08-07-2013 09:20 AM
I can't believe its August already. And while I was late with this post, hopefully you weren't late with any payments.
Speaking of which - how is your score these days? Is it in a position you are comfortable with, or are you still climbing? Were you able to save and raise this summer, or did a vacation create a slight plateau?
As always: 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.
From my perspective - my score actually rose since I've been working at myFICO. But with a new car lease, and a few expensive on going payments, my bank account has taken a hit. time to start saving up for the rest of the year to keep that score.
08-07-2013 01:21 PM
Have 2 kids, both freshman. One in High School and one in College. Just got through school shopping, buying books and paying tuition, purchasing son a new car.... I'm just broke. But glad to provide for the kids.
08-08-2013 06:48 AM
My Equifax score is not as high as I would like, but it has increased from when I began my credit improvement journey. My Equifax is currently 614; however, my Transunion score is 675. I know that this process takes time and I'm committed to improving my credit status and being a member of the 700+ club. In other news.... I applied and was approved for a Wal-Mart credit card with a starting limit of $600. Once I recieve the card I plan to call and try to get a higher credit limit to increase my available credit.
08-08-2013 08:42 AM
First let me say I'm happy I started this credit journey I feel like the first time in a long time I'm making better decisions about my finances. My score isn't as high as I'd like it to be but I'm continuing to make my payments on time. I just opened a secured credit card and my score has gone up from 579 to 600 in a very short time. I will stay at it and keep pressing towards my goal.
08-09-2013 02:40 PM - edited 08-09-2013 02:46 PM
You are right, our goals are achievable, if you followup on each account carefully. so far I am yet to send out GW letters, i am doing that in couple of days.
08-10-2013 11:59 AM
I missed posting the first few months of the year! I started with a 670 score and a large amount of debt at the beginning of the year from moving, purchasing furniture, appliances, and other items. In all I had over $7000 in credit card debt.
Today I have two remaining credit cards totalling $2700. I am building a home that will be finished in October. I can't wait to move in! I work and attend college full time. I'll be a home owner at 26 and graduating before I turn 27.
Goal: I want to hit a credit score of 800 by the end of the year. I also want to pay off the two remaining credit cards so that I can focus on paying down my car loan and adding a few hundred to the mortgage monthly.
2013 is a great year!
08-12-2013 02:25 PM
I finally registered,.after reading amazing discussions and suggestions about rebuilding credit.
Welcome to the forums! Good luck with rebuilding your credit. Dont' forget to check out the blog for other potential tips.
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