FICO Fitness Challenge Archive

[gronge]

Spent 2009 working on using credit wisely.  I use my cards (2)  I have 4 but only alternate 2 cards.   I pay off the balance monthly.  Almost a year paying on my own mortgage (Divorced) 2008.   I have one more negative to be taken off my credit report this coming March.   I got my three free credit reports today and my scores.  I was amazed that hy FICO  was 776!!!!!!!!.   I might want to aim for 800.   Once my son Consolidates the student loans he has with me as co-signer the 800 score could be attainable.    Good luck everyone!!!

[750Lady]

I'd like to have 750 credit scores.  I'm still learning about credit scoring, the more I read the more I learn about the different types of scores. 

At this point it looks like the number of inquiries I have, which equals 7, are too many. 

The other issue is total amount of debt to credit limit. 

I have 5 active cards, down from 13.  I should have 2 more paid off by March 2010.  Two more cards have very high balances and I'm waiting until February/March billing to see how American Express and Bank of America will really change their policies and see how they affect my payments.  There was some space between the limit and the balance, but both companies lowered the limit. 

I will not apply for a home equity loan, but may consider using some retirement funds to pay down the debt.  I will have to work a little longer.  What worries me is that I only have enough to pay each card down to 1/2 or to pay only one card.  If both companies lower the limit down to the balance again, then I'm in the same credit score box as before. 

I'm also thinking of asking of AM and/or BoA will convert my balance to installment payments and lower the rates, but anytime I call they take the opportunity to lower my limit to my balance. 

Any advice would be appreciated. 

750Lady

EQ 1/2010, 699

EX 12/09, 723

TRANS 11/09, 710

[karimichelle]

Current FICO's: 588 Equifax and 577 TU

Goal: 650-660 by summer; save money to buy my first house

Getting there: Get two secured credit cards, continue to pay everything on time

[ashber]

I just checked my score in about a year and a half. It was 590-600, now it's 658 & 654!! Wahoo! Hehe!! I have a lot on my balances though, and by May I will be done paying it off. I am hoping by the end of the year it get to 720. I will be working hard to get my score better. But, I guess besides paying off my cards, all I can do is wait... time is the only thing I guess.

[musikklvr]

My Goal for 2010 is to reach the 700 Club.

TU=654, EQ=668 as of 1/18/10

I plan on not applying for credit, continue to pay bills on time and wait for inquiries to fall off!

[jazzerz]

1. Goal: 650 (700 if possible)

2. Currently at 577/579 (TU & EQ)

3. Get rid of at least 80% - 100% of my baddies (let the paying off/letter writing begin!) and establish a revolving account.

Message Edited by jazzerz on 01-18-2010 07:01 PM

[gronge]

Just found out my "Vantage" Score is 902,  (range 501-990) How is this score different from FICO and do lenders rely on this score more than FICO?  I seem to be reading conflicting information.   Is it not a better idea to just have one kind of score rather than 3 credit bureaus and now Vantage.  I find it a bit confusing

[Itsmeagain]

OK, I'm in.

Current usage 14,000 = 20%

Goal 2.000 = 3% 

[athensguy]

My current EQ FICO score is 788. It was about 786 on 01/01/10. I merely hope to remain above 780, as my oldest closed CC account has a last reported date of 04/2000 on EQ.

[750Lady]

What were your strategies for obtaining this score?