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Success!!!!!!!!!!!!!!!!!

Super Contributor

Re: Success!!!!!!!!!!!!!!!!!

Fiscal responsibility, time and effort, and playing the game the way FICO wants it played. Seems to work
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 11 of 22
Valued Contributor

Re: Success!!!!!!!!!!!!!!!!!

WOW   the elusive 800  congrats
Message 12 of 22
Super Contributor

Re: Success!!!!!!!!!!!!!!!!!

Only one, not 3 yet. But I didn't expect even one until a few TLs got a little older. Maybe next year (summer next year) for the second
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 13 of 22
Valued Member

Re: Success!!!!!!!!!!!!!!!!!

Good deal!!
I just broke 701 with EX today after BK in 2003...feelin' pretty froggy myself!Smiley Happy
Message 14 of 22
Super Contributor

Re: Success!!!!!!!!!!!!!!!!!

Comngrats. Well on the way
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 15 of 22
Regular Contributor

Re: Success!!!!!!!!!!!!!!!!!

midnightvoice,  congrats!  i am trying deparately to break 700 and am still 35-49 points away.  would you mind telling us what your starting scores were?
Message 16 of 22
Super Contributor

Re: Success!!!!!!!!!!!!!!!!!

First - read this  Smiley Very Happy
 
 
Two years ago I was averaging less than 650.
 
6 months ago I was averaging less than 680
 
Then I started learning and playing the game the way FICO wants it played, and I am now averaging 750.  And I am fiscally doing exactly what I have been doing for 6 years, that has not changed.  Time is a great friend, but playing the game helps almost as much.
 
Everything is dragged down by EX, which can be more than 100 points lower than my highest score, in part because one of my two 10 year CLs does not report to EX.  In fact, my EX score has not improved over the last 18 months, even though I have not missed a payment for 6 years.
 
Nothing much will happen for the next six months, but in December inqs start dropping off and a couple of cards have birthdays, then next summer the last 7 year old lates drop off those reports that still have them.  So by then I hope to average in the very high 700s
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 17 of 22
Contributor

Re: Success!!!!!!!!!!!!!!!!!

So, may I ask, how long did it take you and how big of a hurdle was it for you?
Message 18 of 22
Super Contributor

Re: Success!!!!!!!!!!!!!!!!!

I have not missed a payment for 6 years, and in that time I have PIF almost everything every month.  I have carried a balance over about once a year on average, and not for more than a month.  Over that period I have paid more finance charges for using cards overseas than I have for having a balance.

 

For 5 years that did very, very little to improve my scores.  Last December I was pre-qualified for a new mortgage and saw the CRAs comments on my scores and decided to do something about it. I caught on to all the tricks, and became very disputatious with everything, applied for credit I didn't want, made my wife an AU, ensured that I had small balances reporting by paying twice a month, cleaned up everything that was cleanable (except EX Smiley Sad).  I learned who made hard pulls when (and grew to hate Cingular), became very careful about the things that matter to FICO.

 

For me, step one was to live within my means using anything possible (think long term, not short term).  Then I had to learn time was my friend.  What took the longest to learn was that PART of having a good score is a game.  Being fiscally responsible is necessary but not sufficient (any mathematicians out there?  Smiley Happy).  To really improve your score you have to follow their rules, which can be irritating, but really does not have a deleterious effect on your life.

 

Finally, I logged on here to finish up my education and have fun  Smiley Very Happy

 

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 19 of 22
Senior Contributor

Re: Success!!!!!!!!!!!!!!!!!

Smiley Happy
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 20 of 22