Understanding FICO® Scoring

[haulingthescoreup]

MidnightVoice wrote:

haulingthescoreup wrote:

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MidnightVoice wrote:
How about a screen dump to jpeg and crop it?

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Ermmm... Might save that one for after the holidays!

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Did you do it? 

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Heck, no! Since I haven't the slightest Idea how I would do this. Besides, the holidays aren't over yet!

[sasmith71003]

Hello..My Name is Sasmith71003..and I too am a FICOholic

[haulingthescoreup]

Welcome, Sasmith! Yep, I guess if you're logged in to the forums on New Year's Eve, you belong here. Grab a cup of coffee and a chair!

[igdycsmG6]

Hello my name igdy, and I am a FICOholic. There I finally said it, it feels good to get it out, now on to the road of recovery.

[haulingthescoreup]

I don't know if you ever recover around here --you just get really, really comfortable! welcome aboard

[Tmleverage]

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haulingthescoreup wrote:
I don't know if you ever recover around here --you just get really, really comfortable! welcome aboard

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Yup even if you just check in once and a while and know the good folks here are still at it

for all of us too monitor occasionaly.

I am a FICOholic also.

[MidnightVoice]

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haulingthescoreup wrote:
I don't know if you ever recover around here --you just get really, really comfortable! welcome aboard

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You sure can learn a great deal also! 

[kaesmommie]

Thanks for this.  I thought I was the only one.  So, I have screwed up my credit for the last 10 years.  Late payments, no payments, over the limit, maxed out cc, you name it I have done it.  Now I am paying for it.  My credit score is 513.  I really want to do better but I just don't know where to start.  I hope I can find some support within this group and begin the journey of credit repair.

[MidnightVoice]

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kaesmommie wrote:

Thanks for this.  I thought I was the only one.  So, I have screwed up my credit for the last 10 years.  Late payments, no payments, over the limit, maxed out cc, you name it I have done it.  Now I am paying for it.  My credit score is 513.  I really want to do better but I just don't know where to start.  I hope I can find some support within this group and begin the journey of credit repair.

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You will find help and sympathy and understanding here (usually)

[marty56]

I am not a big Dave Ramsey fan but if you have a lot of CC debt (as I did) he talks about attacking the debt one card at a time with going after the account with the smallest balance first.  The idea is not unique to him but he is fun to listen to.

Also I used an excel spreadsheet to map out my budget for a whole year by pay date and shpwing what bills got paid when and how much extra money I had.  That made a world of differnce in living on a budget and I still use it today and will always do so.  You dont need Excel, even a a piece of paper would work.

Also it goes without saying always pay on time and if possible 48-72 hours before it is due.

I know we all want high credit scores but dont loose focus of what you are tryong to do with your credit.  Just having a 760+ FICO score means nothing if you dont have a plan in what yoiu want to accomplish.  Might be a home, car loan or even a prime credit card.  Aim high but take the slow route,

Also it is never too late to start.  I am 51 so I started late in life to lean up my credit act.