Updated Scores:
04-09-2012: EXP - 700 EQU - 700 TRANS - 709 AVG - 703
Previous scores:
01-10-2012: EXP - 697 EQU - 709 TRANS - 709 AVG - 705
06-04-2008: EXP - 577 EQU - 530 TRANS - 542 AVG - 550
Whole lotta nothing happening in my CR. I guess that means I'm gardening. I have one collection remaining that will be there until 8-2013. After that, there are 2 accounts with lates that will fall off 7-2014 and 3-2015. My utilization is varying between 2 and 12%, but currently is 3%. My AAOA is 4.21 yrs.
The only other thing affecting my score negatively is inquiries, most of which will hit 1 year in July.
If all goes well, I'll be car shopping with wifey in about a year. At that point we'll have all inquiries out of scoring, and some more distance from the baddies. Hopefully that will be enough to get us the best rate on a loan. We'll see how it goes.
In the meantime, no apps. None. As much as I'm eyeing the Sapphire Preferred, it will have to wait until after the car.
Your scores are really good after your hard work. Still working on debt elimination. Ended up not selling the old jeep, so we didn't use that cash to wipe out the student loan. Wifey's new job will come with a car allowance, so that will all go to paying the new jeep, while I drive the old one and we work it hard for a year. Then, when the new is paid off, we'll get her a new car that fits her car allowance and finally get rid of the old jeep, hopefully wiping out the student loan.
That should leave us with 1 mortgage, 1 car loan, and no other debt. Rolling that extra monthly cash into the new loan should wipe it out quick, allowing us to eventually devote all of our attention to the mortgage.
Not to rant, but both her parents and mine are nearing retirement. And both have a mortgage hanging over their heads. We hope to learn from this, and be mortgage free in the next 15 years.
Here it is -
BALANCES AS OF 4-9-12:
NAME BALANCE MIN PMT EX PMT CUR PMT RATE PRIORITY PAYOFF DATE
CAR PAID 0% MAR 2010
RETAIL CARD PAID 0% APR 2010
MEDICAL PAID 0% DEC 2010
MOTORCYCLE PAID 0% FEB 2011
CREDT CARD PAID 0% APR 2011
STUDENT LOAN PAID 0% APR 2011
CREDIT LINE PAID 0% SEP 2011
MEDICAL PAID 0% DEC 2011
STUDENT LOAN 3329 100 0 100 2.48% 2 JAN 2015
NEW CAR 24,084 535 369 904 4.9% 1 AUG 2016
MORTGAGE 177,066 1214 86 1300 4.5% 3 JUL 2039
BALANCES AS OF 9-2-11:
NAME BALANCE MIN PMT EX PMT CUR PMT RATE PRIORITY PAYOFF DATE
CAR PAID 0% MAR 2010
RETAIL CARD PAID 0% APR 2010MEDICAL PAID 0% DEC 2010
MOTORCYCLE PAID 0% FEB 2011
CREDT CARD PAID 0% APR 2011STUDENT LOAN PAID 0% APR 2011
CREDIT LINE PAID 0% SEP 2011
MEDICAL 716 100 155 255 0 % 1 DEC 2011
STUDENT LOAN 3786 100 0 100 2.48% 2 JAN 2015
NEW CAR 27,900 535 15 550 4.9% 3 AUG 2016
MORTGAGE 179,780 1214 86 1300 4.5% 4 JUL 2039
BALANCES AS OF 12-11-09:
NAME BALANCE MIN PMT EX PMT CUR PMT RATE PRIORITY PAYOFF DATE
CAR 3,540 460 540 1,000 18.99% 1 Mar 2010
RETAIL CARD 1,055 52 0 52 23.99% 2 Jan 2012
MOTORCYCLE 2,965 92 0 92 13.99% 3 Jan 2013
CREDIT CARD 4,414 93 0 93 11.99% 4 Feb 2012
CREDIT LINE 6,800 226 0 226 11.99% 5 Jul 2012
STUDENT LOAN 1,359 50 0 50 4.75% 6 Mar 2012
MORTGAGE 185,274 1,256 0 1,256 4.50% 7 Jul 2039
STUDENT LOAN 5,769 110 0 110 2.48% 8 Sep 2014MEDICAL 1,627 100 0 100 0.00% 9 May 2011
lillygooch4 wrote:Hello do you by any chance still have that Verizon home line CEO contact info? They are very hard to get information on. Most information id Verizon wireless.
Thanks
Sent you a PM, hope you have better luck than me. Just a tip - usually you can find the names of corporate officers by going to the "Investor Relations" page. Here is a link to verizon's:
http://www22.verizon.com/investor/
Good luck!
speaker wrote:what's the quickest way to raise scores in 30 day time ?
Short answer: Depends on what's on your report. There are three initial angles of attack, all of which should be applied at the same time.
1. Optimize utilization. If you have more than 9% of available credit in use, reducing it will make a difference.
2. Eliminate negative accounts. Offer PFD to legitimate collections, dispute inaccurate information, and send GW letters to zero balance accounts.
3. Establish a history of responsible credit use. That means pay on time, all the time. If you've messed up in the past, use GW letters to get rid of late payments in your history.
There are many other things you can do once you get into it, like avoiding inquiries, and managing your account mix... But these basic three are a good starting point. Banks want to lend you money. They want to earn the interest, but they have to make sure you pay it back. If you've had trouble paying back in the past, of course they are nervous about lending to you.
Speaker; have you pulled your report? What's holding you back right now?
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