cancel
Showing results for 
Search instead for 
Did you mean: 

29 pts from the 700 club!

tag
Anonymous
Not applicable

29 pts from the 700 club!

It will happen.  I've come a long way from February 2008!  My Feb Equifax score was a 513 and now its at 661.  That's 148 pts!  Yeah!

 

A few things happened this month and some accounts that I had paid in Feb 08 popped up again as unpaid so I fought em off but Im still waiting for the dispute outcomes.  Those two accounts should get me to the 700 club I hope.  Smiley Happy  If not....three months of good payment history should do it.

 

Almost to my goal number.

 

Today  TU 671   EQ 661   EX 671

Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: 29 pts from the 700 club!

Congratulations.  It feels good to see it increase.  Credit scores are definetly something that has to be maintained on a regular basis.

 

My story:  I had been co-signed with a new-car loan when I first turned 18, but never needed credit cards.  So I thought I had decent credit because of the car loan, plus after graduating I was on-time paying off my student loans. 

 

However, during college I had accidentally signed up for a variety of credit cards;  someone had set up a stand in front of the bookstore, and was offering free candy for filling out some forms.  I had been told the forms were just "informational", and I was given a pack of M&M's for my troubles...yes, M&M's.  A college student got suckered into signing up for credit cards for candy.

 

Then a few weeks later one credit card after another came into my mailbox.  Luckily I shredded them all and in a year or two cancelled them, but the damage had already been done.  By the time I wanted credit (roughly 3 years later)  MBNA denied me, and demanded a guarantor (co-signer) before they would give me a Barnes & Noble Mastercard. 

 

Saying I was ticked off was an understatement.  I  demanded a free copy of the Experian credit report (free credit report laws didn't exist back then, unless you were denied credit).  I had no baddies; it was simply a lack of credit which caused the denial.  The car loan info was already close to 7 years old, and I was in deferrment for my student loans (lack of employment after graduating just in time for the dot-com bust).  I bought a FICO score and it was roughly 620.  So in 2004 I got a $500 CL PayPal Visa from Providian, an $8000 CL AT&T Mastercard from Citi, and began my credit journey.

 

I paid all the bills on-time, something that was extremely difficult sometimes because of postal holidays, slow invoicing by the cc companies.  Sometimes I was only given two weeks to (postal) mail payment.  Even when mailing the payment the same day I received the bill, sometimes it was processed with only two or three business days to spare of the due date. 

 

A year later my score had gone up to roughly 720.  Every 6 months Providian was automatically doubling my credit limit, from $500 to $1000 to $2000 to $4000.  Eventually (after they got bought out by the now-defunct WaMu) I was automatically raised up to $8000. 

 

A year after this, my score was in the 790's.  It finally settled around 810 or so, but crashed to 790 when I got a car loan, but shot back up when it was paid off.  It also crashed to the 770's when someone stole my Chase Visa card last April, and Chase re-issued the card.  So far I'm back up to 794, and thankfully have no problems just yet.

 

So if you've got no baddies, but no credit in general, you can get it up pretty fast (two years or so) by paying off the bills.

 

Dan

 

Message Edited by gbreadman on 12-11-2008 04:13 AM
Message 2 of 6
Anonymous
Not applicable

Re: 29 pts from the 700 club!

TU the only one to update so far.  TU score is now 701, up from 671.  Smiley Happy  The other two are EQ 661 and EX 671 so can't wait to see what happens when they update.  I've already started the settlement process for the last thing on my credit report....so that should update in Jan or sooner when I get my SIF letter from Ford. 

 

No debt, good credit cards....scores will already be in the 700s by then so it'll just be a wait and see what it looks like for 2009.

 

The way the economy is going, better to start with the bills paid.  Someone said this won't let up until 2010.

Message Edited by shawtycat on 12-13-2008 12:39 AM
Message 3 of 6
frugal
New Contributor

Re: 29 pts from the 700 club!

Great job! Smiley Very Happy

Message 4 of 6
Not_the_Point
Regular Contributor

Re: 29 pts from the 700 club!

Congrats on the score increases and good luck with resolving those disputes!

8/27/10 -
TU FICO 768
EQ FICO 763
EX PLUS 732

Message 5 of 6
niecey89
Frequent Contributor

Re: 29 pts from the 700 club!

Congrats, it is a great feeling and I am 51 pts from 700 club myself. My goal is February '09
FICO Scores 7/15/2008: EQ 600, TU 546, EX 490
9/17/08 - TU 571,12/17/08 649,3/16/09 638, 6/14 642
ScoreWatch 12/17/08 EQ 646, 1/2/ 09 664, 2/2/09 684,2/12/09 673, 2/16/09 688, 2/27 674,3/3 682,4/16 685, 6/28 679
1/2/09 EX 668 2/13/09 669
AS of NOV08 I am Credit card debit free. I AM A MYFICO.COM ADDICTED Smiley Happy ~
Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.