03-27-2007 08:36 PM - edited 03-27-2007 08:38 PM
03-28-2007 12:07 AM
I just signed up recently, this being my first post, but i wanted to say Brammys post is exactly how i feel. I was never taught the importance of paying bills on time, and how to manage money. My dad always told me "pay your bills on time" but never went into any detail as to how important it was. I'm at a point now where this score is dictating everything, from buying a home,to utilities, to anything else you can name. I think a big problem is people, especially parents, don't like to discuss financial issues with their children, or with anyone for that matter. It's always a big secret. At least thats been my experience. As for signing up for this, i'm trying to rebuild my credit, so i can buy a home for my family. I know its gonna take time, and its discouraging to see a low score and tons of debt, but i believe i can do it.
Message Edited by sjrosswog327 on 03-27-2007 08:38 PM
03-28-2007 01:40 AM
03-28-2007 11:20 AM
Probably the biggest FICO-killing piece of misinformation I was taught:
Only get the credit you'll actually use.
Don't ever want to spend more than $500/month on a credit card? Never have a limit above $500.
Man, if only I'd known that ages ago, I'd have handled things so differently.
04-17-2007 07:40 PM
Yes, without question, it can.
Take a look at mine, these are copied, with the hyperlinks removed, directly off of the MyFico score alerts that I use. Look from the bottom up, starting 9/21/2006 to 4/2/2007. Notice the jump on 9/30/2006, it is 53 points. Then, look at 1/13/2007, my score jumped 91 points. This shows a score increase of 172 points in four months. I use the MyFico and pay by the year. I have used them for the last two years and keep a close watch on my score. I made a mistake last summer in my finances, but rebounded quickly. The derogatory remarks are still there, but the score is back. I'll clear the remarks sometime in the next year or so, or at least that is my goal. Good luck with yours!
4/2/2007 703 Score Watch™ alert: Your score has dropped.
3/30/2007 704 Score Watch™ alert: Your score is unchanged
2/4/2007 704 Score Watch™ alert: Your score is unchanged.
1/19/2007 704 Score Watch™ alert: Your score increased past your target of 702.
1/13/2007 701 Score Watch™ alert: Your score increased past your target of 620.
1/7/2007 610 Score Watch™ alert: Your score increased past your target of 600.
12/12/2006 599 Score Watch™ alert: Possible higher rate on a new mortgage.
12/8/2006 601 Score Watch™ alert: Your score increased past your target of 600.
11/6/2006 592 Score Watch™ alert: Your score has dropped.
10/28/2006 599 Score Watch™ alert: Your score is unchanged.
10/25/2006 599 Score Watch™ alert: Your score is unchanged.
10/19/2006 599 Score Watch™ alert: Your score is unchanged.
10/5/2006 599 Score Watch™ alert: Your score increased past your target of 586.
9/30/2006 585 Score Watch™ alert: Your score increased past your target of 533.
9/21/2006 532 Score Watch™ alert: Your score is unchanged.
04-18-2007 05:27 PM - edited 04-18-2007 05:39 PM
04-19-2007 07:55 AM
04-19-2007 12:47 PM
04-21-2007 04:07 PM
04-21-2007 10:06 PM - edited 04-21-2007 10:07 PM
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