Just received my credit report-Need major HELP!!

[ML_Curtis]

A couple of years ago, I lost my job and then shortly thereafter everything else-my house, my dignity and my confidence.
After running and ducking for a couple of years I am finally committed to fixing my credit. I just received my credit reports and they are FULL of negatively impacting results.

I am SOOO overwhelmed. All of the negative activity is certainly my fault but I've heard that it may help to dispute everything anyway as a first step.

With so many delinquent items, I don't even know where to start!!!

I've attached what I believe to be my starting place.

Is there anybody out there who can help me???? Please, I am so freaked out here.

Sincerely,

Michael

[Lian]

First, look at your CR in terms of the derogs, and not accounts.

Record each monthly delinquency, by date and level of delinquency (30/60 etc).
Add 7 years to the date of each, and you have the date that it will fall from your CR due to old age, should you do nothing.

Then turn to the charge-offs and collections. List each, but not by any dates related to their reporting. The relevant date you want for each CO and collection is the date you first went into delinquency with the original creditor, and never thereafter brought the OC account back into good standing before the collection of charge-off was reported. That DOFD begins the date of continued inclusion of any charge-off or collection related to that account. Add 7 years plus 180 days to that DOFD, and you know when the CO or collection will fall from your CR due to its old age should you do nothing.

Once you have all those dates, you can determine what derogs are most recent and thus doing the most harm. For those unpaid, are you willing to pay them now if the creditor/debt collector agrees to earlier CR deletion? For those, you might consider sending them a pay-for-deletion (PFD) offer. For those paid, begin sending good-will letters, requesting they be deleted from your CR.

That will give you a starting point to begin to evaluate what to attack, and how to attack it.
For reasons I wont go into now, you should also research the statute of limitations for each debt under your state SOL statute. How you proceed will most likely depend upon whether or not the creditor can still bring legal action.