Old collections - Where do I start?

[dcase]

Ok, so I've been reading through these forums for the past few days and have a ton of new knowledge. I'm still confused on a few things, that's why I'm posting but I'm sure someone can clear it up.

TU
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ANFI - $117 - Posted 05/07
Medical - $649 - Posted 08/05
Medical - $51 - Posted 08/05
Medical - $51 - Posted 00/05
HSBC - $335 - Posted 09/05
Medical - $644 - Posted 09/07
Also, about four "paid collection" accounts.

Equifax
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HSBC - $335 - Posted 10/05
ANFI - $117 - Posted 07/07
Medical - $30 - Posted 11/08
Medical - $2,494 - Posted 11/08
Medical - $51 - Posted 05/05
Medical - $649 - Posted 05/05

Experian
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HSBC - $335 - Posted 2005
Medical - $2,493 - Posted 9/08
Also, a couple "paid collection" accounts.

So, where do I start? As you can see many of these accounts are quite old, and I believe nearing SOL in Wisconsin. The most recent medical accounts are from improper insurance billing, I have since changed health insurance so I'm not sure what can be done there.

Do I wait for SOL on these? Do I send validation letters?

I would really like to purchase a house in the next few months. I'm about 40 points shy of approval.

[Lian]

A suggested initial plan for your CR review. Don't look at your CR in terms of accounts, Look at it in terms of each delinquency and derog in your CR.

Focus first on monthly delinquencies on each OC account.
List each monthly delinquency on each OC account by date and severity (e.g., 30-day late 5/2005; 60-day late 6/2005, etc)

Add 7 years from each individual delinquency, and you have a complete summary of when each monthly delinquency individually drops from your CR.

After doing that, then turn to each charge-off and collection in your CR.
The single date to identify for each CO and CA is the date of first monthly delinquency (DOFD) on the OC account that preceded the CO or CA. Just go back to the list of OC account delinquencies already compiled, and locate that date. Charge-offs and collections can remain in your CR for up to 7 years plus 180-days from that DOFD. Earlier deletion techniques exist, but depend upon the circumstances of each account.

Identity any information that you consider inaccurate, and consider disputing the accuracy of that information by way of one of the two dispute processes under the FDCPA.

For collections, list the date of any collection (dunning) notice sent to you as the base date for sending a debt validation letter.

What to pay first, and how to address offers to pay, depends upon the severity and age of each derog. For each unpaid debt, first determine if the statute of limitations has expired. These have the potential for legal action. They call for priority consideration. A PFD offer on an account that is still within SOL runs a risk of legal action, but runs the benefit of CR deletion. CR repair strategies often don’t have one single answer.