09-19-2013 07:54 AM
I just started last week and I am happy to report that I received a letter from a CA agreeing to PFD! Also I was able to lower my util from 62% to 52% so I am hoping once these changes report I will see a nice boost in my score! Credit Sesame has me at 620 but considering SW was so low I doubt thats accurate... We will see!!
09-22-2013 08:00 AM
hi from what i see u need to keep payments current. creditors see late payments as a way to charge more fees and longer for u to get bal down. you need to close the extra cap 1 accounts its only dragging ur score down. i see u have 0 bal but it still shows u could use them. from my experience 1 or 2 credit cards is best to manage.
09-23-2013 10:16 PM
09-25-2013 04:14 PM
09-25-2013 06:00 PM
Well, it has been a long summer and last two years. Completed my RN program without accruing any new debt. I had serious credit issues and no means to fix them. So my credit score was EQ 525; lots of cleaning and EQ 622 as of today. Still working on getting my debt to credit ratio down; which is previous student loans. Unfortunately, the credit utilization on the is 76%. So my plans are to start paying anything on them WEEKLY; small steps add to big gains. PS just got a quicksilver from capital one; ironically, I never had a credit card, because i always paid cash for what i wanted.
09-26-2013 02:11 PM
Hey everyone, I'm starting this challenge and hopefully by next year IM in the overall 650+ range. I've seriously learned everything I know now from this site... And I started with a very small amount of knowledge in this department. They should of had a class in highschool for this subject and I would of done a lot better back then to be at a better place now, but oh well. I will work hard on gardening and removing baddies to meet my goal and I like to thank everyone who has been more than helpful with informing me on this subject.
09-29-2013 10:01 PM
I am late to the game for this year's challenge.
I started my efforts to get my credit life in order in June. Even though I have had professional help I am satisfied with what I consider remarkable success in reaching my goals. Only a few remaining neagtives and I do not foresee anything problems in their approaching disappearnce.
I just wanted to publicly state things are getting better, stop lurking so much, partcipate and perhaps contribute to the community.
Goal Score: 750
10-01-2013 08:43 PM
I was estimating my score changes based on prior history on my score. I figured that I will probably only get to 765 instead of my original target of 780 this year. It depends on how accurate I am on my predictions. That said, I should be able to hit 780 a year from now... just by keeping my nose clean and letting my accounts age. That said, I apparently missed out on one credit card reporting a higher balance that it actually had. It didn't see the payment I made the day before so my utilization appreared to be higher and thus my score didn't drop like I anticipated. So now I have to wait for the card's next month reporting cycle for it to show that I have made a serious dent in the balance.
I estimate that I can be credit card debt free about the middle of December provided I don't spend too much on Christmas presents. Or at the very least I will be under my target of 1-2% utilization. I've been throwing everything I can at debt reduction. Once that is done I will have some flexibility as this will free up my debt payments so I can add to my savings instead and build a rainy day fund and save for some home improvements next spring.
10-02-2013 02:20 PM
----You all have been a true motivation for me! Thanks...
I was hoping to find the October check-in thread, but I guess my update will be fine here as I just joined a few days ago.
Background--I am trying to purchase, build, and move into my first home (USDA) before December 2014.
I am trying to clean up my credit and get my score to 700 so there are NO questions around approval.
IRS Lien Paid/Released- 9/17 sent lien withdrawal to all 3 CRA- All but EQ have removed it
MD Tax Lien Paid/Released- 10/1 sent GW BEGGING for it to be removed
Victoria's Secret- sent GW letter to remove 2 30- lates for 2011
Sent TU dispute for all report innaccuracies
Scores boosted 8/13-10/13 EQ: 603 to 639 TU: 555 to 583 EX: 592 to 617
Victoria's Secret- CLI from 100 to 300
Cap1 Platinum- CLI from 500 to 750
New Cap1 Journey Card- $1000 CL
Berks Credit & Collection- GW letter to delete account from 2012 (paid 8/13)
RA Rogers- GW letter to delete account from 2012 (paid 8/12)
Credit Control Corp- GW letter to delete account from 2010 (paid 6/12)
$2700 Fairfax County Judgement- pay before 11/30, then file motion to vacate
$6800 Calvary Recovery- Set up payment arrangement before 12/30
Keep credit card utilization under 10% and start using the ones I haven't touched in a while
Review Experian report (update inaccuracies)
Continue sending GW removal letters
Good luck all--I will be checking in again when the October check in thread is added!
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