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Valued Contributor
Posts: 1,107
Registered: ‎02-15-2012
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progress in one year

On 3/16/12 my EQ FICO was 679, my CC debt on my CR was about $65K (total for DH and myself was $89K), and I did not have a clue how to make things better.


Today? My EQ FICO is at 741.  The CC debt on my CR is at about $11K (will go down to $8K by the end of the nonth when the payments from my tax refund hit the CR). DH has a total of about $4K on his CR.


I have learned SO much here on the myFICO site. You guys have been so helpful, especially in the beginning when I was clueless.  


I took the following steps towards improvong my situation:

1) took myself off of DH's cards, and DH off of mine (nice jump in FICO score for both of us)

2) sold off assets to get cash to pay down debts (another jump) and cut our spending down

3) went on an app spree for 0% APR into rate cards (FNBO and  Discover, and used a BT offer from my B&N MC to get a big chunk at 0%)

4) refinanced my house to a 30 year ARM  mortgage @ 2.75%,  (from a fixed 15 year) giving me $1000 per month to put towards CC debt

5) took out a HELOC from the CU at 3.50% and put all the debt not at 0% already into it

6) created an aggressive paydown plan to get rid of the rest of the debt. Was able to relax the "spending cuts a bit.

7) was able to start to rebuild the savings account, which is important to avoid getting back into debt trouble.


I have recieved SO MUCH great advice here. My situation is not typical. My debt load was high, our income is fairly high, we had some assets we could sell, and we had equity in the house (which is almost unheard of these days).  I was able to get our FICO's high enough to get a good mortgage rate following advice I learned here. I was able to maximize 0% APR offers. 


THANK YOU myFICO COMMUNITY. I would not be where I am today, exactly one year later, without all of your help.


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Established Contributor
Posts: 888
Registered: ‎09-10-2010
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Re: progress in one year

Nice job.

TU713, EQ 731 , EX 726 (As of 12/13/14) - Personal Goal = 760

“Beware of little expenses. A small leak will sink a great ship” – Benjamin Franklin

Gardening since 3-26-15

Super Contributor
Posts: 31,000
Registered: ‎02-07-2013
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Re: progress in one year

Great accomplishments keep up the good work

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Valued Member
Posts: 35
Registered: ‎01-30-2013
0 Kudos

Re: progress in one year

Congratulations that is awesome! 

START (01/13):TU: 701 | EQ: 692 | EX: 706
CURRENT: TU: 739 (FICO 5/13) | EQ: 711 (FICO 2/13) | EX: 725 (PLUS 5/13) in the garden since 3/9/2013
GOALS: 750 by 01/14
Chase Sapphire Preferred | Chase Marriott Rewards Premier | Chase Freedom | Chase Slate | AMEX Blue Cash Everday | Citi Dividend |
Citi Simplicity | USAA Rewards | Walmart Discover |
New Contributor
Posts: 136
Registered: ‎02-20-2013
0 Kudos

Re: progress in one year

This is quite inspiring. Thank you for sharing.

TU 759, EX 744, EQ 779
Current Focus: Gardening indefinitely
Goals: 800 Club, pay off auto loan in 2 years

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