Credit Card Center Advertiser Disclosure† |
No apps until January ...Atleast!!
I'm still here. Pass a Hefeweizen, as this waiting is driving me nuts.
Still gardening my lil' patio garden (2 secured cards) and joined a CU a couple of weeks ago. Take that, Big Evil Banking Entity! My biggest derogs were four defaulted student loans that I have been patiently rehabbing since January. I made my ninth rehab payment 9/17, and am waiting for them to be picked up & put back into non-default status. I checked the Default Resolution Group's website over the weekend, and they are reporting a zero balance - fingers crossed that means I've been picked up! Am still on track to be debt-free by June 2013.
In other news, have tentatively taken first steps toward researching a home purchase. Have a friend who's a realtor, who has been kind enough to answer some questions over lunch. Have an appointment with a mortgage broker, who knows my rebuilding process and is going to at least give me some advice. Homes are cropping up in the neighborhood I want that are definitely within reach for me financially....I'm not pulling the trigger on that anytime soon but it's at least nice to dream & start working toward that goal. Now all I have to do is stay patient, and don't rush into anything too quickly.
My short term goal has been to get to 700 (which is a long way from the 617 I had back in June). between my backdated Amex and my most recent late payments aging past the 1-year mark, my score has reached 668. With overall util around 40%, I should be able to come close to my goal once I get those balances back down close to zero next month.
I've already started to see the fruits of my gardening: just last week, Wells Fargo spontaneously gave me a CLI from $3000 to $4200.
My long-term goal is to buy a house in the next 18 months or so. I don't think I'll be able to get my scores up to that magic 760 by then, but I'll happily settle for 720, which should be attainable. In the mean time, I don't have any burning desire for new credit. Down the road, I may try again to get back in with Chase, but for now, I have more credit than I need; it's kind of nice having one card in the sock drawer.
Starting Score: 617 (EQ 6/10/12)
Well, I'm still in the garden, but I'm edging toward leaving the garden to get a credit union credit card due to my ongoing unemployment. It hasn't come to it yet and I've been holding off on any apps because I want to get a mortgage next year, but I've been unemployed for three months now so I have to take every possibility into consideration. If it becomes necessary, I'd rather have to carry a balance on a high CL, low interest credit union credit card rather than my high interest rewards cards.
I'm still clutching my platinum spade right now, though, and I really don't want to have to lose it. :-(
lithium78 wrote:Well, I'm still in the garden, but I'm edging toward leaving the garden to get a credit union credit card due to my ongoing unemployment. It hasn't come to it yet and I've been holding off on any apps because I want to get a mortgage next year, but I've been unemployed for three months now so I have to take every possibility into consideration. If it becomes necessary, I'd rather have to carry a balance on a high CL, low interest credit union credit card rather than my high interest rewards cards.
I'm still clutching my platinum spade right now, though, and I really don't want to have to lose it. :-(
I wish you the best in finding a job!!
Tommy5746 wrote:
lithium78 wrote:Well, I'm still in the garden, but I'm edging toward leaving the garden to get a credit union credit card due to my ongoing unemployment. It hasn't come to it yet and I've been holding off on any apps because I want to get a mortgage next year, but I've been unemployed for three months now so I have to take every possibility into consideration. If it becomes necessary, I'd rather have to carry a balance on a high CL, low interest credit union credit card rather than my high interest rewards cards.
I'm still clutching my platinum spade right now, though, and I really don't want to have to lose it. :-(
I wish you the best in finding a job!!
Thanks! All those politicians who say that unemployed people are just lazy have no idea what they are talking about. I've been trying to find a job that will pay the bills for 3 months and I've had 7 interviews and no offers. The competition is so fierce, especially in my field (education), which has faced drastic layoffs over the past four years. I really want to be careful not to screw up my credit.
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.
Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved. | Terms of Use | Privacy Policy | Sitemap
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.