Not going to get into details, but I’ve probably got one of the lowest credit scores that has posted here in the last few years or so. Had a few issues on the personal front, got help with that (going slow as it is a certain goverment agency,) and looking to try to rebuild my credit.
6 derogatory on my credit report (1-2k, 5- 1400 combined)
3 on-time and ongoing reporters to credit report (Telenet)
Very low credit score
1 derogatory- not sure what I can do as the debt is truly invalid, but the situation is messed up as I was withdrawn from classes due to medical issues, that was accepted by the school at the time due to the severity of the issue, then 3 years later they’re trying to say I was never medically withdrawn even though the student loan handler and the goverment agencies job retraining program have me marked as medically withdrawn and their paperwork shows accepted by facility but no paperwork from that facility acknowledging it.
5 derogatorily- valid debt as they happened during my medical issues, but was unable to pay. The goverment agency that is treating me has placed me on pension due to not being able to work and is in the process of a disability review for both them and SSDI. Not sure how to go about paying them as the companies were extremely hostile to me when I tried to contact them as they wanted full information and payment on the spot which can’t happen at the moment. I don’t have the mental or physical ability to put up with their abuse if I have to contact them again. I’d like to set them up on payment arrangements (preferred) or pay them off. I saw advice on here to get them to promise (in writing) to remove the report when payment is made, but not sure if that will happen based on my previous attempt to contact them.
3 on time payment reports- payments actually deferred by Telenet due to medical and financial issues and they have worked with me on filing student loan forgiveness with federal goverment and awaiting decision.
Pretty much all the items showing up on my credit report that I can see on the summary that I pulled up here. Haven’t been able to pull up my annual free credit reports as it errors out on security questions.
My tentative plans for now:
Try to figure out a way to work with the 5 derogatory collection agencies- not sure how based on the last time I contacted them. I expected maybe 1 or two hostile at most, but all 5 was not something I expected…
Take out 1 or 2 secured credit cards for $200 each, spend around $200 a month (split between the cards) and pay off half to maintain a balance but keep the amount I owe at low level. If there is any better advice, please share as trying to rebuild credit is new to me.
Person I’m currently renting apartment from is willing to sell me a car at 0% interest, and as he has a used car dealership as well as his rental units, is willing to “direct finance” the vehicle and report it to all 3 credit agencies as he and his wife have been helping me through my issues. It won’t be an expensive vehicle, but as I do work for him (on his properties as I’m not allowed to work) with light duties, he made the offer that I continue to do that in lieu of payment.
Not working at the moment and can’t get hired as my previous employer still has me listed as on medical leave and won’t allow me to work until the goverment agency overseeing my medical care releases me to go back to work. Got released to go back twice and both times I ended up in worse shape. Other companies won’t hire because of that medical leave issue. And I can’t quit as the goverment agency tells me I would have to reapply for pension and possibly re-pay the previous pension payments before it is approved… So earning $1,097 a month on pension and it is being raised to the full $1,300 a month in January.