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Valued Contributor
-Wade-
Posts: 12,624
Registered: ‎08-13-2013
0

Re: Hard work has finally paid off ! NFCU approved


JamaJama wrote:

After about a year of rebuilding my credit and not knowing where to start. I finally found the FICO forums and just started reading which helped me know where to put my money to lower/pay off certain things first.  All that hard work finally paid off today! I opened a checking/savings account with Navy Federal credit union so I could put money away. First thing I see when I logged in online was a big banner for their VISA cashrewards card. I thought to myself....REALLY even on here they have those pre-approved advertisements. Then I thought to myself, I haven't applied for anything in almost a year. No credit check for anything but for my "3 score and reports". So I checked on here and found the majority of people that got pre-approved through NFCU were actually approved. So I said what the heck, it would only be 1 hard pull. I click submit thinking it would be one of those "3-5 day notice" and went about my business. I checked back in about 5 minutes and my jaw just dropped when I was approved for $7,000 with 12 APR credit card. I couldn't believe it at first so I took a picture just in case it was a joke...lol So I will wait to see if the card arrives in the mail in 3-5 days.

 

Lets go back a year when my score was only at 500 EQ score starting in Jan 2013. I should have never got out of the military because it was so hard just to find work. I was so down on myself that I didn't check any of my credit reports to find out what was going on. I finally landed a job and saved money thinking I could pay everything with cash.  I didn't know about the PDF letters at this point, so I just paid in full and waited for it to show paid on my credit report. Some of the baddies were removed and some stayed. Slowly my score went to 550 EQ starting in June 2013 and 558 for TU (didn't check EX then). After reading more of what people were doing I pushed myself and got my util down from 80% to 23% paying something every week, even it if was only $20 (only have 2 cards) USAA and Capitol one. Capitol one gave me 2 CLI that I didn't know about untill I checked the account. I accepted and ran with it...lol

 

I finally paid off 3 baddies within a week and waited (which was the hardest part). I kept looking on creditkarma to see if my score would change and if it actually improved. In July 2013 it went up to 602 EQ and I was like wow..This is actually working. I paid off 1 more baddie in full and waited some more. I was too busy the next 3 months that I didn't even check my score report. Last week I finally checked to see if I was still on track. It came back with---- 665 EX, 607 EQ, 631 TU---- with my util at 7%. So all the work put into paying off and getting negatives taken off worked. Now all I have is 1 apartment in collections and a school paid on time for the last year. 2014 will be better and around summertime I might put a loan in  for a car/motorcycle loan with NFCU. Just thought I would share my 1 year of credit rebuild and that I'm hooked on watching the numbers go back up.

 

Thanks to the fico forums for all the help and hope 2014 will be better for everyone.


Congrats :smileyhappy: very will done

Old user name newportguy*** Current Score: myFico EQ - 806 (04/04/2014) Discover TU Fico - 813 (09/02/2014) myFico EX - 804 ( 07/08/2014 ) ******* Amex - BCP 10 K * Discover - IT 10.5 K * U.S. Bank Cash + Visa Signature 8.8 K * PenFed - Cash Rewards 5 K * Amex - GDSM 5 K ****** FICO 800 Club Member ******* EQ 806 *** TU 813 *** EX 804 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 830's Scores ******
Member
JamaJama
Posts: 12
Registered: ‎12-29-2013
0

Re: Hard work has finally paid off ! NFCU approved

Just another update.  Checked both my scores and saw an increase in TU. Still haven't checked EQ because I know its a little lower....lol. Score from begining of the month 2/4/14 669 TU 681 EX and today went to TU 673, EX stayed the same. Most amazing thing I saw was that 0 baddies are now showing in my reports. That means, NCS removed the collections account and finally an overpayment from Department of Veterans Affairs (for school) has finally been removed. All without sending a GW letter,  I did talk to them over the phone about the removal of the collections account.So I guess a verbal confirmation is still better than not asking for anything. I still have my GW letters printed out but never had a chance to send the out since work had me staying late. I can finally see 700 in my sights.

 

Just going to wait and see what bump the new car loan will do to my score when it starts reporting. I let Barclay report a balance$ 70 of $1000 so it shows I'm actually using the card. Paid my NFCU down from 2300 to 1100 to get my total util down some more. The other cards I have USAA (0$ Balance) gave me an incease from 1k to 2k without switching to another card.

 

Military Star Card with a $0 balance

Cap1 QuicksliverOne card with a $2 (some stupid fee) of $1500 balance....lol I will ask for CLI some time after the 6 month mark for NFCU CC, USAA CC and Cap1. So I will probably get a HP from all 3. Just thought I would share the good news with everyone.

 

Thanks everyone for the support.



Starting Score: 500
Current Score: 12/15/13 665TU 2/4/14 669 TU 681 EX
Goal Score: 700

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Regular Contributor
MortgageMinded
Posts: 212
Registered: ‎01-24-2014
0

Re: Hard work has finally paid off ! NFCU approved

Congrats...great news.

Starting Score: Jan 2014 EQ: 595 TU: 575 EX: 550
Current Score: Nov 2014 EQ: 600 TU: 651 EX: 601
Goal Score: 650-700


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Valued Contributor
gdale6
Posts: 9,263
Registered: ‎12-13-2013
0

Re: Hard work has finally paid off ! NFCU approved


JamaJama wrote:

Just another update.  Checked both my scores and saw an increase in TU. Still haven't checked EQ because I know its a little lower....lol. Score from begining of the month 2/4/14 669 TU 681 EX and today went to TU 673, EX stayed the same. Most amazing thing I saw was that 0 baddies are now showing in my reports. That means, NCS removed the collections account and finally an overpayment from Department of Veterans Affairs (for school) has finally been removed. All without sending a GW letter,  I did talk to them over the phone about the removal of the collections account.So I guess a verbal confirmation is still better than not asking for anything. I still have my GW letters printed out but never had a chance to send the out since work had me staying late. I can finally see 700 in my sights.

 

Just going to wait and see what bump the new car loan will do to my score when it starts reporting. I let Barclay report a balance$ 70 of $1000 so it shows I'm actually using the card. Paid my NFCU down from 2300 to 1100 to get my total util down some more. The other cards I have USAA (0$ Balance) gave me an incease from 1k to 2k without switching to another card.

 

Military Star Card with a $0 balance

Cap1 QuicksliverOne card with a $2 (some stupid fee) of $1500 balance....lol I will ask for CLI some time after the 6 month mark for NFCU CC, USAA CC and Cap1. So I will probably get a HP from all 3. Just thought I would share the good news with everyone.

 

Thanks everyone for the support.


Excellent, congrats to your continued success :smileyhappy:

EX Cred Ses 08/14: 767 ; EX Fico 04 V2 06/14: 775; EX Fico 08 07/14 778 ; EX Fico 08 BC 07/14: 800
EQ Fico 05/14 781 ; EQ MPM 07/14: 721
TU Fico 8 07/14: 719; TU MPM 06/14 706

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