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Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

kind of a journal

[ Edited ]

Well I have been perusing these boards for a while now so I thought I would give my little experiences so far. I dont know my Ficos I only have Fico8 from Merrick to go off of. I got a 200 dollar secured card from Merrick bank last year in Feb and started with a 488 score from them. I had multiple derogs on report from early 2009. After one year my score went up to 598 on Merricks site. During that time I got a call from Jeff Cap to pay one of my derogs and get another cc in the process so I took that and recieved new card with 250 limit on it. I also blew the tranny in my car and had to get a loan from Springleaf. So score dropped 40 points after getting loan but I am well on my way to better credit. I hope to have sprinlgeaf paid off at end of the year. i am going to get a Harley secured card from my bank in the next few months, I am waiting till I have had loan and new cc for 6 months  before I get Harley card. I'm gonna take the payout I get back from Springleaf and tax return from next year and bump up the limit on my Harley card to around 2500. Hopefully all this will get me in the door for a Wally Discover which will lead to probably my last credit card... Discover. In the next 2 years I should then be able to get my final goal....... a Harley:smileyhappy:

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Valued Contributor
gdale6
Posts: 8,708
Registered: ‎12-13-2013

Re: just wanted to share

Good, sounds like a plan. Going forward avoid finance companies at all costs they decrease score, though this one was most likely the only option for you at the time. Good luck :smileyhappy:

EX Cred Ses 07/14: 770 ; EX Fico 04 V2 06/14: 775; EX Fico 08 07/14 778 ; EX Fico 08 BC 07/14: 800
EQ Fico 05/14 781 ; EQ MPM 07/14: 738
TU Fico 8 07/14: 719; TU MPM 06/14 706
Established Contributor
Lasardo
Posts: 738
Registered: ‎04-26-2012

Re: just wanted to share

Is your springless loan paid off ? I ask because the reason your score may have dropped is because of your card utilization. I suggest paying that off with your tax refund first.
CS 728- 01/13 from 554-12/11
Goal: 800
Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

Re: just wanted to share

Nah its not paid off but I don't see any problem with it being paid off by january of next year. That would give me a year with an installment loan. I can pay it earlier but i already have it so.... I will pay it for a year. And since it will be a year I should get maybe 900 back when I pay it off. That in addition to tax return should be about 2k to up my Harley card next year.

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

Re: just wanted to share

Not my only option. There is always dear old dad but i wanna do stuff without help

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Established Contributor
0REDSOX7
Posts: 561
Registered: ‎11-14-2013

Re: just wanted to share

I understand not wanting to use family for help. But in the end, I ended up needing to borrow from my parents. Paid them back finally. If you can do it without help, then by all means, go for it.
Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

Re: just wanted to share

I have borrowed in the past as well but....... like most f&f loans I have slacked on paying it back. Probably still owe him about 5k. The good thing is he thinks like me. I will tell you I am loaning it to you but I don't expect to get it back. My sister is the suck up one. He cosigned for a new car for her not to long ago. I digress though because I am not her and also have no child to take care of.

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

Re: just wanted to share

well i decided to poke the bear and see what happens. i disputed the 2 FP CO's that are on my report. they are paid so not much can happen. hopefully they cant find my info and they disappear :smileyhappy: who knows. not i until atleast the 19th of this month. then its on to continental finance. gonna try the 2008 ruling will see what happens im not sure if i do or dont fall under it. but again can't hurt.

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

Re: just wanted to share

shopping cart success. just got an express card. ten days i will know what they gave me. i prolly wont use it more than once or twice a year. they do have shirts that fit me real nice short and scrawny.

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Contributor
polno1234
Posts: 231
Registered: ‎03-22-2014

Re: just wanted to share

well i decided to poke the bear again. i disputed continental finance on experian report. it falls under the 2008 ruling so it should fall off. im hoping it will come off all three with one dispute. we shall see. i cant dispute on tu because i already have one going. cant dispute equifax there site has always been bugged for me. it never verifies my identity. so ill wait a month after all of the disputes are done and then sm them to see whats what.

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15

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