Credit Card Center Advertiser Disclosure

Reply
Moderator
Posts: 10,095
Registered: ‎01-15-2009

Re: March 2016 Check In Thread


Rockitect14 wrote:

Just started the challenge, but figured I'd go ahead and give an update on my actions this month. I began March with a 589 average, but have added to my cc base.

As of now, I was accepted for three accounts putting my CC total at four, and a CL of $9,000. 

 

NFCU - 6.5k (5.9k balance)

*CapitalOne Platinum - 2k (zero balance)

*Vicky's (SCT) - $250 (zero balance)

*Express (SCT) - $250 ($50 balance)

 

Goals for the next six months is to garden these four cards, which means paying down the NFCU and alternating purchases on the other three once per month. I will then reavaluate and look for a decent travel rewards card or potentially an Amazon card. 


Do remember though that if you're paying interest on any balances, don't look for any new credit that has great rewards (IMHO) One needs to make sure these balances aren't charging you more or keeping you in debt, so look for 0% interest transfer cards or something if you must look. Rewards are great, but if you're being charged more on the balances you have than you're actually making in your spending, what's the point? Has to make financial sense, you know? Best of luck! On the Express card and any other SCT, I'm assuming you're PIF on those, right? (Since they always have a high APR.)

Moderator
Posts: 10,095
Registered: ‎01-15-2009

Re: March 2016 Check In Thread


BrittNCali wrote:

Morning... I've been on this site way longer than intended this morning, lol... Anyhow... This month has started off fantastically. The end of last month, I got a mailer that I was pre-qualified for the GM BuyPower Card. I was not sure if it was a joke or a waste of a hard pull, so I let it sit. One day, I was on Victoria's Secret and finally, after months of trying, got the SCT pop up, for $350, I accepted. After accepting, I waited a few days and decided to try for the GM Card, approved $300. I tried more SCT stores and got the King Size Credit Card, with a $150 limit. 

 

I just plan on making payments this month, nothing exciting. The end of the month, I MAY try for a Barclays or a Cap One card. Dunno.... 

 

Finally glad to have more than a Fingerhut Account. 


Don't go too crazy on the SCT cards or store cards. Yes, they serve a purpose, but if you get a ton I think that devalues any potential major CC you'll be approved for in the future. And also, they'll be more likely to deny due to too many new accounts and other things just simply do to the thinness of your profile. (Garden for say 6 months to 1 year and try Capital One or other prequalifiers.) You'd probably be approved for a QS1 now if you got the GM card. With regards to the King Size card.. can you actually use this? If you do try Barclay, make sure you do garden for at least 6 months after opening it. (As you'll want to show any major lender that you're trying to build a solid foundation for your credit.)

New Contributor
Posts: 59
Registered: ‎02-18-2013

Re: March 2016 Check In Thread

[ Edited ]

helloSmiley Happy i'm waiting for the Ch13 (discharge 1/2014) and 4 inquiries (3/2014) to fall off all 3 reports, keeping credit usage around 7%, getting ready to refi in a couple of months, haven't opened new credit in almost 2 years.

(edit: i can't type proper dates today for some reason)


Ch13 filed 3/2009 : discharged 1/2014
Starting 2/16/2013:
EQ673 TU667
Current 5/15/2016: EX730 EQ842 TU838
Goal: 850

Take the myFICO Fitness Challenge
Established Member
Posts: 17
Registered: ‎03-07-2016

Re: March 2016 Check In Thread

 

Kenny wrote:

 

Do remember though that if you're paying interest on any balances, don't look for any new credit that has great rewards (IMHO) One needs to make sure these balances aren't charging you more or keeping you in debt, so look for 0% interest transfer cards or something if you must look. Rewards are great, but if you're being charged more on the balances you have than you're actually making in your spending, what's the point? Has to make financial sense, you know? Best of luck! On the Express card and any other SCT, I'm assuming you're PIF on those, right? (Since they always have a high APR.)


Kenny, 

 

That is correct, I will PIF the Express and Vickys every month as the APR is very high at 27%. The only acount with a carried balance is my longstanding NFCU which I'm paying down $750 every month. Thanks for the tips on rewards cards. I have plenty of time to research my next card (6-9 months) but I'm leaning towards a card with a specific use such as 0% for 6 months on large purchases or similar. 

