In 2012 I was in a good spot rebuilding and fell into a layoff, burned my credit cards and am back in the saddle rebuilding again. have 3 bad accounts falling off in the next year, 2 30 days that are aging close to 2 years old with one promised to drop. Good collection of prime and subprime. Thought I was in a pretty good spot in the low 600's and moving slowly.
Then going through threads, I keep seeing the same name, (ABCD of course,) and picked up little tips that are helping a ton. One thing I was doing wrong was calculating utilization overall. I had 2 cards close to 90% and the rest at zero. Caught a note he mentioned to someone else that those 90% would count as derogatory. So today, I was finally able to pay everything off, left my good card at $30 and brought my utilization down to 2%. Blasted out goodwills to remove my 30day and set myself to hardcore garden status. My average age is a year, 6 months.
Anyway, this guy goes through a lot of trouble to answer nearly every post with insightful information, and I wanted to thank him, and the FICO forums overall for all their helpful posts. It really does help when one is incredibly serious about improving their situation. I hopefully won't make any more mistakes moving forward and we'll see how things look in a month or two. Going from mid 500's to mid 600's is a real moral booster.
Great post! ABCD does offer some great advice. I’ve learned a lot from him as well.
Congrats on you upward movement! Keep up the good work.
I'm a few weeks into my relationship with myFico Forums.
I, too, think the world of the advie from everyone here. ABCD is always on top and always just a few minutes away from a response, too.
I'm rebuilding, so that's where I spend most of my forum-minutes. For some reason, I was on a forum talking about the MyFICO Fico Scores/Reports. And....there he was. This guy is all over the place.
Thanks for your service, ABCD!!
I still think of him as THX1138 in my mind because he is both awesome and strangely befitting in many ways to that character.
Nice post Acc-Risk. Acknowledgement of others says much for you as well.
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|.||.||Post more than your overall utilization please|
You're a good man, again, I see your name in every thread, even those that some would consider redundant. I get tips from everyone but yours helped me the most, mostly mistakes I'm making. Again thanks. Here's to 700!