Reply
Member
JoshInReno
Posts: 12
Registered: ‎01-15-2009

Re: The Annual Disappointment

Sadly, I don't think so.

 

Combined credit card limits: $1600

Combined credit card balances: $1465

Utilization:                                    91.56%

 

92% is what is shown on my profile - so I don't think the consumer loan is/was factored in.

01/14/08 TU:620 EQ:573 EX:622
11/29/12 TU:636 EQ:633 EX:???
Member
JoshInReno
Posts: 12
Registered: ‎01-15-2009

Re: The Annual Disappointment

Interesting.

 

I have never paid on that judgement. How would a person go about checking the courthouse docket?

01/14/08 TU:620 EQ:573 EX:622
11/29/12 TU:636 EQ:633 EX:???
Community Leader
Senior Contributor
StartingOver10
Posts: 3,812
Registered: ‎03-06-2010

Re: The Annual Disappointment


JoshInReno wrote:

Interesting.

 

I have never paid on that judgment. How would a person go about checking the courthouse docket?


Most jurisdictions are online now. Try the Clerk of Courts section of your county to see your judgment.

The judgment is really holding you back as well as utility. That is a public record that will last for much longer than 7.5 years. Check the Nevada state statutes to see how long a judgment lasts in your area (if that is where you are). Typical is ten to twenty years and many jurisdictions have a renewal process. Also, the judgment has been accruing interest the entire time since it was issued. The interest is limited by statute, usually a prime plus type of thing, so check the statute for the permitted amount too. The judgment will prevent a purchase of a home with a mortgage. So you want to take care of it ASAP.  Consider getting in touch with the judgment lienholder to see if you can get it vacated in exchange for payment.  If they won't do that, then make sure you get a recorded Satisfaction for payment.

Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: The Annual Disappointment


JoshInReno wrote:

Interesting.

 

I have never paid on that judgement. How would a person go about checking the courthouse docket?


going from 90+ util to 9 percent util caused my scores to raise almost 100 points. and I have 5 negative accounts still showing, my high is 722 for TU

 

knock down that util and see your scores cruise up.. there isn't even a doubt about it... score simulator be damned.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Moderator
Shogun
Posts: 12,884
Registered: ‎04-15-2011

Re: The Annual Disappointment

I agree totally, IME the score simulators are practically worthless.  :smileyhappy:  


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Member
JoshInReno
Posts: 12
Registered: ‎01-15-2009

Re: The Annual Disappointment

Another year down, no real progress. :smileysad:

01/14/08 TU:620 EQ:573 EX:622
11/29/12 TU:636 EQ:633 EX:???
Valued Contributor
Scupra
Posts: 1,143
Registered: ‎07-12-2012

Re: The Annual Disappointment

What cards do you have and what are the limits/utilization?

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
691 EQ FICO 06/2014
684 TU FICO 06/2014
682 EX FICO 04/2014
$7k NFCU Flagship Sig - $8.5k NFCU cashRewards Sig - $15k NavChek - $2k Cap1 Quicksilver - $3k Barclays Arrival +
Member
JoshInReno
Posts: 12
Registered: ‎01-15-2009

Re: The Annual Disappointment

Utilization on cards is 63%.

 

It's dropping, but very slowly.

 

I think it's just time to accept the possibility that home ownership just isn't in the cards. A down payment and cash reserves are likely a pipe dream.

01/14/08 TU:620 EQ:573 EX:622
11/29/12 TU:636 EQ:633 EX:???
Established Member
Taylor4236
Posts: 21
Registered: ‎07-03-2012

Re: The Annual Disappointment

Hi Josh,

 

I think what Scupra was saying is: if you can tell us what the limits on your cards are vs. the current balance, some suggestions could be made on which cards to pay down first in order to boost your score more quickly.  It looks like the balances are coming down slowly so I'm assuming you're only paying the minimum balance.  Do you have any extra $$ you can apply to a certain card?

 

When paying down CC's, there's sort of 2 options...pay down the highest interest rate first, or pay off the lowest balance first.  The former will save you money in the long run while the latter will boost your score more quickly.  Sort of up to you on how to handle.

 

In general, there are situtations where the biggest hurdle is time.  It takes time to get past the errors you've made in the past and rebuild your score.  In my case, I had a foreclosure and while my score is *ever so slowly* rebounding, it simply takes time for the past to age off your report.  After 6.11 years of waiting, my FC is set to fall off in February.  I can't tell you how liberating it makes me feel to know that I've put in my time and will soon be rewarded for hard work, dedication, and perserverance.  My message to you is DON'T DESPAIR!!  It will get better!!  Your job is to do everything you can to correct the things that are wrong on your report and GW the heck out of any baddies.    Also - be creative in your approach and think outside the box!  Maybe you belong to a CU that would give you a loan with low interest rate, pay off the multiple TL's (keep them open!).  Or BT to a new credit card?  Just keep at it my friend.

I know this was long, so sorry about that, but wanted to encourage you to keep on keepin' on.  :smileyhappy:


Starting Score: 592
Current Score: TU676/EQ644/EX659 (3-15-14)
Goal Score: 700+


Take the myFICO Fitness Challenge
Valued Contributor
Scupra
Posts: 1,143
Registered: ‎07-12-2012

Re: The Annual Disappointment


Taylor4236 wrote:

Hi Josh,

 

I think what Scupra was saying is: if you can tell us what the limits on your cards are vs. the current balance, some suggestions could be made on which cards to pay down first in order to boost your score more quickly.  It looks like the balances are coming down slowly so I'm assuming you're only paying the minimum balance.  Do you have any extra $$ you can apply to a certain card?

 

When paying down CC's, there's sort of 2 options...pay down the highest interest rate first, or pay off the lowest balance first.  The former will save you money in the long run while the latter will boost your score more quickly.  Sort of up to you on how to handle.

 

In general, there are situtations where the biggest hurdle is time.  It takes time to get past the errors you've made in the past and rebuild your score.  In my case, I had a foreclosure and while my score is *ever so slowly* rebounding, it simply takes time for the past to age off your report.  After 6.11 years of waiting, my FC is set to fall off in February.  I can't tell you how liberating it makes me feel to know that I've put in my time and will soon be rewarded for hard work, dedication, and perserverance.  My message to you is DON'T DESPAIR!!  It will get better!!  Your job is to do everything you can to correct the things that are wrong on your report and GW the heck out of any baddies.    Also - be creative in your approach and think outside the box!  Maybe you belong to a CU that would give you a loan with low interest rate, pay off the multiple TL's (keep them open!).  Or BT to a new credit card?  Just keep at it my friend.

I know this was long, so sorry about that, but wanted to encourage you to keep on keepin' on.  :smileyhappy:


Exactly! If we can see your util % per card it would help us give you better advice on how to raise your score the quickest. Hang in there, the high util is most likely what's your scores down. It's probably not what you want to hear BUT, you probably don't want a new shiny mortgage payment while your util is that high anyway. Get the cards paid down and you will be in a much better spot financially which should relieve some of the stress!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
691 EQ FICO 06/2014
684 TU FICO 06/2014
682 EX FICO 04/2014
$7k NFCU Flagship Sig - $8.5k NFCU cashRewards Sig - $15k NavChek - $2k Cap1 Quicksilver - $3k Barclays Arrival +

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+