FICO Fitness Challenge Archive

[Barry]

Welcome to the FICO Fitness Challenge of 2011!

The concept:

Set a goal for where you’d like to see your FICO score at the end of 2011. Then with the help of our Credit Education Center and FICO Forums Community, take the steps that will help you achieve this goal during the coming year.

To take the challenge, tell us: 

1.  Your FICO score goal for 2011

2.  Your current FICO score(s)

3.  The steps you plan to take to achieve your goal

Then create a special signature by clicking here for the Official FICO Fitness Challenge siggy, and periodically share your progress with the FICO Forums community to let us know how you’re doing.

Here's to higher FICO scores for us all in 2011!

-Barry

[mew]

1.  Goal score for 2011 is at least 760 for all 3 bureaus

2.  Current scores are TU 716 and 741 EQ (December 2010)

3.  Make payments on time and continue to pay down student loans

[Kiwill]

1.  My Fico Score goal for 2011 is: 800+

2.  My Current FICO score(s) are: EQ 729, TU 752, EX  (Will know by 1/15/11 thru PSECU)

3.  The Steps I plan to take to achieve my goals:  Pay down my utility to <10% and stop applying for new credit so that I can have an AAoA of 5+ years.

Good Luck Everyone!!  2010 was a great year for me credit wise, up over 100 fico points!!!

[Walt_K]

1.  I don't have a concrete goal.  I'd like to see 750 this year but not sure if that is doable.  I'm just happy to have climbed out of a major slump.

2.  EQ FICO 678 (01/05/2011)

TU FICO 700 (01/05/2011)

EX PLUS 702 (11/30/2010)

3.  The steps I will take to achieve my goal are to bring my utilization a little lower and to keep making on-time payments.  This month marked two years since my last late payment.  Unfortunately, I'm saddled with multiple 120 day lates (and a couple 150 day lates) for the next five years, but at least they are aging.  I've tried GW to no avail.  Perhaps, now that I have two years of on-time payments, I'll try another round of GW.

I currently only have one open credit card and one Amex charge card, so I am considering adding another revolving account.  

I'm curious what is going to happen to my scores in the next couple months.  I have a couple closed accounts that I am going to pay off so I will have less accounts reporting a balance, but I will lose the effect of those accounts for utilization.

[beamMEup]

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Walt_K wrote:

1.  I don't have a concrete goal.  I'd like to see 750 this year but not sure if that is doable.  I'm just happy to have climbed out of a major slump.

2.  EQ FICO 678 (01/05/2011)

TU FICO 700 (01/05/2011)

EX PLUS 702 (11/30/2010)

3.  The steps I will take to achieve my goal are to bring my utilization a little lower and to keep making on-time payments.  This month marked two years since my last late payment.  Unfortunately, I'm saddled with multiple 120 day lates (and a couple 150 day lates) for the next five years, but at least they are aging.  I've tried GW to no avail.  Perhaps, now that I have two years of on-time payments, I'll try another round of GW.

I currently only have one open credit card and one Amex charge card, so I am considering adding another revolving account.  

I'm curious what is going to happen to my scores in the next couple months.  I have a couple closed accounts that I am going to pay off so I will have less accounts reporting a balance, but I will lose the effect of those accounts for utilization.

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Good plan!

[joymonica79]

I am currently in a "RAISE MY FICO" state of mind.

I have sent GW letters out as well as DV letters.  And I have a bunch of small CA accts that were 120 days past due, so I sent a few PFD letters. We'll see how it all pans out. I have had some success with 2 items being deleted. I also had defaulted student loans' status changes from 120 days to "Pays As Agreed" which helped by writing GW letters.  I have a vehicle repo that is due to fall off as of Aug 2011, so we'll see if that helps any.

Now don't think its all bad!!! I do have more positives than negatives on my file. Three years of on-time mortgage paymants, 1 vehicle paid/closed without lates, and a few low limit credit cards that I use to pump gas to keep them going.

I think 2011 will be a very good year!!! If anyone has advice or needs some, holla at me!!

[nisha912]

1.  My goal scores for 12/31/2011 are 750 EQ, 760 TU, and 750 EX.

2.  My current scores as of late December 2010 are 669 EQ, 699 TU and unsure on EX.

3.  My only negative on the EQ and TU reports is utilization which I am working on getting it down by paying the debt off.  It will be a long journey but I know it will be worth it  not only for my fico scores but for my financial life. 

[taz3261]

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Starting Score: tu 574 Eq 622
Current Score: tu 574 eq 622
Goal Score: 700

Take the FICO Fitness Challenge Good luck to all of our FICO Fitness Challengers!

[Sweets8E]

1.  Goal 620 across the board or higher

2.  Current Scores are 501 EQ/545 TU

3.  My plan is to pay off all of my credit card debt and outstanding collection accounts this year. I've been blessed with several promotions and a better salary than what I've been accustomed to. There's no excuse anymore for continuing on with bad credit and outstanding debts...Besides, it's embarrassing. 

[joymonica79]

Good Luck Everyone!! And I just want to add that these MyFico Forums have given me so much hope along with valuable credit education.

Thanks MyFico.com