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I started rebuilding mid February 2016 and my EQ FICO was 575 with 2 judgments (2010 and 2011), 1 charge off (2013), 2 medical collections (2015) and 1 other collection (2013). I also have student loan lates. The only good was my AAoA and the Merrick card (opened 10/2015).
This was (and is) the worst of the 3 bureaus for me.
In February I opened: CapOne QS1 and Platinum, Amazon, Pier 1, VS, Walmart and Target
In March I opened: GM BuyPower card, JCrew, Care Credit, NYCO, Ann Taylor (SCT) and TJ Maxx. (I know. I went nearly a decade w/o credit and went app happy)
In April I purchased my car (~$13K) and closed NYCO.
In May an old Cap One charge off was added as a collection. I received CLIs on my Cap One cards.
In June I settled and got a PFD on one of the medical charge offs. I received a CLI on Target and Merrick, and I added American Eagle
The other medical collection will do a PFD but it has to be paid in full (the other was settled). I am paying that over 4 payments so will hopefully see that come off by October. The old charge off, First Premier agreed to delete last month so again, that should be off soon. I'm working on paying the other collection (from an apartment - not an eviction). And the most recent charge off is in negotiation with PRA so hopefully (fingers crossed!) I can do a PFD.
I am definitely in the garden and plan on playing the long game. I should be in really good shape by spring of 2018 when most of the inquiries fall off (I think I have 13 EX, 16 TU, 17 EQ).
(My EX started at 623 in Feb and is now 643. My TU started at 610 and is now 630)
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
My FICO 08 TU score is up to 640 from 614 last month.
FICO 08 Scores:
EQ: 584 (+12) via DCU
EX: 632 (-11) via Discover Scorecard
TU: 633 (-7) via Merrick
Focus is still clearing up baddies. I'll probably be stuck in the low 600s for awhile because of the judgments.
My util is at 33% which I know is a factor too.
I'm in the same boat. Stuck in the mid 600 range across the 3. I also have a couple of judgements that fall of next year. I'm fresh out of a 5 yr CH13 so seeing what is possible from you is great. Did you prequalify with CapOne or did you cold app?
All were cold apps besides Merrick and Buy Power.
I feel like I should give up. At least for awhile. There is no real optimizing with these judgments. The last one is due to fall off June 2018 and I'll also have next to no inquiries at that time so I'm just trying to focus on that time. Hopefully spring of 2018 I can get EE of the judgment and be clean on all reports.
6 months since my last post and 1 year into my rebuild:
As of right now, my scores are: EQ 691, TU 699, EQ 628 (DCU score as of 1/27). I expect my EQ to jump in March and hope to be a part of the 700 club on the other two by then.
What's holding me back:
Thanks!
I'm looking forward to getting and maintaining squeaky clean files