Credit Cards Center Credit cards from our partners
Reply
New Contributor
Posts: 64
Registered: ‎03-25-2011
0

Phase 2 Complete

As of yesterday, the last payment on all my old debt cleared the bank!  Phase 2 of my rebuilding process is complete!

 

I started Phase 1 in November 2010 by pulling my credit report to see where I stood.  I sat down to figure out what I could pay immediately and what I would need to pay out over time.

 

Phase 2 started in November with me paying off smaller items:  a couple hundred dollars on a student loan that got missed in consolidation, and $150 on an old credit card.  In addition, I had two Capital One charge offs, which I set up payment arrangements on.  One was paid off in May, the other yesterday.  For the record, Capital One was great to work with... their collection agency not so much.

 

Now for Phase 3, which is waiting for baddies to drop off my report and never being late on a payment again.  Challenge Accepted!


Starting Score: 660 Jan 2012
Current Score: 693
Goal Score: 700


Take the FICO Fitness Challenge

Highlighted
Established Member
Posts: 21
Registered: ‎05-21-2011
0

Re: Phase 2 Complete

Great Job! I really enjoy reading these types of posts. It gives me hope on my adventure.....


Starting Score: TU 637 EQ 597 06/03/11
Current Score: SAME
Goal Score: 700+


Take the FICO Fitness Challenge
New Contributor
Posts: 64
Registered: ‎03-25-2011
0

Re: Phase 2 Complete

Thanks!  I was so certain I would end up screwing it up.  I had basically completely ignored my credit for years, always assuming it was hopeless.  I've even gotten past the obsessive credit report pulling period :-)


Starting Score: 660 Jan 2012
Current Score: 693
Goal Score: 700


Take the FICO Fitness Challenge

Senior Contributor
Posts: 4,289
Registered: ‎05-01-2008
0

Re: Phase 2 Complete

Excellent news!!!!  I know that feeling!  I remember getting crap 1 paid off...and Midland Credit Mgmt too.  I just felt...free!  During that 1.5 yrs paying those off, I'd even had older baddies drop.   I'd ignored bad credit for a LONG time! 

 

I had to laugh about the obsessive credit pulls!  Been there too!



Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 02/2015 TU 709 - EQ 676 - EX 729
Goal Score: 850

Bury me in the garden...last app 12.19.14

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.