4, 2014.

Hello, if a similar post exists, please let me know and discard my post. Thank you. Three years ago, I had a lengthy short sale. At the end of the process, I settled with the bank by paying as much as we can on the loan with a balance as debt forgiveness. In the after settlement letter, the bank said the debt forgiveness will be reported as "account paid in full for less than the full balance". As little as I understood back then, I didn't think this would be a problem for getting a mortgage in the future when we rebuild our life. Now we are trying to buy a home and getting a mortgage, the lender pointed out this particular report on the short sale three years ago. Currently on my CR, it says: XXX Bank INS 03/11 91125 Coll/ChrgOff TRU01 acct#YYY 180 M 637 06/07 88215 0 * 03/11 637 3822 (EFX,XPN) SECURED UNPAID BALANCE CHARGED OFF The lender indicated that this line is a concern for the underwriter and should be changed to something like "balance is zero". Could you please give me some advice/directions how I can fix this: 1. Should I contact the short sale lender and request them to change the report? If so, what should I ask them to change to? 2. Or should I dispute with the CRAs (if it's disputable)? Thank you so much for your help!

I have been trying to deal with two old HSBC accounts that were charged off. Long story short, I had 2 HSBC cards charged off before Cap1 bought their US credit card business. They went to Cap1 and I battled them for removal by disputes, EO action, and a CFBP complaint. Nothing came of any of those attempts. They have now been assigned back to HSBC from what i can tell because they now list the po box 9 address in Buffalo instead of the Cap1 Carol Springs, IL address. I have done recent CRA disputes about these accounts and here's how they are reporting (and came back as verified): Experian is reporting these as positive trade lines that will will remain until 2021 with the notation "sold to another lender" and a "closed" date in mid 2011. No payment history is reporting at all. No balance due. No charge off notation. Shows up on the backdoor online dispute in the positive accounts section. Transunion and Equifax are reporting these accounts as charge off accounts with "closed" dates of late 2010. Payment history shows lates leading up to CO. Purchased by another lender noted. Which of the following methods would you use? Or do you have a different idea? 1. I have a 623 letter typed up with all of the issues mention above plus a few more. The two outcomes I think may come of this are either: (a) it will be removed because of the incorrect reporting or lack of records to review it since it went to Cap1 and then came back (b.) they will change the experian reporting to show the CO making it a negative account again 2. File a CFPB dispute for the trade lines reporting completely differently after disputes. I have copies of the disputes showing the completely different reporting. My goal is complete deletion of these trade lines.

This may provide some ammo to fight charge-off status still reporting on discharged debt. I just saw where one of my discharged debts had been sold after my BK 7. Couldn't figure out why. This is probably the reason. http://dealbook.nytimes.com/2014/11/12/debts-canceled-by-bankruptcy-still-mar-consumer-credit-scores/?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news

Hey Everyone, Like a lot of people I have seen on Credit Boards, i am making my own thread to document my own journey, and hopefully receive some excellent advice from all these fine people on the board. I have made multiple threads, mostly in the Canadian section, in regards to questions that pop up, but i will try to ask them here, and hopefully someone will be kind enough to reply. (there is absolutely no action in the Canadian section!) So I began my journey to repair my HORRENDOUS credit at the beginning of july by ordering hard copies of my report. (Canada only has TU and EQ). My starting score was 483. (I KNOW ). On Equifax I have the Following: 2 Charge off CC's combined worth less than $2k, (OC only reporting, but 3rd party CA trying to collect.) 1 Collection $3,723.00 (Negotiated PFD, paid but Equifax being very sticky about removing it after 3 contacts from myself and CA) Numerous 60,90 day lates on Student Loan On Transunion I have the Following: 2 Charge Off CC's (Same as Equifax reporting) 1 Collection $231 (Not mine, have disputed Aug 7,2014) Numerous 60,90 Day lates on Student Loan For the last 2 months I have been removing all old addresses associated with the CO's (One is still in investigation by TU). I Have also been trying to get my Alias removed on both files since i legally changed the spelling of my first name. I was hoping this would help my quest in disputing the CO's when i get to them soon. I have paid one collection and am fighting to actually get it removed, after multiple attempts by the CA and myself, EQ keeps claiming they have not recieved anything. I have signed up for credit monitoring and have also been approved for a secured card which i will put a $500 deposit with People's Trust. I have been added as an AU to my SO's CAP1 credit card, but in Canada its much harder for them to report (but im crossing my fingers they will. Cap1 says they give the info to the bureaus and it's up to them to report it or not?) I am in the process of Rehabing my student loan. Right now i have to be patient and wait for investigations to close and things to be removed, but it is SO HARD. Could I be doing something else in the mean time?

