04-15-2013 06:21 PM
04-15-2013 11:08 PM
So this is actually my first month in the fitness challenge. It's really encouraging to see so many people in the same boat and working towards good credit.
This month I achieved my goals by
So I am very happy. Looking forward to what happens with the dispute and the DV letters.
Gardening til 01/14
04-17-2013 01:34 PM
I've been lurking for a looong time, but finally decided to get in-gear and start working to improve my credit scores. My wife and I are hoping to buy a house soon (late summer), but things aren't looking too great right now. I'm going to be doing some serious work over the next few months, so keep your fingers crossed for me!
My goals for April are:
Nice to "meet" you all!
04-17-2013 03:17 PM
I'm finally getting back on track this month. My credit score is slowing creeping back towards 600. I am currently at 572, in february it dropped down to 541. My credit utilization is still high at 40%, but I'm slowly, but surely getting my utilazation down. I am feeling encouraged with my progress and although its baby steps I am happy with this progress!
04-20-2013 06:57 PM
Joining the party here!
After a devastating one-two punch in 2011 of a job loss where I didn't get unemployment and a cancer diagnosis while on COBRA, the universe had a sense of humor and bestowed a high risk pregnancy two months after my surgery to remove the cancer! Finally, I am getting to a place where I am not on the fiscal edge of oblivion and can focus on getting my financial house in order.
Finish rehabilitating my student loans
Pay down credit cards to 9% utilization
Pay or settle all collections accounts
Pay all bills on time
Progress to Date:
Student loans out of rehab, picked up by a new lender, still no updates on the credit reports.
One credit card paid off ($500 CL), second credit card will be paid off end of month ($500 CL), third credit card balance $650 ($750 CL) should be paid off by June.
Two medical collections paid, CAs would not accept PFD so sent first round of GW letters out.
Payment arrangement on a school collection that does not report as long as I make payments.
All bills paid on time
Contributing 3% of my salary to 401K
Continue paying on third credit card to get it down to 9% util.
Save up to pay/settle a credit card chargeoff and another collection.
Wait for student loan tradelines to update to reports reflecting no longer in default.
04-21-2013 10:00 AM
Greetings! New to the group but excited to be here!
I started my crusade to repair earlier this year, I pulled my reports in December and saw what a mess each one was. TU was by far the worst, with over 20 collection accounts, many in error, and most double jeopard, with 1 collection account posted as many as 6 times by several different CA. A majority of these will pass 7.5 years since date of delinquency and last activity by mid-2014. UGH.
I've laid low the last few years, not pulling any inquiries or new accounts, nada...had the reverse negative result of actually lowering my overall score as I only had my car as an active account in good standing. Unfortunately, that will be paid off end of this year, which means I will have no active/open account and no activity for years. No loans, credit cards, line of credit, etc. Found so much helpful information on this forum!!!
I want to buy a house next year, and I qualify for VA Home Loan, but the bank requires minimum 625 score to be considered. So I started by opening a secured card with US Bank for $1,500, this helped almost immediately. That inspired me to get diligent, and do more to really get this thing into shape.
I started with a few of the accounts that were just plain wrong, sending a few letters to OC that collections for accounts belonging to my ex-husband (I was an AU, divorced since 2007). That resulted in a jump on Experian about 30 points!
As of this weekend, I am on a mission for 2013:
Improve scores into the 650 range
Remove all inaccurate, outdated information on credit report
Convert secured US Bank card to regular w/increased limit
Pay off my car, and puchase new one with better interest rate
Looking forward to it!!
04-21-2013 01:23 PM
I just signed up for the challenge, even though I've been obsessively looking at my scores since I started paying off all my old debts.
Just jumped up to 708 after an old Chase card that was closed on me ended up getting paid off. I'm still waiting for a $1,600 and a $2k balance on cards that I just paid to disappear from my report. Their statement closing dates are coming up next week! Can't wait until I get the ScoreWatch reports for those!
I'm also contemplating writing GW letters to two one-time missed payments on...but does that make a difference to AMEX?
04-22-2013 10:08 AM
Hello every one,
This is my first time doing this .....not to sure how it all goes but gonna wing it any way I have started on the journey to aggressively trying to to improve my credit and purchase a home. Right now I have a fico score of 570 , 592 and not sure of the top of my head what the third is. I hope to pull my credit up far enough to get financing by the end of the summer ( fingers crossed ) I have payed credit cards to $0 balance and paid collections that I had on my report. It has also been over a year since my late auto loan. I can't seem to do anything else to it to have enough of inpact to give it a bump up.....kind of at a Lull ! I could sure use some advice or suggestions from anyone that might have gone through something similar....PLEASE ! Thanks