Help! new user here and trying to rebuild my credit! Late payments question.

[rawdenim]

Hello out there!

 

I have been reading this forum and I started to finally take the plunge in repairing my credit. I have some general question for you guys out there...

 

I have a 90-60-30 day late from JUN-MAY-APR OF 2008 and a 150-120-90-60-30 from NOV-OCT-SEP-AUG-JUL of 2007. I understand that they will soon come off my credit report but I would like to get rid of them sooner than later as I am looking to get the best rates for a mortgage.

 

1. Should I attempt to remove the 150/120/90 day late first? And how will removing that impact my credit score since it happened so long ago?

2. When I dispute this with the CA, should I dispute one at a time? For instance, should I dispute the 150 day late first or would you recommend grouping the lates together? And if so, do one set of lates then dispute the other set?

3. Since this is my longest TL... I do not want the entire TL to do deleted. If I dispute these lates, will the CA (bank of america) delete this TL? Or if they cannot verify the information in 30 days, will the lates turn into 'OK'?

4. Would you attempt to dispute the 90-60-30 set to expire in 2015 or the 150-120-90-60-30 set to expire later this year?

 

This entire process seems intimidating but I have read so many success stories and I am determined to raise my credit score! I was young and stupid when I applied for this credit card when I was in school. I did not realize the impact of those mistakes I made back in the day.

 

Thanks for any help you guys can provide!!!

[shifter]

Any success you have will almost certainly result in the entire TL being deleted.

[rawdenim]

yeah I was thinking of that but I am confused since this is my longest TL. I was thinking if I could just have them disputed and in turn hopefully turn this into a positive long standing TL? Thoughts?

 

Also, if I dispute... will the CA show this as being good? I'm confused if they would mark this as 'OK' in the credit report or something like 'ND' for no data