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!
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.