PLAN: January 2010

The plan for this month is to get all of the small accounts in some sort of contracted payment situation so they will be removed from our credit completely after being paid in full.  We are sending out letters to 1-10 of the creditors in the snapshot for January asking them to send us a signed agreement to remove their trade lines from our reports in exchange for payment.  This has been a successful technique for many people and we are hoping it will work well for us.

It does not remove a large portion of debt, only about $1500 or so.  But it removes a large number of accounts.  In fact it removes almost half of the negative accounts on our credit.  This will be a good start to all of this.  Once these are done we will focus on the next steps.  We hope to have agreements in hand by the end of January but that depends on how fast they respond to us.  We give them a time limit of ten working days to respond in order for our offer to be valid.

Next month:  We plan to open secured cards, as well as deal with any remaining accounts that have not responded to the initial payment agreements we are sending out.