Hi all! As someone who has recently found creditboards and has started my repair journey, i am in need of some guidance because i'm feeling really lost. I posted a topic in the Canadian finance section as I am from Ontario, and it has gotten no replies I have 2 credit card charge off's. Charge off 1 DOLA is 06/26/09. Charge off 2 is 09/23/10. In Canada I believe accounts fall off in 6 years from these dates. My idea is to report as obsolete early 2015 for charge off 1, but i need advice for charge off 2. I, like most people have started this journey to get approved for certain things coming up in life and having these removed from both reports would be such a weight lifted off of me. For charge off 2 i have requested DV and was given 2 statements and my signature on original visa agreement. Is there another strategy i can use next? Is it too late for 1-2 punch or something else im not aware of? Sucesses so far. 1 PFD on a collection 1 old address removed on EQ & TU Some personal things that might aid in my strategies..i have legally changed the spelling of my first name. Both accounts were opened with old first name spelling, and charge off 1 address associated with it has been removed from reports. Should i remove the address associated with charge off 2? Also, these charge offs are both around $1000, and have been assigned i believe as the OC is still the only TL for both accounts. Please help me! I have absorbed so much info on this site, and just don't know what i should be doing first anymore.

I need some advice with 3 charge offs that are due to age off in approx 10 months. Let me first explain that my goal is to get my scores up so I can apply for a conventional mortgage. Currently I am at 600 and need to be at a min of 620. For the past year I have been working hard to repair my credit. I hired an attorney who helped me get 4 judgments vacated; 2 of the judgments were paid in full and the other 2 he arranged payment plans. I also paid off a few collections and hired a credit repair agency to delete any remaining neg marks. During this period I had an auto loan that I was behind on but caught up with and payed off. In addition to that I open two secured cc to help establish new credit history. Here is my situation with the charge offs. Capital one charge off for 5700, SOL has passed and I have no intentions of settling. Scheduled to age off 7/2015. Capital One charge off for 5300, this was one of the judgments vacated and I have a payment plan for 3000. This is also scheduled to age off 7/2015. Target/ TD Bank charge off for 3300, this was also one of the judgments that I had vacated and I'm currently paying off a 2200 payment plan. Age off 8/2015. I had the credit repair company challenge all three of these accounts with no success. My question is should I payoff the two with payments plans? Will this improve my score? Or just wait until all three age off? All three of these accounts are over extending my credit limits and it's hurting my score. Thanks. Ken

PLEASE HELP! Brief summation: I had an account that I have not paid, was charged off and sold by HSBC to Cavalry. It was purchased by Capital One before it was sold I assume. I have been disputing this account since May for various reasons mainly because the reporting was sloppy and I thought I could get it removed. For every credit bureau dispute Capital One has updated the account but has never deleted. Recently, I filed a second dispute with the CFPB against Capital One because after the last update, the comments posted by Capital One stated "payment after charge off" but the status of the account does not say "paid charge-off". I received a response letter from Capital One executive Erika Rodriguez stating that my last payment was of $40 and made on August 29th, 2011. Well, I looked at the statements I had them send me from the first CFPB dispute and found that the payment was returned and was not applied to the account, yet they verified this multiple times to the credit bureaus, which means my date of first delinquency would be a month earlier then it list on my report. I also have my bank statement confirming the payment was returned. Because Calvary deleted their trade-in I also asked for bill of sale proving they own the account. Ms. Rodriguez's response was that they purchased it and she took the liberty of confirming with Calvary that they own the account. My question, is this a legitimate violation that I could leverage for deletion and is Calvary allowed to discuss my account status? Being that they purchased the account they are not the original creditor maybe this would give more leverage, how should I proceed?

