@Dustink wrote:
This chart is from credit karma, but it still paints a pretty good picture. My credit score prior to joining the board in October of 2012 was 744. By November I managed to app it down to 668.
Thats a big drop!!! Well you did nab some pretty good cards!!!
And this is a CK score which is worthless.
In all honesty dont you think what you have accomplished is by far worth the drop in (temporary) score? You have numerous credit cards with high limits, especially if you are factoring your age. You have a pretty sweet ride with a 0% auto loan. These things any number of people on this board would tade 100 pts of credit to obtain. Prior to joining this board you undertook very beneficial credit practices that enabled you to reap the rewards today and I commend you for that. IMO credit scores are meaningless. The ability to obtain credit and strengthen your financial position is priceless, however if you obtain financial well-being it wouldnt matter if your scores were 500 or 850. So once you get the mortgage, to hell with your score!
Keep at it OP 
) //CK:692, Sesame:656
@Default4 wrote:CK seems to bounce back right at the six month mark when it comes to new accounts. I wouldn't worry so much. It is just a FAKO...
The problem is I do think I can go 6 months without obtaining a new account.
@ImprovingYouth wrote:In all honesty dont you think what you have accomplished is by far worth the drop in (temporary) score? You have numerous credit cards with high limits, especially if you are factoring your age. You have a pretty sweet ride with a 0% auto loan. These things any number of people on this board would tade 100 pts of credit to obtain. Prior to joining this board you undertook very beneficial credit practices that enabled you to reap the rewards today and I commend you for that. IMO credit scores are meaningless. The ability to obtain credit and strengthen your financial position is priceless, however if you obtain financial well-being it wouldnt matter if your scores were 500 or 850. So once you get the mortgage, to hell with your score!
Keep at it OP
Yeah, I guess it was worth the score drop. I think I had about a year of credit history when I joined the forum. I think it was the short history that made the drop so significant. I would also agree that in a sense credit scores are meaningless. What is important is the larger financial picture.
The mortgage is an investment property, so it is just one more building block. Hopefully, I can buy the house in a year or so. Need to get that auto loan paid off ASAP.
@zeusta20
It was 37 points.
It was 37 points.
@Dustink wrote:
@ImprovingYouth wrote:In all honesty dont you think what you have accomplished is by far worth the drop in (temporary) score? You have numerous credit cards with high limits, especially if you are factoring your age. You have a pretty sweet ride with a 0% auto loan. These things any number of people on this board would tade 100 pts of credit to obtain. Prior to joining this board you undertook very beneficial credit practices that enabled you to reap the rewards today and I commend you for that. IMO credit scores are meaningless. The ability to obtain credit and strengthen your financial position is priceless, however if you obtain financial well-being it wouldnt matter if your scores were 500 or 850. So once you get the mortgage, to hell with your score!
Keep at it OP
Yeah, I guess it was worth the score drop. I think I had about a year of credit history when I joined the forum. I think it was the short history that made the drop so significant. I would also agree that in a sense credit scores are meaningless. What is important is the larger financial picture.
The mortgage is an investment property, so it is just one more building block. Hopefully, I can buy the house in a year or so. Need to get that auto loan paid off ASAP.
+1 to ImprovingYouth.
For Dustin...what you've accomplished is no small feat for a 21year old. Yup, you took a hit. We all do at some point in playing this "game". HOWEVER.....given the knowledge you have, the obvious maturity to manage credit well, and (hopefully) the financial wherewithal to continue your journey...just think where you'll be in 2 years...in 5 years...in 10 years. Heck, you'll only be 31 in ten years and you will be GOLDEN!!!
