Needing Direction

[ImStartingOverAgain]

First, I would like to thank everyone here for sharing your wealth of information. I just signed up a few days ago and have been lurking for about 2 weeks.

 

A little about me. I walked away from everything approximately 6 years ago in order to leave an abusive relationship. I had a house, a car, a few credit cards and a few other outstanding bills. I knew my credit was going to be trashed, but I didn't much care. I have essentially been living without any credit since then. A few weeks ago, I decided to try and rebuild my credit and that is how I ended up here.

 

I have been reading the newbie section and I will admit that I am overwhelmed. I have started by trying to delete my old addresses and by opting out.

 

I am content to let most of my old debt fall off of my report. No one is trying to actively collect from me at the moment and I can easily wait as things will start dropping by this coming March (2015) and most should be off by July (2015). I do have a Midland collection that I am confused about how to proceed. It is scheduled to fall off in November of 2016. The original debtor was TMobile and the amount is $357. The statue of limitations for open ended accounts in my state is 3 years. But for written contracts is 10 years. I can't find clear information about how my TMobile account is classified.

 

Any ideas about how to handle this? Should I ignore it and wait for it to fall off? Should I make an attempt to get it off of my report? I can't tell if this is still within the SOL or if I am safe from that now. I was hoping to have my credit cleaned up enough by mid 2015 to purchase a small starter home for me and my kids.

 

The only report I have pulled so far is Experian. Credit Karma says I have a score of 580 and that is with the record of a foreclosed home, repossessed vehicle and several charged off credit cards and utilities.

 

I hope that I am posting this in the right place and that you will offer some advise as what the best course of action might be.

[cv91915]

Bump

[Mustard on Fries]

You may have some luck deleting the 2015 stuff. You could dispute as obsolete.

 

If it were me, I would just let them fall. That's what I am doing. My last few baddies on schedule to all fall off within the next six to eight months.

 

BTW, CreditKarma is TransUnion.... so if you already had your Experian report, you also now have your TransUnion report. ;-)

[LKH]

You may have some luck deleting the 2015 stuff. You could dispute as obsolete.

 

If it were me, I would just let them fall. That's what I am doing. My last few baddies on schedule to all fall off within the next six to eight months.

 

BTW, CreditKarma is TransUnion.... so if you already had your Experian report, you also now have your TransUnion report. ;-)

When in credit repair mode, always, ALWAYS, get your reports directly from each CRA. Not CreditKarma or Quizzle or any other reseller.

[mizliz1011]

If you are able to do so, get a State Dept Federal Credit Union account (if your checking accounts/ Chex) is clean because they do not hard pull... Open a secured credit card and pay if off in full each month. I would start building a file for the future. If you have tax liens it will be harder but you should start building a little to anticipate having a file to work off of when it falls off. Good luck. don't get "toy" cards, btw.

[mizliz1011]

BTW, if Tmobile is on EX, EX publishes the dropoff date on the accounts. The other CRA's will tell you over the phone.

[ImStartingOverAgain]

You may have some luck deleting the 2015 stuff. You could dispute as obsolete.

 

If it were me, I would just let them fall. That's what I am doing. My last few baddies on schedule to all fall off within the next six to eight months.

 

BTW, CreditKarma is TransUnion.... so if you already had your Experian report, you also now have your TransUnion report. ;-)

Should I also let the Midland fall off? That is not until 2016, or should I attempt to have it removed? Do you know if a phone bill is considered an open account or written contract?

 

Thanks.

[ImStartingOverAgain]

If you are able to do so, get a State Dept Federal Credit Union account (if your checking accounts/ Chex) is clean because they do not hard pull... Open a secured credit card and pay if off in full each month. I would start building a file for the future. If you have tax liens it will be harder but you should start building a little to anticipate having a file to work off of when it falls off. Good luck. don't get "toy" cards, btw.

Great advice. I will look into opening a credit union account. I have never written a bad check (I just stopped writing checks when I no longer had access to the bank account). Is that what you mean?

 

I do have one tax lien. I haven't read enough about that yet to know what I should do about it.

 

Also in response to your other reply, T Mobile is not on my credit report. Only Midland is. I just checked and it says that Midland will drop off Feb 2018. This is the one that confuses me the most. Do I just leave it alone? I don't wan't to be sued but I can't figure out the SOL on this. 3 Years/open accounts and 10 years for contracts. I just don't know what it would be classified at.

[ImStartingOverAgain]

bump Can anyone offer advice about my Midland issue? Should I request verification? or lie low? It won't fall off until Feb 2018.

[ICANHASMUNY?]

what state are you in, when was the DOFD on the original account?