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The GREAT CC Payoff Challenge!!

Frequent Contributor

Re: The GREAT CC Payoff Challenge!!

I'm in!! My biggest focus will be to pay down my NFCU card as much as possible to maximize UTI, for the biggest score bumps. The goal is to be as close to 750 across the board by years end. Good Luck everyone!!!

 

CARDCREDIT LIMITBALANCEUTI %
    
NFCU CR$12,500 $5,866 46%
DUCK CARD$10,000 $0 0%
USAA WMC$7,000 $0 0%
USAA AMEX$7,000 $0 0%
CSP$5,000 $51 1%
AMEX BCE$2,000 $96 4%
CAP1 QS$1,500 $153 10%
CAP1 SECURE$200 $0 0%
V.S. ANGEL$500 $0 0%
Amex PRG(NPSL), Amex BCE($5K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($2.3K), Chase Marriott($1.8K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(Sept. 2016): FICO EQ: 672, TU: 703(?), EX: 682 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
Message 31 of 559
Valued Contributor

Re: The GREAT CC Payoff Challenge!!

Welcome in!! We got this!
OFFICIAL GARDEN START DATE: 10-05-2014... TARGET GARDEN END DATE: 06-01-2016 Lets Git 'r' dun
Message 32 of 559
Valued Contributor

Re: The GREAT CC Payoff Challenge!!

SO, I went ahead and BT 3 Higher interest cards over to the NFCU Plat MC, at 2.99 interest for 12 months.  I now have everything either at 0% or 2.99% for now... this 11k worth of debt should drop fairly quickly, I hope .. Smiley Happy I will repost updated numbers in 10 days or so when it posts.  This move saves me 78 bucks a month in interest payments.. so it effectively pays off my Cap 1 card for me over the course of 12 months. 

OFFICIAL GARDEN START DATE: 10-05-2014... TARGET GARDEN END DATE: 06-01-2016 Lets Git 'r' dun
Message 33 of 559
Regular Contributor

Re: The GREAT CC Payoff Challenge!!

is it too late to get into the payoff?  Smiley Very Happy

FICO Scores: (EX-735-11/12) EQ-757-12/03 (TU-750-11/12)
Discover FICO: 756 - 12/17 Walmart FICO: 750-1/06
USAA FAKO: EX-742 EQ-761 TU-761

Macys $7.2k - NFCU $24k - Discover $6.8k - Cap One $3500 - Nordstrom $3.5k - Wells Fargo $1k - Walmart $4.5k- The Limited $2.5k- Victoria's Secret $2.2k- Bloomingdales $2k- JCP $700
Message 34 of 559
Valued Contributor

Re: The GREAT CC Payoff Challenge!!


credit_challenged09 wrote:

is it too late to get into the payoff?  Smiley Very Happy


Of course not!

Current cards: MSUFCU Platinum, Amex PRG, Amex Surpass, Amex BCE, Citi Prestige, Citi Double Cash, Citi Premier, US Bank Cash +, Huntington Voice, AAviator, Sallie Mae, Discover IT, Chase Freedom TU:753 EQ Enhanced: 758
Message 35 of 559
Valued Contributor

Re: The GREAT CC Payoff Challenge!!

We always welcome anyone who wants or needs motivation as well as fun to join in. Give advice, accept advice, and work towards your goal. There is no fussing or ridicule, just honest help for those in need. We have all had a situation that taught us something. Maybe we can learn from one another and better prepare ourselves for the future
OFFICIAL GARDEN START DATE: 10-05-2014... TARGET GARDEN END DATE: 06-01-2016 Lets Git 'r' dun
Message 36 of 559
Valued Contributor

Re: The GREAT CC Payoff Challenge!!

Shameless bump!

Anyone have a status update?
OFFICIAL GARDEN START DATE: 10-05-2014... TARGET GARDEN END DATE: 06-01-2016 Lets Git 'r' dun
Message 37 of 559
Super Contributor

Re: The GREAT CC Payoff Challenge!!

Ok. Here goes. I restrained my holiday spending a little more then necessary but then again with an Aug.-Dec app-o-rama i wanted to space things apart enough since my AAoA would surely be toast.
I got right on PIF most and all carried balances.
Longest card = US Bank - Added a whole host of newbies as follows:

Discover - (1400) Balance (0)
Citi Diamond (800) Balance (0)
GM Capital 1 (600) Balance (60)
US Bank (2000) Balance (1630)
Gecrb ShopHQ (1000) Balance (20)
Gecrb Walmart (1000) Balance (127) NEW!
Fingerhut (1300) Balance (0)
Target (500) Balance (0)
Victoria Secret (750) Balance (0)
Comenity/ Jessica London (500) Balance (40)
Comenity/KingSize (500) Balance (0)
Added Duck Card (2500) NEW!

Thanks to the incredible assistance from membership here and the focused responses and suggestions to boot, i feel like i made some positive progress so far since all cards except US Bank, Fingerhut, & Target are less then 6 months old.
Message 38 of 559
Valued Contributor

Re: The GREAT CC Payoff Challenge!!

Awesome list!
OFFICIAL GARDEN START DATE: 10-05-2014... TARGET GARDEN END DATE: 06-01-2016 Lets Git 'r' dun
Message 39 of 559
Contributor

Re: The GREAT CC Payoff Challenge!!

I started paying my cards down a couple of months ago -- they were all pretty much maxed out so, I've come along way. I went crazy buying new furniture. I have about $1,000 in funds that I can allocate each month towards paying them off. Right now, the amount I pay to each is almost equal. Also, I can probably eek out an additional $1,000 for this month. How should I use my money?

 

CREDIT LIMIT

ACCOUNT

BALANCE

$8,000

Wells Fargo

$7,900

$7,500

Capital One

$6,937

$5,000

Chase Freedom

$3,013

$5,000

Chase Sapphire

N/A

$5,000

J.C. Penney

N/A

$2,000

Chase Southwest

N/A

$2,000

Discover

N/A

$1,550

Victoria's Secret

N/A

$900

Walmart

N/A

$900

Merrick

N/A

$800

Credit One

N/A



Starting Score: 532
Current Score: EQ08 702, TU08 710, EX08 701Goal Score: 760

NASA, $30,000/ Wells Fargo $20,000 / Venture $7,500 / JCP $6,000 / Ch Freedom $5,000 / Ch Sapphire $5,000 / Discover $5,000 / Walmart $4,500 / VS $2,150 / AMEX BCE $2,000/ Chase SW $2,000 / Merrick $1,900 / Credit One $1,450 Take the myFICO Fitness Challenge
Message 40 of 559