06-30-2013 03:12 PM - edited 07-17-2013 11:13 AM
Greetings, fellow credit gardeners! The new month is ready to begin, and so that I don't have to try to post this before I've had a chance to imbibe my morning coffee, I'm starting the thread the evening before the 1st. I hereby convene the July meeting of the myFICO Garden Club.
For those who are new to the concept of gardening, it involves refraining from applying for new credit or seeking CLIs that require hard pulls. Soft pulls CLIs, however, are not only acceptable, but are encouraged. The idea is to allow one's current TLs to grow and mature, waiting for inqs to age or fall off, and possibly waiting for "baddies" to be removed or age off. During this time, one tends to one's current accounts and watches their AAoA grow and the new credit ding fade.
So, if you're at the stage of your credit journey where you're ready to enter the garden, please come and join us. You may pick up your complimentary watering can and garden gloves by the front door -- you can even choose your favorite color! We're proud to offer a well appointed clubhouse. As always, there is a snack table set up. Summer is upon us, and we're going to continue with firing up the grill --so burgers, hot dogs, and kebobs are available for your dining pleasure! This month, we’re also adding some fresh corn on the cob! There's iced tea, lemonade and sodas, and if you like, a variety of ice cold beers. With the summer heat upon us, we have a supply of frozen ice cream treats and gelatos, as well as slices of cold, fresh watermelon. And as always, we have a selection of mini-quiches, as Relevate really likes them (we aim to please!). Once again, please feel free to bring and add anything that you'd like to add to the festivities. And, in the corner diagonally across from the front door, there is a fully stocked bar, along with a wide selection of soft drinks. If needed, there are some anti-itch medications stocked in our supply cabinet near the door -- Lanacaine, Benedryl, etc. If you need to place your reports in the deep freeze, we also have a freezer, located next to the bar, so go ahead and throw your reports in!
Our newest feature is a Friday night social. This will be hosted by myjourney, who has done such a wonderful job with managing the buffet and bar. He will present a mouthwatering dinner menu (with graphics!) and announce a discussion topic. Everyone is welcome to hang out and either discuss the topic or anything else that comes to mind. Feel free to let kick up your heels for the evening! The goal of the Friday night social is to enjoy getting to know each other and share in some fun.
Come on in and make yourself comfortable. Make a gardening plan and commit to sticking with it! Are you planning to wait six months before applying for additional credit? A year? Until the last of your baddies drop off? Whatever your goal, we're here to support you. If you feel the "app-itch" coming on, let us know and we'll try to help you through it.
Now, if you happen to leave the garden prematurely, that’s your decision and we respect that. You are always welcome to come back, pick up your gardening tools and start over again. But please, celebrate any approvals on another thread. While we are happy with members’ success stories, we really do want to keep this thread’s focus and tone to be consistent with gardening efforts. You are certainly welcome to celebrate soft CLIs on this thread, though, as they do not involve inqs or apps for new credit.
GARDEN CLUB CHALLENGE AND RECOGNITIONS:
Garden Club Challenge: Pick a firm date for staying in the garden and post it in your siggy!
Garden Club recognition levels: To qualify, your reports must contain:
No new tradelines of any type on one's accounts (this includes backdated Amex accounts, as they are STILL new "seedlings").
No HPs for anything that would allow for the possibility of a new tradeline being issued or increasing the CL of an existing tradeline.
*The Garden Club community recognizes that certain inquiries are necessary for factors beyond those listed above. Therefore, Hard Pulls/Inquiries for the following bona fide reasons are exempt but not limited to: Employment Applications, Apartment Rentals, Utilities and other such services. These are not considered to be applications for credit per se.
You will be able to add the following to your siggy if you have abided by the above for the following time periods...
Less than 1 month - seedling
1 month - bronze spade
3 months - silver spade
6 months - gold spade
12 months - platinum spade
24 months or more - diamond spade
Please note: recognition levels reset once you add an account or incur a HP. We recognize that there may be very good reasons for "leaving the garden," and we respect whatever thoughtful decisions members make. As stated previously, members are always welcome to come back, grab their gloves and start gardening once more.
To ensure that your graphic comes out properly on your siggy, please be certain that it has been added as the very first line of code.
<img src="http://i.imgur.com/LEYWe.png" border="0" width="40" height="40" align="right">
<img src="http://i.imgur.com/Gfc4B.png" border="0" width="40" height="40" align="right">
<img src="http://i.imgur.com/24xvV.png" border="0" width="40" height="40" align="right">
<img src="http://i.imgur.com/vVRv5.png" border="0" alt="" title="" width="120" height="80" align="right" />
<img src="http://i.imgur.com/40nIa.png" border="0" alt="" title="" width="40" height="40" align="right" />
So, please feel free to come on in and share your gardening progress. If you're new or returning, what are your goals? If you've been here for a while, how are things going? Let's all mingle, and support each other in our respective gardening efforts!
06-30-2013 03:15 PM
06-30-2013 03:17 PM - edited 06-30-2013 03:20 PM
in on first page!, just applied and approved for CSP($5000), waiting on decision for Discover IT
Chase Freedom Visa ($6000)
Chase Ink Business (on a seperate report? doesn't show up on my report)($2000)
Capital One (my first card) ($750)
AMEX Blue Cash ($6000)
Score is at 719 right now, I'm 21 years old and have 1 (30 days) on my capital one for not paying the $2 interest that sneaked up after i paid full balance and sock drawer it.
Going to avoid any Hard Pull for 2 years
06-30-2013 03:20 PM
This will be my first full month of gardening, no apps whatsoever for me this month.
06-30-2013 03:24 PM
Garden strong this month! I promise!
06-30-2013 03:25 PM
I received a SW alert today. I was expecting it -- the card that my daughter uses as an AU posted a $5 balance this month, as opposed to a $0 balance last month. This means that I have two cards reporting a balance, with the others all $0, and it triggered the FICO algorithm to drop my EQ score by 5 points. It's not a big deal, as my scores are still reasonably good. But after working so hard to improve my scores, it I hate to see my scores drop at all, for emotional rather than practical reasons. Ah well... life goes on.
All in all, things are going very well in the garden. No app itches, and I'm quite happy with what I have. I'm keeping my eyes focused on picking up my gold spade in a couple of months.
06-30-2013 03:25 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.