01-27-2013 03:25 PM - edited 01-27-2013 04:32 PM
Years ago, I made some stupid mistakes with my credit, followed by years of operating on a cash-only basis, assuming I could never get any credit. At the end of 2012, I decided to take the bull by the horns. What I found when I pulled my reports on December 27th was that my problem wasn't really BAD credit - though I did have a few dings. My biggest problem was an exceptionally thin credit file. So thin, that I couldn't even generate a TU or Experian report or get a CapOne auto loan.
Fast forward one month . . . by adding a couple of credit cards - CapOne secured ($300) and Citi Forward ($1k, obtained after a simple recon call) - I just received a ScoreWatch alert telling me my score JUMPED to 797. Talk about doing the happy dance!
I'm not sure what prompted me to finally address my credit, but I'm so glad I did. To anyone who thinks things will never get better - believe me, they will! Just listen to all of the great advice found on these boards. Thanks to all of you for sharing your successes (and "not successes").
BTW, does anyone else's heart stop when they get that ScoreWatch alert?? I thought the alert was going to show a small decline since I'd gathered my courage and went to the car dealer on Saturday. I guess I should expect that decline this week, but that's ok by me.
Edited to add: Just to clarify, it looks like 2 accounts were also deleted. One was due to age off next month and I just DV'd the other (Pinnacle).
01-27-2013 04:56 PM
01-27-2013 07:34 PM
01-28-2013 11:56 AM
WOOHOO! What a jump!!!
01-28-2013 07:54 PM
Thanks everyone! Heard from the Nissan dealer today and was approved by both Nissan and Wells Fargo - something I never thought possible a month ago. Well Fargo had the better rate, so I'll be going with them. Still not a SUPER rate, but one I can live with, all things considered. After I settle everything with the car (tomorrow!!), my plan is to apply for one more cc, then garden for a while. Not sure which card to go for - any suggestions??
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.