I am trying to get approved for a mortagage loan and need to repair my credit score asap. 2 years ago I separated from my husband and ran up my 3 credit cards. 2 were never late but the balances were near the limits (basically maxed out) and I was making minimum payments. I just paid down those credit card balances (but left the accounts open). I was told this will help my score.
The third card I defaulted on Original Creditor (Chase/$3000.) showing on credit reports as "180+days late / charge off" Chase sold the account to MCM collection agency and they are reporting "account in collections" for the same account. Yesterday I received a letter from a law firm (pressler & pressler llc ) that states MCM has placed the account with their firm for collection.
I have the money to pay this debt. However (as I read on this site) Chase will not deal with me. I dont know who to contact....MCM or the Lawyers?
Also I have read about pay for delete and/or how to negociate the best credit reporting possible. I guess my question is if I pay the CA or Lawyer can I still negociate credit reporting terms with Chase? If so do I call them before or after I pay the CA?
Any tips on how to do clean up this mess in a way that will help my credit score would be greatly appreciated.