topic Re: Slow but steady wins the race in Rebuilding Your Credit

Slow but steady wins the race

irishpassion9702 — Fri, 12 Oct 2012 12:23:05 GMT

I am so thankful for all of the information I have learned here. I started off with 4 baddies on my CR and have since PIF on all of them. Once those updated my TU Fico score went from a 622 to a 659 which is not great, but it's a start. Since then I was added on as an authorized user to a CC with a limit of $700 with a UTI of 8% as of yesterday and I also am a joint account on our auto loan. I only had 1 hard inquiry on my CR that is due to fall of in Dec 2012. Well this morning I decided to go ahead and give USAA Rewards Card a shot and applied not expecting to see what I wanted. Well imagine the shock and grin on my face when they approved me for a CC with a limit of $1500. I know it's not huge, but I'm not looking for huge, I'm looking for the overall rewards by going slow and building myself back up. We are not looking to purchase a home until we get to our next assignment in 2 years, so I know that if I keep up the good work, we should have no problems of attaining that goal. Thank you to everyone who contributes here on a daily basis, your experiences and knowledge and helped me so much!

Re: Slow but steady wins the race

hoping2rebuild — Fri, 12 Oct 2012 12:41:32 GMT

Congrats

Re: Slow but steady wins the race

Shogun — Fri, 12 Oct 2012 13:10:04 GMT

Congrats! Love seeing those success stories in the mornings. Keep building and best of luck to you!

Re: Slow but steady wins the race

novabama — Fri, 12 Oct 2012 13:39:17 GMT

Awesome for you! I just joined USAA and am happy about it! Do you mind if I ask if you like them? I plan to go for their secured card in Dec or January and after a few months apply for a regular CC with them.

Congrats!

Re: Slow but steady wins the race

irishpassion9702 — Fri, 12 Oct 2012 13:52:09 GMT

Thanks Shogun, it has done wonders for my mood today as well :)

@NovaBama, I love USAA. We use them for our savings/checking/insurance and auto loan. Their customer service is amazing as well, they have always made me feel important and respected as a member. For them to approve me with a 9.9% with my low TU Fico score of 659, they are my best friends now. We plan on using them once we go to buy our house in a few years.

Re: Slow but steady wins the race

TheConductor — Fri, 12 Oct 2012 14:08:55 GMT

Congrats on the new card, and kudos to you for your patience and positive attitude as you are rebuilding!

Slow and steady is just the nature of the beast with credit rebuilding, so you are coming at it with the right mindset and as you can see you are already reaping the rewards.

Way to go!!

Re: Slow but steady wins the race

Tay09 — Fri, 12 Oct 2012 14:18:01 GMT

Congrats!!

Re: Slow but steady wins the race

irishpassion9702 — Fri, 12 Oct 2012 14:50:08 GMT

Thanks TheConductor. It took me a while to get myself into the mess and I sure did not go into cleaning up my mess with any "rose colored" glasses on, so that has helped out. I avoided working on my credit for years, but just got tired of the CA's calling and decided I needed to take control of my situation and correct my past mistakes. It's now turned into a mission for me. My goal is to at least be at 750 across the board in 2+ years when we get to our next base and start the process of buying a home. I'm hoping for an easy first home buying experience with as little stress as possible. We qualifu for the VA loan so just making sure all our ducks will be in a row at that point!

Re: Slow but steady wins the race

TheConductor — Fri, 12 Oct 2012 16:55:51 GMT

Haha, you picked the right avatar then! One duck down, now you just need the others to line up behind that guy. :)

Re: Slow but steady wins the race

irishpassion9702 — Fri, 12 Oct 2012 23:20:51 GMT

Lol, I didn't even notice the relevance until you pointed it out, that's too funny!

Re: Slow but steady wins the race

Cadillac-XTS — Sun, 14 Oct 2012 13:54:51 GMT

Congrats

Re: Slow but steady wins the race

tinuviel — Sun, 14 Oct 2012 15:58:55 GMT

irishpassion9702 wrote:
Lol, I didn't even notice the relevance until you pointed it out, that's too funny!

Congratulations on your new card -- great progress!

I used this in one of my posts a while back, and I thought that you might appreciate it : :)

Re: Slow but steady wins the race

irishpassion9702 — Sun, 14 Oct 2012 16:52:50 GMT

I love it and how true is that saying :) I tell you the support on this group is just amazing, and I thank you all for the amazing support and advice!