FAKO is a score that is just made up by whoever wants to sell a score and does not affect you as lenders don't use these .
FICO scores ARE used by lenders and are from fair issac corporation (myfico) . That are calculated differently. These are the most typical scores used by the majority of lenders.
I have been lurking for the past six months gathering the great information on this site which is the reason why my scores haven risen so much since October. I would like to contribute to this site and set a goal of 750 by the end of the year. gogogo.
I started visiting this site about a month ago and I learn something new every day. My goal is to rehab my student loans which are the only negatives I have with the exception of a few old medical bills that I have sent PFD letters for. Would really like to buy a house during the1st quarter of next year.
Signature line setting is under "my settings" then "personal profile" tab, then down three lines you will see "signature" just paste the html tag there. Best of luck!
I'm new to the myFICO forums and figured this would be a good way to grow.
A bit about me:
1) 22, college student
2) montly expenses never exceed $300, I never use more than 20% utilization
3) 1 CC (BofA CashRewards - $900 limit) from 6.5 months ago = first and so far only card
1) Increase credit limit for the CashRewards card - what is a good first increase amount? second? third?
2) Open a Cap1 Cash Rewards or Chase Freedom or other rewards card
Good luck to everyone!
I so miss the days when you could get your Experian FICO from this site as well...
One of my goals that I started the year out with was the to pay off 1 credit card...As of April, I paid off all 3....
Now I am starting to pay attention to my installment loans since those amounts would be easier to pay off in a full sum. I can definitely pay off 1 and I'm challenging myself to aggressively pay off 2. I don't really think my score is going to improve that much considering the number of installments I have on my account due to student loans but it is progress nonetheless.
I have been working since November of 2012 to begin correcting years of youthful financial mistakes. This year I want to increase my FICO score in order to purchase my first home.
I've been slowly paying off a boatload of debt for a while, but recently rocketed into another income bracket and started taking out big chunks of old debt.
I started conqering the old debt earlier this year, and I'm now seeing the great results on my score. Everything is paid off now--just waiting for the last few things to get cleared up!
My real goal is to get an the Delta AMEX Platinum Card, given that I travel a lot and book the travel myself. I've already been Delta Gold (god forbid I travel so much I get Platinum) The spend I'd have on that is well worth it, it's like I'm losing miles every time I book travel without it! ><