Poking the sleeping bear? (Charge offs)

[whitedawn]

Hi guys. I had some credit problems in 2008, and several credit card accounts all went to charge off at the exact same time. None of them have been able to have a collection agency "stick", but they are all schedule to stay on my reports until August 2015.

 

I am (yet again) rebuilding my credit with the hope of buying a car here in the next 6 months or so.

 

Question: Is there anything I should do with regard to the chargeoffs that seem destined to disappear in two years? Is it worth waking the original creditors?

 

Thanks for any thoughts!

[Sandscrit]

Are these debts past the SOL for your state? Does the OC or a debt buyer own the debt now? How many negative tradelines? Have you read the Psych Doc Seminars and the Why Chat's Credit Confusion?

[iH8cra]

You really need to determine if the debt is time-barred.

[Analysis]

Get hard copies of all three reports through the US Mail.

 

Delete old addresses from each CR.

 

Decide which of those accounts are inside your state's legal SOL.

[ICANHASMUNY?]

soon as you apply for a car loan, the sleeping bears you don't know about could be poked.

 

read the pinned topic " your collection score" ( CA's and JDB's and OC monitor your report just like you do. )

[whitedawn]

Are these debts past the SOL for your state? Does the OC or a debt buyer own the debt now? How many negative tradelines? Have you read the Psych Doc Seminars and the Why Chat's Credit Confusion?

 

No. The SOL in my state is 6 years for every kind of contract action.

 

The only other negatives are a couple of 30 day lates on my student loans.

 

Yes, I've read everything. This is my third (!) trip though this forum since 2006 or so. I get everything cleaned up, and then something bad happens. Working for a better result this time.

[whitedawn]

Get hard copies of all three reports through the US Mail.

 

Delete old addresses from each CR.

 

Decide which of those accounts are inside your state's legal SOL.

 

I have done this. All of these accounts are inside my state's SOL until August 2014.