Hey Challengers! It's April 1st, which means it's time for our third monthly check-in thread. As a reminder, participation in these monthly check-ins is optional, but encouraged. The goal is to help keep you on track, so feel free to post your progress updates here.
How did the month of Marchy treat your finances? Did you hit any potholes or speedbumps? Achieve some milestones, either small or mighty? Change your goals or add new ones?
Let us know how you're doing! What have been your biggest accomplishments and obstacles so far in the myFICO Fitness Challenge for 2013?
I am checking in and starting the challenge, although not sure how to proceed.
The Challenge is a personal challenge by posting a accountability post of where your FICO scores are at now and where you'd like them to be at the end of the year, and what steps you plan to take to get you to your goal.
Hello Fico Challengers,
I am happy to report that I have paid one of my credit cards in full. I am so excited to be free of that bill. I had a financial set back at the end of March because I had to replace 6 spark plugs on my SUV which I paid in full November 2012. It cost $939 which were funds I would have applied to my next credit card I am working on paying off. The good news is that my vehicle is running like new and my husband thinks it will last another three years for sure. So I can pay myself the car payment every month and credit card debt. I still have $23,000 in credit card debt that I am slowly chipping away at, but I am seeing a lot of progress with the snowball plan. I haven't checked my FICO scores yet but I am anxious to see what they have done in the last three months. I am really hoping to get approved for a mortgage next May/June 2014. Good luck to everyone.
Last month, I sent out a G/W ltr. Though it was only one letter, it was with one CA for 8-10 medical accts. This shows up on all of the CR's for my husband and I, so I'm really hoping to get them removed. They have been paid, so I am keeping my fingers crossed. I have two other CA's on my report, one that is almost paid off. The other I'm still researching on - I thought it was already paid and it is showing up as not paid in full.
I had signed up in January for the quarterly monitoring, so today was the day for my new report and score. The new report did not reflect any new baddies - sign of relief there. The score did not change - but I wasn't too disappointed there. The upside was that the score did not go down. I've had one hard inquiry in the last 12 months - which I believe is good?
I am checkiing in with mixed feelings rght now. For some reason my Equifax FICO nor my Experian FAKO, but my Transunion has taken a 30 point jump! I'm excited, yet anxious to get the two to match. I have not checked my FAKO score for Experian, but I am hopeful that it will have taken a similar turn towards the better.
I have some items that will drop off this year, so that will be a welcome change. I am currently paying my CCs on time as well as the student loan I was able to pull out of default. A year ago I would not have thought it was possible to be 80-100 points higher after almost breaking down from finding out my scores were 490-495.
I am planning on opening an additional secured card to go with my current one but at $1000 limit to help increase my credit utilization information. I am working on PFDs to some of the smaller collections on my reports, and will keep you posted on the progress in that. I didn't want to send those until I knew I would have the money to pay if the CA accepts. Right now I have no OCs that I can work with so the PFDs are my best bet.
I am in the process of lookig for a new apartment, and I plan on taking my report info to the leasing office so that I can try and avoid hard pulls. Hopefully I am able to lease, but I am prepared for a higher deposit regardless.
I hope everyone is seeing positive improvement in April. We can do this if we just stay focused! Happy rebuilding to everyone!
April has started off on a good foot:
Now I'm just waiting for the $139 CA w/Debt Recovery for US Cellular to be removed from my CRs. After this falls off, I will start to work on the remaining medical collection I have for $534.