Mortgage and Insurance

Hello,

 

After doing quite a bit of reading and searching I decided to finally bite the bullet and get started fixing my credit. I think i have a general idea of how to proceed but figured i would post my situation just in case someone had some specific insight.

 

Last year around June I lost my job and circumstances pretty much forced me out of contact with anybody by mail or phone. During that time my 3 credit cards 2 unsecured and one secured card went late then got charged off.

 

What is on my credit reports:

 

Wells fargo Dealer Services/ Wachovia Dealer Servies

Current Status: PAYS AS

AGREED

Account Owner: Joint Account High Credit: $13,886

Type of Account : Installment Credit Limit:

Term Duration: 72 Months Terms Frequency: Monthly (due

every month)

Date Opened: 04/2008 Balance: $10,192

Date Reported: 06/2010 Amount Past Due:

Date of Last Payment: 04/2010 Actual Payment Amount:

Scheduled Payment Amount: $265

 

This loan never went deliquent, my father paid it during my absence

 

Capital One:

Current Status: CHARGE-OFF

Account Owner: Individual Account. High Credit:

Type of Account : Revolving Credit Limit: $750

Term Duration: Terms Frequency: Monthly (due

every month)

Date Opened: 04/2008 Balance: $1,454

Date Reported: 07/2010 Amount Past Due: $1,454

Date of Last Payment: 06/2009 Actual Payment Amount:

Scheduled Payment Amount: Date of Last Activity: N/A

Date Major Delinquency First Reported: 03/2010

 

Wells Fargo Secured Card:

Current Status: CHARGE-OFF

Account Owner: Individual Account. High Credit:

Type of Account : Revolving Credit Limit: $300

Term Duration: Terms Frequency: Monthly (due

every month)

Date Opened: 08/2006 Balance: $288

Date Reported: 06/2010 Amount Past Due: $288

Date of Last Payment: 06/2009 Actual Payment Amount:

Scheduled Payment Amount: Date of Last Activity: N/A

Date Major Delinquency First Reported: 12/2009

 

First Premier:

Current Status: CHARGE-OFF

Account Owner: Individual Account. High Credit:

Type of Account : Revolving Credit Limit: $300

Term Duration: Terms Frequency:

Date Opened: 06/2009 Balance: $516

Date Reported: 01/2010 Amount Past Due: $516

Date of Last Payment: Actual Payment Amount:

Scheduled Payment Amount: Date of Last Activity: N/A

Date Major Delinquency First

Reported:

11/2009

 

All of these cards had perfect records prior to June/09 Never Late/Never Overlimit. The Auto Loan has never been late in the 26 months of its history.

I have the cash to pay all of these accounts in full, I don’t believe that any of them have gone to collections yet.

What I’m fuzzy on is the steps, do I pay in full than send a GW asking for a better status. Do I start with a DV even though they are all definately my debts? Or do I start with a PFD?

The SoL in my state is 7 years.

That auto loan may end being paid off here shortly as it the truck it was on was wrecked and most likely is going to be totalled out. I would like to be able to get another Auto Loan sometime around the end of this year, i’m not sure if that’ll be posible with these credit cards not dealt with.

Any assistance would be greatly apprecieated.

Thanks