01-04-2013 11:23 PM
I started the year without any credit history. Using one secured card exclusively, I was able to obtain a 768 MyFICO TU score and a 713 MyFICO EQ score in early September. As I applied for and obtained non-secured cards, my credit scores went on a bumpy road, hitting the bottom at 669 TU and 618 EQ in late November - early December. I finished the year with a 683 on EQ. I could've done better had I found this board earlier, but in retrospect, I think for someone as inexperienced with credit as I was, the FICO scores, as well as the 4-card, 10k-limit credit card portfolio, with which I ended the year were satisfactory.
I have this forum to thank for many good decisions I made during the year, especially toward the end.
On to 2013!!!
01-05-2013 09:05 PM
My TU score 02/12 when I joined was 652 and my EQ score was 636.
At the beginning of 2012 I had 4 paid collections, 1 30-day late, and 1 unpaid repo. I had 1 unsecured Orchard Visa with $400 CL and a GE Store Card with $400 CL
At the start of 2013 my TU score is 650 and my EQ score is 672.
I was able to have all 4 paid collections removed through GW's and the repo finally hit 5 years and remains unpaid.
I've since added a Walmart and Amazon store card. A barclay Visa, best buy MC, and 3 Amex cards (ZYNC, Gold PRG, and Delta Gold), and have 2 addtiional paid-in-full loans reporting from my local CU.
In 2013 I will continue to open new TL's. I hope to app for my local CU's CC, as well as a CC from USAA (Full member). I will close my Amex Zync when it hits 12 mo. and open another Amex product to futher assist my AAoA.
I will also begin sending GW's and/or PFDs regarding my repo since I'm now out of SOL.
01-09-2013 04:44 PM
Bought My Dream Home in 2012! Started this forum back in 2009 with a score of 578 EQ;602 TU and a bunch of collections, judgments and late payments. By the end of 2012 my scores had reached 720 EQ and 780 TU! I was able to purchase my home with a conventional 30 yr fixed loan and an interest rate of 3.4%. I could not have made this happen without this forum and the good advice given by its members. My score has gone down some due to the purchase of my home and some significant financing but I am confident that my 2013 goals will be met. Looking forward to a great year and great scores!
01-12-2013 09:38 AM
I think I did pretty good this year! I started out at 546 and ended the year at 640. That's with a bankruptcy and a foreclosure falling off my report, and several baddies falling off, too. I was able to open a Capital One Platinum credit card with a $1500 limit and had the limits on several cards raised.
01-12-2013 11:30 AM
Wow, so I am excited to start this challenge again. So I had some successes and some setbacks this year. Although I still don't have a job (working on it though), and I didn't reach my goal score (I got to 640 once but then that dropped), I developed and have stuck with many healthy financial habits that I did not have when I started the year off. Also, I got a huge victory when I got Honda to not only remove a 60 day late but also a charge-off! I can't really do much about Sallie Mae right now, especially since I don't have a job to make payments. Also, right now I have about 92% utilization (ouch) on my cards, so I will be paying those down this month and my score should improve.
My score is 576 EQ at this time.
January 2012 Starting Scores - EQ (591), TU (580), EX (576-BOA Pull)
Goals for 2012
1. Obtain Employment!
2. Get 1 to 2 secured cards to rebuild - COMPLETE
3. Keep util under 6%
4. Make arrangements on my SM loan so that it's not still reporting 180+
5. Raise credit scores to 650
6. PFD 2 accounts -COMPLETE
7. GW 2 accounts
01-12-2013 02:48 PM
I started here in late July, with scores in the high 500s and no open lines of credit. I had a total of 35 baddies across the 3 reports. My goal was to do whatever it takes to get my scores over 700 and apply for a mortgage in mid-2013.
So far, I'm very happy with my progress. Since July, my TU has gone from 632 to 702, EX 597 to 716 and EQ just missed the mark, going from 584 to 694. Two baddies remain on each report (%$#@ Barclay and Equable Ascent). I now have 5 lines of open credit and a new car loan. I'm confident that when I get my utilization down (currently 46%) and get rid of a few inquiries, all of my scores will be solidly in the 700s.
My goal now is to get that home!
Good luck all with your goals for 2013!
01-14-2013 12:25 PM
Congrats!!! Happy for you.
01-14-2013 12:33 PM
Sallie Mae is actually quite helpful when you are not employed. Be in contact with them, and see if they can help you with a forbearance plan that will help your credit. Good Luck!
01-21-2013 11:16 PM
Refinanced my primary residence from 5.375% to 3.75%; purchased new automobile at 1.49%. FICO scores took a minor dip.