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June Check In Thread

Established Contributor

Re: June Check In Thread

2013 Goals:

 

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, related collection TLs DELETED on my CRs, new lender/servicer reporting pays as agreed!!!!!!

Two $500 CL cards, paid $0 balance, working on my third card $525 balance on $750 CL. $250 CLI granted on the $750 card, CLI denied on the two others.

A shiny new $500 Comenity Bank store card, I was not going to app but the salesgirl said they have a new bank and almost everyone has been approved-figured what the heck....BAM!

Two medical collections paid, no action on the GWs, showing paid in full on the CRs.

Payment arrangement on a school collection that does not report as long as I make payments....still making payments, this one will be around for a while.

All bills paid on time....going strong! 

Contributing 3% of my salary to 401K....8% return on investment YTD.

 

Up Next:

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.

Current Score: TU: 674 | EQ: 722 | EX: 717 | Last Inq. 2/16/15...Locked Up in The Garden
NFCU Cash Rewards $14K | Chase Sapphire Preferred $5K | Amex Blue Cash Preferred $6K | Cap1 Quicksilver One Visa $9K

Message 11 of 27
New Member

Re: June Check In Thread

I just opened myFico account and looking to get my overall CC debt ratio to below 15%.  I just recently graduated, so I'm happy with where my score is now, but can always improve my score.  Just got a new higher paying job, so plan on using that as a tool to really improving my score by paying down my debt.   I am looking to buy a car in the next two years, so definitely tracking my score until then to get the lowest interest rate!


Starting Score: 708
Current Score: 708
Goal Score: 730


Take the myFICO Fitness Challenge
Message 12 of 27
Valued Member

Re: June Check In Thread

Got a 20 point bump from 705 to 725


Starting Score: EQ728(11/06/2015), EX722,TR727(11/06/2015?
Current Score: EQ 728 11/06/15, EX 722,TR 727 11/06/15
Goal Score: 740 plus on ALL by end of 2016


Take the FICO Fitness Challenge
Message 13 of 27
Valued Member

Re: June Check In Thread

My immediate goal is to PIF two of my four CCs ($640 total).  I would like to REDUCE my overall utilization to less than 15% by the end of the year!

 

myFICO scores pulled today (WELCOME BACK EXPERIAN!!!)

06/18/13...EQ 773...EX 827...TU 777 (~28% utilization)

 

 

___________________________________________________

A journey of a thousand miles begins with a single step...

01/03/07...EQ 666...EX 629...TU 682 (??? util) post-graduation lender pull

01/29/08...EQ 718...EX 714...TU 704 (78% util) joined myFICO...THE BEST DECISION!

07/01/08...EQ 700...EX 765...TU 771 (55% util) mortgage approval

01/01/09...EQ 741...EX 736...TU 747 (~48% util) 3 months post-closing

05/12/12...EQ 723...EX Plus 740...TU 748 (~65% util) returned to myFICO following 3-year hiatus...ANOTHER GREAT DECISION!

06/18/13...EQ 773...EX 827...TU 777 (~28% util) meticulous gardening since May 2012!!!


Starting Score: (1/31/13) EQ 759...EX Plus 778...TU 777 (~38% util)
Current Score: (6/30/13) EQ 781...EX 829...TU 777 (~25% util)
Goal Score: (12/31/13) 800s across the board (10-15% util)

Take the myFICO Fitness Challenge
Message 14 of 27
Valued Member

Re: June Check In Thread

6 points to go to reach my first goal!  Refi on the horizon!

 

Your FICO® score has gone up to 614 on June 16, 2013.
 
Your FICO score may have gone up because the following factor is not hurting your FICO score as much as before:

  • You've made heavy use of your available revolving credit.

Starting Score 2012: 484 Starting Score 2013: 566 Starting Score 2014: 650
Current Score: 660
Goal Score #1: 660 - achieved! 6/28/14

Goal Score #2: 680
Take the myFICO Fitness Challenge
Message 15 of 27

Re: June Check In Thread

Hello, everyone!!

 

I am new to the FICO community.  Please keep me abreast on what the duties are on the Fitness Challenge.  My goal before the end of this year is to have a FICO score of at least 675-700 so that I can be approved for the best interest rates on credit cards, mortgage (preparing for purchasing a new house), and for a new car. 

 

Present FICO Score (as of 6/20/2013): 619

 

Goal: 675-700

Message 16 of 27
Valued Member

Re: June Check In Thread

 "My goal before the end of this year is to have a FICO score of at least 675-700 so that I can be approved for the best interest rates on credit cards, mortgage"

 

Not to be a bubble burster, but those goal scores will not get you approved for the best interest rates on credit cards and a mortgage. All other things being equal, you should be able to get approved for a mortgage and a credit card, but not at the best rates. For that you might have to be north of 720-740


Starting Score: EQ728(11/06/2015), EX722,TR727(11/06/2015?
Current Score: EQ 728 11/06/15, EX 722,TR 727 11/06/15
Goal Score: 740 plus on ALL by end of 2016


Take the FICO Fitness Challenge
Message 17 of 27

Re: June Check In Thread

Good enough...thanks!!

Message 18 of 27
New Member

Re: June Check In Thread

Am I too late for the challenge? 

 

Main goal is to buy a house around summer 2014, having a 750+ across the board is ideal, but in this situation you got to be ambitious, going for 780 across. 

 

Currently have four Cards, NavyFederal Cash Rewards (8000) Months, Military Star Card(4800) Months, Discover(3500) 13 months, and Kay Jewelry(7000) 10 months. Kay Card is the youngest and as of today I have canceled it, hoping on getting my account avg. up. I used Kay card once, there's no benefit to this card. 

 

Taking a Car loan next month in order to add diversify and to have an installment loan.

 

Not applying for any other credit.

 

Any other good tips? I am also trying to help my wifes Credit Score up, any advice?

 

 

 

 


Message 19 of 27
Highlighted
New Member

Re: June Check In Thread

27,20,13, and 8 months, appropriately 


LuisXIII wrote:

Am I too late for the challenge? 

 

Main goal is to buy a house around summer 2014, having a 750+ across the board is ideal, but in this situation you got to be ambitious, going for 780 across. 

 

Currently have four Cards, NavyFederal Cash Rewards (8000) Months, Military Star Card(4800) Months, Discover(3500) 13 months, and Kay Jewelry(7000) 10 months. Kay Card is the youngest and as of today I have canceled it, hoping on getting my account avg. up. I used Kay card once, there's no benefit to this card. 

 

Taking a Car loan next month in order to add diversify and to have an installment loan.

 

Not applying for any other credit.

 

Any other good tips? I am also trying to help my wife's Credit Score up, any advice?

 

 

 

 


27, 20, 13, and 10 months approprietly 


Message 20 of 27