maryam82 Posted October 20, 2004 Report Share Posted October 20, 2004 hi,i am really new to all this. my credit is soo horrible. i have two charged off accounts. one with citibank and the other with capital one. theyre both about a thousand dollars. what would the next step be? i thought it would be to call them and arrange some kind of payment plan, but i hear people on here talking about validation and other stuff and im just really confused. i would really really appreciate some advice.thanksmaryam Link to comment Share on other sites More sharing options...
Guest jeeptravel Posted October 20, 2004 Report Share Posted October 20, 2004 Others may have better advice for you, because I came here after discharging all dbt through a BK7. I wouldn't recommend that if you only have the $2,000 in Charge Offs.How old are the charge offs? Do you have copies of all three reports? You should get those first for analysis before anything. I would think you'd need to negotiate with the creditors. make sure, in exchange for ytou paying some of what you owe, they agree IN WRITING to change the derogatory on your report to: "PAYS AS AGREED/CURRENT."If you can't get that kind of a deal, you might want to wait for the SOL to run out. I am sure someone more educated in this than me will chime in soon Get those reports though.-JT Link to comment Share on other sites More sharing options...
Ahntara Posted October 20, 2004 Report Share Posted October 20, 2004 More details are needed.Be aware that if you start pulling/getting credit reports, that it might alert these creditors or CA's to you. They may start hounding you if they are not already. Informing yourself is the best thing you can do.Where you go from here will depend upon where you are at to start with. So educate yourself, tread carefully and post again, with as many details as possible when you get updated bureau files. Link to comment Share on other sites More sharing options...
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