Take the myFICO Fitness Challenge!

[MyCreditSucksTheMost]

 I'm hopping to get as close to 700 across the board by the end of the year as I can, I plan to app no more, let my accounts age, and make sure I have a great Utilization %.

[puckguy23]

New to the challenge!

I've completed the purchase of my first home, and picked up a couple of nice new credit cards to eliminate the subprimes from my wallet. Now my goal is to not app for anything for a year, let things age, and finally get those collections to drop off!

[djnikki1]

My scores have bumped up Equ - 595 and Trans - 614.  I have a car now that I got last month and have made two on time payments.  Stil looking to buy a home next December so going to start sending out letters to collectors to settle and get it removed from my reports. I only have about 4 or5 to deal with, which is down from the 10 is was earlier this year.

[Lzzybeth]

Hello all,

A new challenger here!

I'm finally in a position to rebuild my credit after the numerous mistakes I made in my early 20s, which murdered my credit score. Charge offs, collections, an eviction, a repossessed vehicle and a wage garnishment - I think I covered it ALL. I'm lucky if my credit score was in the 400s and 500s, it stayed that way for many years.

Thankfully, all of those nasty marks finally fell off my credit report, the last of which was just last month.

GOALS

My end goal with my credit rebuilding to join the 700+ Club and qualify for better loan rates, whether it be a new to me car or a house Q4 of 2013. The same reasoning is being applied to my credit card goals.

Current Situation

• No credit cards.
• Saving 20% of take home income, for emergency fund or house downpayment.
• $3,000 installment loan from a local credit union, opened in February.
• ~$7,000 left on federal student loan, in good standing.
• A few medical bills in collections, no more than $1,000 owed - plan on knocking them out within a month.

2012 Plan

• Apply for a Credit Card

I'll apply with my primary credit union in mid-September. They use the Experian score and if 6 months of reporting on the new installment loan works in my favor, it might put me in what they consider the "good" rather than "average" credit score range. Wish me luck!!

I've truly enjoyed exploring this site and taking in all the advice found here, I've implemented many of the tips. I wish you all the best in your credit goals and look forward to doing some more reading!

[Stelinha]

Hi !!! Im starting with 691 but wanna go up to 740 -with 27,000 in CC is almost impossible ,I want to buy a house with a good rate next summer -wish me luck -this is my plan
Spread payments to lower CC
Pay off a GE loan $500
Pay off $800 of my departmental store
Pay another $800 of departmental store and have a 500 remain balance
This are my goal For the end of December and then I will reevaluate and keep my balances LOW !

[jt1966]

Reaching my FICO score dreams would mean a piece of mind and the luxury of relaxing as I start over from previous error's. Im looking forward to it.

[Twinkie87]

Hello All! 

I've been reading and researching the site for about a week now and finally decided to take the FICO Challenge!

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My Situation

BIGGEST ISSUES:

1. My mother neglectfully opened a Capital One CC in my name when I turned 18 (2005) ,w/o my knowledge, during her casino habit days and maxed it out $3,000+. I've been trying to fight the issue but no luck. Since then it has been charged off and bought by a nagging collection agency whom now reports 7,200+ on all credit reports..
2. Student loans (mixture of Federal and Private, Private outweighing Feds) in staggering amounts. Feds on IBR Consols Plan, 1 Private on Interest Only Payments, 1 Private in negotiations for forbearance. Estimated Debt: $200k+ (for just a B.S. smh)

SMALLER ISSUES:

1. A few closed retail store accounts that were late, but paid in full prior to close.
2. 2 or 3 collection accounts

POSITIVES:

1. 3 Retail store cards open and in good standing totaling $1,900 CL
2. As of 8-29-12 Approval for BOA Secured CC with $500 CL

My Goals

• Bring my CS up to 725
• Have Secured CC convert to Unsecured CC
• Qualify for a mortgage
• Qualify for lower interest rates
• (Long term) Finance a new vehicle

Now that I've found this forum, I'm more confident that I can take better care of my credit and have it reflect my matured  responsibilities. Wish me luck!

[EmpressLuv]

Hi all, new to forum as well and I must say I am happy that I found it...

My situation is student loans 100K (MPA) and not working in the field so not making what I should be making.  I have one baddie that have been pointed out to me, that if i take care of it I would be able to get approve for things. 

My ultimate goal is getting a house and I am hoping that student loans and that baddie does not prevent it.  I also want to be in the 700 range as well...not very far from it though.  I would also like to finance a new car but I don't really see that as much as a problem.

Good luck to all

[TNTransplant]

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Twinkie87 wrote:

Hello All! 

I've been reading and researching the site for about a week now and finally decided to take the FICO Challenge!

---

My Situation

BIGGEST ISSUES:

1. My mother neglectfully opened a Capital One CC in my name when I turned 18 (2005) ,w/o my knowledge, during her casino habit days and maxed it out $3,000+. I've been trying to fight the issue but no luck. Since then it has been charged off and bought by a nagging collection agency whom now reports 7,200+ on all credit reports.. 

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You need to check out the "Rebuilding Your Credit" threads - lots of info there on what to do about this.  You can file a police report and have this removed d/t identity theft - no need for you to suffer for something not your fault.

[TNTransplant]

Hi All,

Just thought I would check in to announce that I met my 2012 FICO Fitness Challenge - 4 months early! 

Thanks to all for the knowledge to be found here.

Now it's off to the garden...