pisspoorcredit wrote-...I WISH I could have ur luck in getting approved! I know it's coming soon though...The gravy-train's a comin! I found a nice quote earlier...'When things dont happen right away, just remember...it takes 6 months to build a Rolls Royce' and 13 hours to build a Toyota".
Hang in there. Remember, as long as you pay on time, all the time, you're on track for perfect credit in 7 years or so. Everything else you do just shortens that time. Enjoy!
Six months ago my scores were:
FICO EXP: 779 - EQU: 742 - TRAN: 765
Now they are:
FICO EXP: 797 - EQU: 734 - TRAN: 739
Lots to be excited about... That 797 is closer to 800 than I've ever been, and with my current utilization comes as a surprise. That tells me when I PIF last month's vacation, I'll have a good chance of breaking 800. This represents a nice jump due mostly to my old WFS car loan turning positive. It's clear to me that utilization matters more when paired with a derogative; good information for anyone rebuilding.
Other milestones since may last update are sparse; I did get a CLI on my Cap1 World Card from 10k to 12k. All year they've denied me because of lack of use, so I used it for vacation and ran it up to 5k. All of a sudden I qualify for a nice CLI. Going forward I'll use each card leading up to the request for CLI. I did add a car loan in May, swapping out wifey's Jeep for a 2013 Toyota Avalon. It's nice, and Penfed's 1.79 rate for a used car loans means we can afford a lot more car for the same money. Credit is handy.
If all goes well, I should hit the 800 club in six months!
Here is a snapshot of my credit on the day the scores were pulled:
Utilization - 27%
Cards w/ Balance - 3 of 8
AAOA - 5.35 yr
Oldest Account - 10.98 yr
1 Scored Inquiries
5 Unscored inquiries
1 Mortgage 5+ yrs perfect history
2 Open installment accounts (car loans)
4 Active revolvers
3 Active AU revolvers
1 Active Charge Account
10 Closed in good standing accounts
Derogs:
0 Collection accounts (yeaaah)
Lates-
Experian:
0 derogs
0 scored inq
Equifax:
3 lates, 6.5 years old <---- Positive in 6 mo!
1 scored inq
Transunion:
6 lates, 6.5 years old <---- Positive in 6 mo!
0 scored inq
@p- wrote:Six months ago my scores were:
FICO EXP: 779 - EQU: 742 - TRAN: 765
Now they are:
FICO EXP: 797 - EQU: 734 - TRAN: 739
Lots to be excited about... That 797 is closer to 800 than I've ever been, and with my current utilization comes as a surprise. That tells me when I PIF last month's vacation, I'll have a good chance of breaking 800. This represents a nice jump due mostly to my old WFS car loan turning positive. It's clear to me that utilization matters more when paired with a derogative; good information for anyone rebuilding.
Other milestones since may last update are sparse; I did get a CLI on my Cap1 World Card from 10k to 12k. All year they've denied me because of lack of use, so I used it for vacation and ran it up to 5k. All of a sudden I qualify for a nice CLI. Going forward I'll use each card leading up to the request for CLI. I did add a car loan in May, swapping out wifey's Jeep for a 2013 Toyota Avalon. It's nice, and Penfed's 1.79 rate for a used car loans means we can afford a lot more car for the same money. Credit is handy.
If all goes well, I should hit the 800 club in six months!Here is a snapshot of my credit on the day the scores were pulled:
Utilization - 27%
Cards w/ Balance - 3 of 8
AAOA - 5.35 yr
Oldest Account - 10.98 yr
1 Scored Inquiries
5 Unscored inquiries
1 Mortgage 5+ yrs perfect history
2 Open installment accounts (car loans)
4 Active revolvers
3 Active AU revolvers
1 Active Charge Account
10 Closed in good standing accounts
Derogs:
0 Collection accounts (yeaaah)
Lates-
Experian:
0 derogs0 scored inq
Equifax:
3 lates, 6.5 years old <---- Positive in 6 mo!1 scored inq
Transunion:
6 lates, 6.5 years old <---- Positive in 6 mo!0 scored inq
Congrats! Your story is so encouraging I have read all pages!
Three months ago my scores were:
FICO EXP: 797 - EQU: 734 - TRAN: 739
Now they are:
FICO EXP: 813 - EQU: 802 - TRAN: 756
Lots to be excited about... This is the first time in my life I have topped 800, and it represents a major milestone. I'm suprised based on the number of cards I have with a balance and my utilization to see it jump like that. Between wifey and I Christmas shopping and our work expenses, we have lots revolving through the cards.
Other milestones since my last update are sparse; I have no limit increases or new inquiries since my last update. Here is a snapshot of my credit on the day the scores were pulled:
Utilization - 16%
Cards w/ Balance - 5 of 8
AAOA - 5.69 yr
Oldest Account - 11.32 yr
1 Scored Inquiry
0 Unscored inquiries
1 Mortgage 5+ yrs perfect history
2 Open installment accounts (car loans)
4 Active revolvers
3 Active AU revolvers
1 Active Charge Account
10 Closed in good standing accounts
Derogs, collections, and lates:
0 Collection accounts (yeaaah)
Experian:
0 derogs
0 scored inq
Equifax:
0 derogs
1 scored inq
Transunion:
3 lates, 6.5 years old <---- Positive in 3 mo!
0 scored inq
The only difference between Ex and Eq is a single inquiry, which appears to cost me 11 points. I'm still amazed to be this high with so many balances and a utilization over 10%. It will be interesting to see in a few months what kind of score I get with utilization optimized. Beyond a reduction in utilization, the only other difference from last quarter on Experian was my credit file's 11th birthday.
The late payments from 2008 remain on Transunion, and appear to cost me 57 points. Wow. Still, I've come a long way from the 530 score on Eq that I started with when I joined. Thanks y'all for the help along the way!
Awesome work! I'm about 18 months out until all baddies have aged out I have a calendar event each time an item falls off 
. I like your quote about on time payment history equaling perfect credit in seven years, everything else just speeds up the procces LOL. Glad to see you're still around, I remember reading your thread from start to finish one night about a year ago, I might have to do that again.
Oz