 

Thanks for the feedback!



Starting Score: TU 587 EQ 600 EX 580
Current Score: TU 587 EQ 600 EX 580
Goal Score: 750 All


Regular Contributor
Posts: 126
Registered: ‎07-03-2015
0 Kudos

Re: March 2016 Check In Thread

Thanks Kenny =-)


Starting Score: 493 (6/30/15) | Current Score: 621 (as of 3/9) | Goal Score: 675 (By 12/31/16) | Total Available Credit: $1,300 (As Of 3/9/16)
|------$500 CL------|--------$300 CL-------|------$150 CL-------|------$350 CL---------|
Established Member
Posts: 27
Registered: ‎07-14-2015

Re: March 2016 Check In Thread

I posted in the 2016 thread, but thought I'd pop in here, too. My Transunion score just updated and increased 20+ points for paying down my balance. My other reports haven't updated yet, and the Transunion hasn't reported all of my payments, so I'm pretty psyched to see what happens when all of my reports are recognizing 9% util!

Starting Score (3/7/2016) 648 EX 631 TU 620 EQ
Current Score (3/18/2016) 699 EX 679 TU 672 EQ
Goal Score: 700


Take the myFICO Fitness Challenge
Member
Posts: 8
Registered: ‎02-21-2016

Re: March 2016 Check In Thread

[ Edited ]

My update for March 2016:

 

I have three medical baddies on my credit report. I read on the website MagnifyMoney.com (blog dated August 12, 2014) that if you have unpaid medical bills you will be “punished less”  with the new FICO 9 scoring model. Although that may be the case I still want them removed from my credit report.

 

The three unpaid medical bills totaling $326 ($59, $76, $192) will be paid off one per month.

 

I’m slowly but surly getting there. I’m just glad to finally tackle this and get my credit back in order.

 

I can’t say it enough that these forums are so invaluable. I am learning so much every day from the community. Many thanks to the community for sharing.


Starting Score: 03/05/2016 EQ 558 TU 561 EX 532
Current Score: 550
Goal Score:800










New Contributor
Posts: 51
Registered: ‎02-08-2016

Re: March 2016 Check In Thread

Things I paid off (charged off cards) are starting to reflect on my reports as zero balances and my scores are climbing a bit.  I did app and get two more cards.  I wanted that magic number of three, and now I'm sitting at that.  I'm pretty much in a holding pattern for now.  My myFICO scores as of 03/11/2016 are EQ 590, TU 594, and EX 614.

 

I keep obsessing over how slow it's going as I really want my scores to climb enough so I can get my dream car...


Starting Score: 02/08/2016: EQ 566 | TU 571 | EX 597
Current Score: 05/08/2016: EQ 636 | TU 632 | EX 655

Gardening until Mid July 2016
Established Member
Posts: 27
Registered: ‎07-14-2015

Re: March 2016 Check In Thread

Nice work, Tia. I'm in the same boat, waiting for my balances to report as being paid down and checking every day for updates. This process really does require a lot of patience.  😬


Starting Score (3/7/2016) 648 EX 631 TU 620 EQ
Current Score (3/18/2016) 699 EX 679 TU 672 EQ
Goal Score: 700


Take the myFICO Fitness Challenge
New Visitor
Posts: 1
Registered: ‎03-15-2016

Re: March 2016 Check In Thread

[ Edited ]

Hi Everyone!

 

So i'm officially taking the FICO score challenge to better the way i use my credit along with monitoring it. 

 

I haven't always been great at doing this (as you can see below) but if i want a house and a nice car one day then i need to start somewhere.

 

Here it to breaking bad habits and discovering new ones that will help shape my life in the future.

 

I'm looking forward to the road ahead!

 

Also, if anyone has tips or please feel free to share them with me since i'm new to this. 

 

In advance its greatly appreciated. 

 

Thanks 

hr>Starting Score: EQ 557 | TU 570 | EX 573 (3/15/16)
Current Score: EQ 557 | TU 570 | EX 573
Goal Score: EQ 700 | TU 700 | EX 700


Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.