01-28-2014 04:44 PM - edited 01-28-2014 04:56 PM
The credit world was never really explained to me early on in my life. I was irresponsible and treated every credit card or credit offer I recieved as "free money." I got my first credit line at 18 and defualted on it in 2 months. I've spent years trying to ignore my terrible credit and insisted I didnt need credit. Now im in my 30s and looking to buy a house in the future. I spent a year unemployed with a family to support and decided I couldnt keep doing this to myself. Ive spent the last couple months going over my credit reports and trying to get things in order. I opened a secured credit card a couple months ago and continue to make progress towards setting things right.
I thought it might help me stay motivated to join the challange. Im looking forward to getting past these "dark days!"
01-28-2014 04:46 PM
I. AM. READY.
Those three words weren't possible for me to type a few months ago, when I was ashamed and in denial about my credit picture. It was bad. It still is. But, belonging to this site these past 5 months has helped me feel better, do better, and start to get back on track. Am I happy with my credit score? Heck, no. But is is better than it was? Heck, yes! I am, for the first time ever, truly optimistic that I will be able to buy a house this year, and that, finally, I will have tackled and once and for all fixed my credit monsters.
My goals for 2014, in no particular order...
1) Crack 620 on all three scores.
2) Keep educating myself by reading these blogs.
3) Graduate my two secured cards to unsecured cards.
4) No new apps until absolutely necessary!
5) Get a real credit limit, not the toy ones I have now.
6) Confidently walk into a bank, any bank and all, and get preapproved for a home.
I started this journey 5 months ago, in August 2013 at a measly 475 midscore. By October, it was up to 501. Now, it is 578. I am diligent about checking my scores, scouring my reports for inaccuracy every two weeks, and disputing what I can, when I can. I have learned that this truly is a continual process, and not a given.
Good luck to everyone, and I look forward to reading about your successes.
01-28-2014 05:10 PM
With the help of the MF forum and all of it's members, I am finally starting to understand how credit is calculated. Now my goal is to get all of my finances in order so I can reach my goal.
01-28-2014 05:20 PM
Welcome to the challenge to all! Please check in regularly an dkeep us posted on your progress.
Good luck in 2014 and beyond.
01-28-2014 05:57 PM
Hello all. I'm new to myFICO and happy to take the challenge. I started in 12/28 with 629 middle FICO score (EQ). After spending about month deleting four collections accounts and an IRS tax lien filed in 2012 as well as reducing UT to less than 10% and using a card that was dormant my middle FICO score is 739. My FICO goal is now 800.
01-28-2014 07:17 PM
I'm in my 20's and have been lurking around the forums the last month or so and have already learned so much! Thank You all ! The plan is to bring my scores up to get a auto loan at a favorable rate in 2015 and to payoff my CC debt so I can build up a proper savings account. Thanks again, and I look forward to learning more from you all in the coming months!
01-28-2014 07:30 PM
I am new to the credit game. I carried bad debt (car repo) around with me for years and just paid it off in fall 2012, and have been slowly building my credit back ever since. I'd like to get my score up so that I can get a rewards credit card, buy a better vehicle, and own a home in 2015. Think it's possible?
Guns up, lets do this.
01-28-2014 08:21 PM
My first financial goal is to raise my credit score to 600, for starters. This is the first time I've taken an interest in my credit. When I was 21 I filed for bankruptcy because I had so much debt and didn't know what to do. I'm here to financially take charge of my life.
01-28-2014 08:57 PM
Hello. I'm new to this but I'm at the point in my life where I have had enough. Enough of people telling me no that I can't have that or I can't get that because my credit is not good enough. I am a 32 yr old man with a good job making 23 dollars an hour. I have a wife a seven year old son and a baby girl due in May and I want to get us into a house that we are buying and will be ours one day I don't want to have to rent for the rest of my life because I screwed up as a teenager/early adult.
01-28-2014 09:24 PM
I currently in the garden. My goal for this year is to make it to the 700 club and refinance my car currently pay 8% I started off December 2013 with a total of 11-14 baddies. Since then all negative items on TU have been deleted. I have 4 left on experian that will come off in Feb and I have 6 left on Exqifax. Since December 2013 I have added 12 new revolving accounts some SP some HP. I now have 20 revolving accounts. 4 of them I'm a AU. I have a total of 14-16 inquiries. Only 2 will age off this year. 5 inquiries are from a car loan that I have with Chase. I also have a student loan that has been in good standing for 10 years.
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.
* 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.
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.