Need "strategy" opinions...
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Posted by learnmore
(68.84.138.221) on November 12, 2002 at 23:52:35:
I'm kind of stuck wondering what to do here so I thought I'd ask for your opinions. Here's the deal. 4 cc (MBNA, Chase, Wachovia, First USA) each with nasty lates from '99-01 (avg of "6x 30 days, 4x 60, 7x 90" on each) they are all "closed by credit grantor" and are being paid through CCCS. HOWEVER, none are reporting that way. Each account still has about $7K left to pay off. Now, the dilemma is the best strategy to get lates off. I'm thinking "goodwill" might be stretching it a bit. I've asked over the phone but no dice. We have a plan to pay all off by March. Do I try to "reinstate" a couple of the accounts to keep "age of accts" factor positive (they were all opened 94-96)? Do I just let them close out upon payoff and try to dispute the lates after they are no longer reporting? I really haven't done too much proding with these accounts because I figure I don't have any leverage at this point with hefty balances, nasty lates and being on CCCS. Which is the best route to go??? Thanks in advance for advice.
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