I was laid off for many almost 8 months, ending just over a year ago. We were forced to concentrate our savings on covering essentials like our mortgage, utilities and groceries. As a result, virtually all of my previously existing accounts are in various states of negative status. They total about $27,000 (excluding my mortgage) across 10 accounts. 6 of those are charge offs, the remainder show severe late status.
I'm finally back on my feet and am looking to start rebuilding my credit. To that end, I pulled my credit reports and got my EQ Fico score from myFico. To my horror, it has dropped to 492 from the just over 800 it was a couple of years ago when I bought a car. My own mom wouldn't loan me money with that. ;)
My question is this: I know how I'm going to attack the charge offs - I'm going to offer pay for removal and see what happens - but I'm not sure what I can do with the accounts that didn't charge the debt off. A couple of them don't even have me in their collections department since I've been paying them recently. Is there any way to get them to change what they are reporting? Can I offer them higher monthly installments if they will remove the references to late pays? Can I offer them a lump-sum to remove it as I would the charge-offs even though it isn't in collections? Well, I know I can *offer* them anything, so I guess what I'm asking is has anyone had any success improving these sort of negative accounts short of just keeping on paying and letting them age off?
I have lots of good history in my report - including 10 years of on-time mortgage payments, 2 paid off car loans, and a number of revolving accounts that I'd payed off and closed not long before finding myself jobless - so I feel like my score would rise dramatically if I could just put lipstick on some of these pigs. :)
Any advice would be greatly appreciated.