10-15-2012 09:09 PM
The title asks the question.
In terms of credit, or in general?
10-15-2012 09:15 PM - edited 10-15-2012 09:26 PM
In four years:
Hopefully married with at least one kid and trying for a second.
Have a mortgage in a school district that doesn't suck.
720 FICO, may be a stretch as I still have some paid negatives that won't be gone by 2016.
US Bank Cash+
Likely either Chase CSP or BOFA Travel Rewards Preferred
Some USAA card, primarly for limit and balance floating
May keep the Zync that long, if Amex lets me. Removing balance from FICO '04 calc for the complete win.
Possibly some other card to round out my portfolio depending how often I still continue to eat out (betting kinda rarely).
This all presumes that there is no changes in rewards in the industry (yeah right), but if I were four years ahead right now, that's what my target would be.
10-15-2012 09:17 PM
My BK was discharged the beginning of '10, 9 months later, two credit cards, one of them secured, $700. total credit line. Jump ahead one year, 3 cards, about $1500. in available credit and a high interest auto loan. Now, 8 cards, total credit line getting close to $10k, still have the auto loan (needs to be refinanced). By this time next year, I'd like to have about $15k in available credit (maybe more), getting into prime cards and the auto loan refinanced. Four year from now, hopefully what happened to me when the economy took a dive is just a story that I tell while sitting around with buddies once in awhile. I doubt I'll be back where I was before unless I come up with another good business idea. But I hope to not have to wonder if I'll be approved for credit when I want/need it. Maybe even a new mortgage.
Time heals old wounds and credit as long as you take care of them!
My Wallet - Barclay's - $3700. Target - $3000. Cap 1 - $2500. Merrick - $1000. Orchard - $950. Walmart - $700. JCP - $200.
App free since 9/2012
10-15-2012 09:23 PM - edited 10-15-2012 09:23 PM
The title asks the question.
Answer: not a freaking clue. The best laid plans of mice and men often go awry. And leave us with naught but grief and pain instead of promised joy.
10-15-2012 09:23 PM - edited 10-15-2012 09:25 PM
hmm ill play as well.
ill be 25.
no inq on reports.
aaoa with amex's help should be about 5 years by then so at least 730 scores (since i currently have no baddies and dont plan on getting any)
moving to san diego or pheonix. (from new england)
graduated with my double major in comp sci/business.
no school debt.(associates done already and debt is 0)
in at least a 1 year relationship with some brunette bombshell.
just taking life easy.
p.s. planing on buying a new car. towards the end of that pipe dream.
edit: this should probably get moved to the smorgas boards/
|Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)|
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012
|Amex Zync(Unicorn) |
10-15-2012 10:32 PM - edited 10-15-2012 10:44 PM
I will be 25.
Own at least 1 positive income investment home. $9k for the down payment and closing costs.
Have at least a BA degree with no student loans. Completed about 110 credits.
$50,000 in a diversified investment portfolio
Get current car paid off then get a different car with my own cash. Borrowed $15k from a relative and still owe them $3,900.
$250,000 in revolving credit limits with utilization between 1-4%. Up to about $20,000 longs ways to go.
Good stable credit score near 800
10-15-2012 10:35 PM
10-15-2012 10:54 PM
In general? I'll probably be doing the same thing I'm doing now, as I'm quite happy with where I'm at and how things are progressing.
Credit-wise? Who knows, products come and go so often these days. 4 years ago nobody had ever heard about the CSP. Now plenty of people want it, and I'm sure in 4 years time there will be something else that everyone wants.
10-15-2012 11:03 PM - edited 10-15-2012 11:03 PM