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Fixing credit journey


needbizcredit2006
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The last post in this topic was posted 819 days ago. 

 

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I need to fix my credit. It tanked back in 2019. I haven't tried to fix it yet 

 

4 collections with PRA from Synchrony accounts. 

$1800, $4500, $1680, and $1200

 

Midland Collection from Synchrony 4500

 

3 charge offs Navy Fed

 

2 more charge offs with Synchrony $11k and $5k I don't know which debt collector has those two.

 

What do I tackle first? Need some more business equipment and have exhausted the biz credit no pg. I need to start signing for some equipment because I am in a capital intensive business.

 

Fico 9 scores in mid to high 500's

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With no money to pay, your best hope is that there is something wrong with the way the accounts are reporting, and you write a detailed letter to the CRAs with what is wrong, and hope they get deleted.  This may or may not work, and may or may not occur in 30 days.  You would have to find errors with both the collection agency reporting and the original creditor reporting.  However, a quick google search shows the SOL for Virginia is 5 years, and so writing dispute letters may have unintended consequences.  

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  • 8 months later...

Hi Needbiz!

 

If you can afford to settle with PRA, their policy is to remove their collections notations from your reports. In my experience, it was in the next reporting cycle, pretty quick. That would be four in one fell swoop.

 

Xo, Ag

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  • 2 weeks later...

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