Developing a Credit Repair Plan (Long Post!)

[lilacbouquet]

I've been a member for a little while, and I've gotten some great advice on individual issues, but I'd love to get some feedback on how I plan to approach repairing my credit. I am completely committed to doing the work and spending money for pay for deletes -- I know it will be worth it to improve my score.

I plan to buy a house in two to three years, so I do have a nice chunk of time to do the work.

Current Scores:

Experian: 576

TransUnion: 630

Equifax: 578

TransUnion

TU doesn't have too much reported vs. Equifax and Experian (hence the higher score).

One of the adverse accounts is a student loan that was in default in 2007. I did a rehab plan successfully and then consolidated my loans. I assume there's no way to get the adverse info removed since they can report it for 7 years. It does show up as "paid or paying as agreed," but it is still listed as an adverse account. Unfortunately, since you take out a new loan every semester, the negative info appears as five different items. Is there anything I can do about this?

There are a few medical items that I plan to pay in exchange for them deleting the info. The total is $4,286, but just one of the items is over $2,500 (uninsured emergency room visit). So, I plan to do pay for deletes with the smallest items first and sock away money to pay off the biggest debt later. They will be out of SOL in March 2013, so I guess I should wait until then to offer to pay for delete? I am not sure how that works.

I have two items that are out of the SOL (both medical debts). They are scheduled to fall off in 12/2012, so I think I am just going to bide my time and let them fall off naturally. I'd rather spend time and money on stuff from 2007 to 2011, as this is the stuff that is really hurting my scores.

There is a debt for $6,041 that I feel I do not owe (I disputed it, but it came back as verified). That is scheduled to fall off in 11/2012, so I am going to let it fall off naturally.

There is one item for $153 for a CA collecting for Verizon Wireless. This is supposed to fall off of my report in 8/2012, so I plan to just let it fall off naturally.

There is one more debt from a CA for $138. I plan to do a pay for delete on this one.

Equifax

Equifax shows the same student loan items as TU, but TU shows them as "paid or paying as agreed" and Equifax shows them as "120+ days past due." Those were the loans I consolidated, so my balance with the original creditor is $0. Is there any way to dispute the status?

There is a tradeline for an ambulance ride from 2009 ($983). Since the SOL in my state is four years, I assume it would be best to do a pay for delete with this account?

There is an item from a collection agency for $275 (medical), but the DOFD is 7/2005, so I think I am just going to wait a few months and let it fall off.

The other items on my Equifax report are the same as the ones from TU.

Experian

I just received an Experian alert that a company I have never heard of added negative info to my report. Since this is the first I am hearing of it, I just printed up a debt validation letter and will send it certified on Monday.

This report also contains an account that should have fallen off my report already. My DOFD was 9/2004, but this report says it is scheduled to continue on record until July 2013. I am going to dispute this.

This report has the same medical debts and education loans as TU.

There is one item for $83, which I plan to do a pay for delete on.

The funny thing is, the $275 debt that is on my Equifax report is also on my Experian report, but Experian says it is only scheduled to continue on record until April 2012. So I'll just wait for this to fall off.

This report also contains a Perkins loan that I did not pay. I actually thought it was included with my consolidated loans, but it turns out it was not. I worked with the collections rep at the college and applied to consolidate my loans again, this time with the Perkins loan included. I think the lady would be willing to change the status on this to "pays as agreed." She said she wishes every student was like me because I have kept her apprised of all info related to the loan. She even canceled the collection fees on my account because she was so impressed that I was on top of things. So I might write a goodwill letter and ask her to change the status on the account.

So, am I on the right track? Is there anything in my plan that could hurt me? Does anyone have any suggestions?

Edited to add: Sorry that I have so many questions. I wanted to read through old posts, but when I click beyond page 1, the forum takes me back to the main list of forums. I can't access anything beyond the first page.

Edited March 24, 2012 by lilacbouquet