I just got my husband's credit report yesterday and I'm super motivated to finally improve his credit. Upon investigating the report, I discoved 4 negative accounts with First Premier Bank. Two of the 4 accounts show as paid off and closed, but two show charge offs. Just to give you an idea, the two charge offs are both around $400. They are scheduled to continue until 2022 and 2023 so I definitely want to get that taken care of before. So my question to you is what is the best way to proceed with disputing? My ideas so far:
1) Option 1, starting with a classic debt validation letter for all 4 accounts. To my knowledge the accounts are true but who knows if they can prove it. Also hesitating, if debt validation would work different for paid accounts and charged off accounts. Does having them all with 1 creditor make disputing more difficult? And finally, in your experience when it comes to same creditor, is individual account disputing more succesful or disputing them all at once in the same letter?
2) Option 2, which seems more reasonable to me, is trying to settle with Bank on charged off acounts. I could call and offer 40-80% of whatever the balance in turn for agreeing in writing that the accounts would be marked 'paid as agreed'. Would that mean after the settlement I still need to remove them from the report? Does any of you has advice on settling a balance in turn for removal from credit report? Is it possible that First Premier may only want to negotiate removing 2 charged off accounts upon settlement, leaving the other 2 paid off accounts still in file?
So which option would you choose? I would be very grateful for any advice. So far this forum has been a lifesaver and I am motivated more than ever to sort my husband's credit and move forward with our goals.
*Edited to add that this is First Premier Bank. Reading other people's stories with them they are not easy to settle for pay for delete. Seems like a tough nut to crack. Anybody got experience with First Premier I would appreciate any tips.