Hello All, I took a break from writing, just reading daily. The last update was that I had 3 CO... Since then First Premier gave me the option to re-apply for a new card and transfer the balance, which I did. Was that a wrong move? I also received my Capital One Secured Card in the mail. Two things maybe three things I need help with... 1. I opened an account with my local credit union and they informed me that my score is a 640 TU score... However, CK is stating 577.. Which one is accurate? I will be pulling my scores and reports to see how First Premier is reporting. 2. As I mentioned my Cap 1 just came in the mail with a $200 limit. How should I use it to show activity? Charge $2 then pay it off??? 3. How can I get my other 2 CO to work with me (Macy's and Victoria's Secret)? As always your help and advice is thoroughly appreciated!

Hi guys, I went through a rough patch a few years ago. I now have a good job and I'm trying to do something with my life, but we all know credit can help with that. My credit score is in the high 600's, which is surprising to me considering I have two charged off Bank of America credit cards. I had a failed business and got a bit in over my head in my late 20's. Anyway, a couple of years later (now) I'm trying to simply figure out who to contact to see if I can negotiation whatever type of settlement might get them to delete the charge off from my credit report (or whatever other bone they might agree to throw me to pay these accounts, finally). Whatever I can do to help my credit score... I tried calling Bank of America, who held both credit cards. After spending 30 minutes on the phone, I ended up with some guy's voicemail that literally told me "If you have a charged off credit card, do not leave a message, but call the number found on your documentation." Well, it's two years later, I don't have any documentation. So, I left a voicemail explaining that, but I don't expect a call back... Any advice? Also, I know that at least one of the accounts has a collection agency trying to collect. However, I'm hoping to go to the source in order to have a better chance having my credit report cleaned off. My credit report shows Bank of America on both charged off accounts, with balances, and does not list a collection agency. That means that while it's been sent to collections, the debt hasn't been sold, correct? That means I'm calling the right place, as far as I can tell? -Z

I presently have two charge off's on my credit file that I want to address- goal is to become mortgageable in about 10 months. Capital One- $1600: On this one, I presently have two open cards with Cap 1 as part of my rebuilding process, a secured that I put $500 into and they CLI'd me up to $800 a couple months ago and a Quicksilver with a measly $300 limit. I will have the money to pay this in full next month, but from my research Cap 1 is apparently not very willing to PFD. Anyone have success as a current customer? Or I've read a bit about having them reopen the account but from what I gathered this may not/likely wont reopen the original account, therefore leaving the original tradeline in tact? If anyone has any experience in that, thoughts would be appreciated. First Premier- $480: Again, from my research they seem unwilling to PFD, but if anyone has had experience to the contrary, would love to hear about it. My question with this one is, on my Equifax and Experian reports, it only lists 90 days of delinquency then charge off. I'm locked out of TU currently so I cant check there. I thought an account had to be 120 days past due before being charged off? Any options with their incorrect reporting?

Ok, I am getting down to the brass knuckles.. Have three stubborn OC chargeoffs from 2008/9, one paid in settlement to a CA, the other 2 no DoV from Collector/JDB... I believe that prior validation to the CRA Experian was cursory, at best. I know that one account originated from an early 2000's purchase of Wells Fargo credit card that I would doubt that they have a copy of ten years after the bulk purchase. My question is, what are the total lines of information in an experian CRA TL and which lines are they required to fill out- ALL??? for example, it does not list a line for date of first delinquency, does not list dates of chargeoffs, last activity, amount of last payment, etc. Is there an open field of lines where I can request that that be filled in, hoping of course that they won't be able to , and if they cannot do it, can I request removal? What is the remedy to a 623 that they cannot answer in full... are they obliged to have a copy of the credit agreement if they write in when the account was opened? should recent balance reflect the charge off date and balance? so many fields say not reported or they are missing entirely (such as to who the account was sold, etc)... can I send them a laundry list of information that I have since I am a compulsive saver of paper that they might not have( date of last payment and amount, for example)

