Rebuilding Your Credit

[guydiver]

AAAWWWWW man........Got two cards paid off.  Still two more to go.  I got 8 points for my efforts.  Still have baddies.....and over 30% util.  But I got a plan.......Gonna have a 800 party, everybody invited.

[K_J]

Congrats

[2NE1]

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guydiver wrote:

AAAWWWWW man........Got two cards paid off.  Still two more to go.  I got 8 points for my efforts.  Still have baddies.....and over 30% util.  But I got a plan.......Gonna have a 800 party, everybody invited.

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you're saying that because your balance amount changed to $0 on two cards you got 8 point increase? I thought they didn't send an alert whenever balances decrease... at least that's what I was told. "SW alerts you only when balances increase"

[Adalen]

It doesn't.  The SW alert was probably because the FICO score changed and not due to the balance decrease.  The balance decrease effects your utility and the lowered utilization is probably what caused a score increase and the score increase triggered the SW alert.

Looks you've come a long way!  Congrats!  Hope to be in your shoes someday.  I also had a SW alert for increased score after a new account started reporting.  Small, but I'll take it.

[2NE1]

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Adalen wrote:

It doesn't.  The SW alert was probably because the FICO score changed and not due to the balance decrease.  The balance decrease effects your utility and the lowered utilization is probably what caused a score increase and the score increase triggered the SW alert.

Looks you've come a long way!  Congrats!  Hope to be in your shoes someday.  I also had a SW alert for increased score after a new account started reporting.  Small, but I'll take it.

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I noticed you have Apple on your wallet... as in APPLE FCU? so you're from VA as well? I recently got my car refinanced thru them! they lowered my 26.99% car loan interest to a 9.24%! they're my new fave bank!

[Adalen]

No, I actually didn't know there was a CU called Apple! lol  My Apple card is in reference to the computer manufacturer and financed through Barclay Bank.

[2NE1]

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Adalen wrote:

No, I actually didn't know there was a CU called Apple! lol  My Apple card is in reference to the computer manufacturer and financed through Barclay Bank.

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LOL! that was my second guess!

[guydiver]

Yes, the alert came from a EQ score increase. I figured I would get a bump when those two cards reported $0 balance. I should get another bump when the third card is paid. That will put me at <50% of revolving accts. reporting a bal., then another when I get below 30% util. I set my score watch to my current score so it alerts for any score change. I also have baddies due to fall off. That's the wildcard that should get me close to 800.

[FairCredBen]

you will see most of your scoring come once you get that util below 30% llecs has a guide out on it...

[rx30]

Was it your FICO score that jumped.  Im asking because I just within the last month paid 5 credit cards to zero and another 2 to balances of less than 35% util.  I havent seen a score change or alert yet.  Im really trying to be patient here. Any pointers.