I pulled a 3-in-1 credit report provided by Experian. I can't believe it! Citi Auto keeps moving back the dates on my loan so it will never fall off my credit! The truck I bought was charged off and repossessed. My best guess is that I stopped paying around 2005, it was charged off in 2006, and was repossessed in 2009. I *think* that the history is based on the last payment I made in 2005 or the charge-off in 2006. I don't have any of the paperwork on the truck or a payment register. As far as I can tell, Citi Auto and CitiFinancial Auto are the same company. Whatever the name, they went out of business in 2010. The phone number and address on my credit report are no longer valid/working. Is the date I should be concerned with the last payment, the charge-off, or the repossession? Is there a legal record or something else I can pull to dispute the dates that the creditor is providing to Experian/Equifax/TransUnion? Any advice you can provide will be appreciated. Thanks.

Hi CB. I need some help with Green Tree. So far, I've opted out and removed all old addresses from the 3 CRAs. Then I DV'd Green Tree over a foreclosed property I owned. Green Tree responded by sending me a copy of the OC's contract. I then proceeded to DV them again and enclosed a copy of my complaint with their State's AG's office. Now, I'm just planning my next move if this doesn't work out in my favor. Some additional facts are: 1. Past SOL for CA 2. C/O only shows on EQ and TU 3. The original loan was acquired by GT 4. OC does not show on any CRs 5. DOFD does not reflect on any CR I have hard copies of my CRs in front of me and can answer most questions. I may be slow with any questions containing acronyms. Sorry. I'm just slow. Any help would be greatly appreciated.

FHA greenhorn here in the midst of credit repair. I'm curious if my wife and I should start the FHA loan process or sit tight a year and give it a go next spring. Here's my scenario: -applying alone (wife only makes $20k a year and has signif. student loan debt) -fico: equifax 600 trans 594 experian 624 - my income 50k/yr ( have made this steadily for 4 years but recently was offered a new job that paid a little better so I took it. I've been employed for 4 months at new job. have bachelors degree) - my DTI 16% (fed loans of 60k and 1.5k in cc debt at about 8% util. Just paid all off this month from 65% util) - 19k of charged of private loan debt that was sent to collections and is now back to OC. Debt has been idle for 1 year. I have the money together to settle most of the private loan debt (15k worth) and intend to do so before September, OC made an offer which I verbally accepted. The remainder of the baddie I should have paid off by spring. I post this thread for two reasons: 1. I read some threads here from FHA applicants stating charge offs typically aren't considered into DTI ratio and factored little to none into approval process with some lenders, which makes me wonder if we should start the application process now as I know it will take quite a while. 2. I'd rather get honest experienced input from this excellent forum than waste the energy with a lender if we won't quite be ready financially until next spring.

Hey Everyone, I could really use your help on my DH's report. He finally realized that avoidance doesn't solve problems. So we are tying to get things in order and fortunately, it's not as bad as I thought. I've sent in and called to get all the old addresses removed. Because he was in the Navy, it was a LOT! I got a copy of the reports and this is what is listed. I also diputed them after getting address removed and they were verified, so what's next? I've read through the info and i'm thinking I should send a verification letter to the CA, but I wanted to get some thoughts on what I should do before I proceed. Experian: 2 collections less than 300 from about 3 years ago. (old Comcast utilitlies before we got married) 1 apartment collection almost 5000 from about 3 years ago - He says this is inacurrate because he had finished the lease, so there's no way he owes them that much for repairs (no pets and very clean) Equifax - most intense 1 Auto Charge Off $6000 1st delinquency is 03/09 which is inaccurate, he said he never paid after the first month because the motor blew after the first month (some buy here pay here place) 3 Ga Power Collections each less than 200 2 apartment collections - 1 Is on Experian, the other is from 2 years ago right before we moved together, someone broke into the apt and the landlord told him he could move if he'd like 2 Comcast Utitlities 1 Medical Collection - going to attempt Why Chat's method TransUnion 2 Comcast collections 1 medical collection $300 (same as Equifax) 1 apartment that's on the other 2

Hello, Newbie here and excited to find such a helpful and vast forum site on all things credit! Anyway, I've recently decided its time to start fixing my poor credit that has largely been caused by credit cards used in my early 20's and a private student loan balance that ended up going to collections. My private loan debt is $19k and credit cards are $7k (recently paid down from 12k) I'm a recent college graduate (2010) and was lucky enough to get a good job right out of college. I just got a new job 3 months ago that pays even better than my old one which coupled with having a newborn son, has inspired me to get my credit back on track as soon as I'm able. I recently sold some assets and have managed to scrape together $7k I'd like to use to jump start my credit road to recovery. So my question is, which is a better decision in repairing my credit. Settling my student loan debt (which after speaking with a local debt settlement attorney should be possible, at least on the 15k loandisbursement debt. The remaining disbursements a are small adding up to the 19k). Or payoff all my credit cards in full and shut them down. Obviously I'm kind of leaning towards the loan settlement option as that is what's most detrimental to my credit, considering the credit cards are not in default. But I also wonder if paying off the credit cards will not only immediately improve the look of my credit report, but also will allow me to use those would be monthly payments to get the 19k debt paid off in 2-3 years. That way I could also avoid the painful debt settlement smear on my credit report. But is the damage already done in that regard, due to the default? I should also note that my primary goal is to purchase a house soon, but I know that will be challenging with my private loan problem. My choice in this matter will be heavily swayed by the ability to obtain a home loan hopefully sometime in the next 5 years. Just looking for some experience and insight on my predicament and I thank all in advance.

Hello All, I am new to the boards. I have 3 charge offs (First Premier, Macys and Victorias Secret) that are less than $1000 and my credit score is about a 570. On my credit report they are not listed under collections; but as the original creditor. I'm confused, I've been really researching, should I send a debt validation letter or a pay for delete? Because they are charged off, who should I call or write?... The CC company or collection agency? Also do you think I should get a secured Capital One credit card in the mean time to help build my credit back up? I'm trying to apply for a mortgage and I know my score is no-where near getting approved. Please help!!! Thank you so much!

Long story short I foreclosed was finallized and sold in 2008. I had 2 mortgages one from US bank and the other from Bank of America. They were both listed as charged off in 2008 and are set to fall off this year as sol in my state is 6 years. Will I see a bump in my score at all once both of these mortgages fall off? These are not my oldest tradelines either. I understand that 35% of a fico score is made up of making payments on time. Once these fall off that only leaves 1 thing negative on my credit to clean up yet.

Hello All, I am new to this forum. I need some help, I've had Lexington Law for a couple months and seen no improvements on my charge offs...Time to take matters in my own hands. I have 3 charge offs that are less than $1000 and my credit score is about a 530. People with car repossessions and bankruptcies probably have a higher score than me. Why are three little things destroying my score?????? I need help on what to do about the charge offs and also if I should get a secured Capital One credit card in the mean time to help build my credit back up. I appreciate your help!

Hello from a newbie, I was unemployed last year for almost half a year, and let a Kay Jeweler's account go delinquent after November. First off, I take full responsibility for this, and it should never have gotten this far. However, it was a $2500 debt that, with interest, is higher. Today, I received a credit monitoring alert that it went into chargeoff status. I have not received any communication from them (and don't expect any until the mid-end of the week?), but... What are the odds of a settlement offer from them? I want to pay it, but need to make payments. At this point, this is my only delinquent account, so I guess I'll take the credit hit as a tough life lesson...but my concern is a garnishment/court action - that is what I DON'T want, obviously. Thoughts? Thanks