Hi all :-)
I have decided to take on the 2012 FItness Challenge for a couple reasons. For the past year or so I have been rebuilding my credit by clearing up collection accounts and settling with a couple lenders. At this point I have become current on all accounts and expect a few of the negative accounts to start purging off CRs. This challenge is a great fit for me because right now my new focus is to establish a few good credit lines and increase my credit score. I really need to get the score up because I am expecting to be in the market for a car around the first of the year. So I guess my immediate goals are:
1. Pay off installment loan by year end (current balance of $1500)
2. PIF CC each month to establish/maintain a good payment history with new lines of credit (Capital One Rewards 500 CL and Walmart storecard 500 CL)
3. Increase score for auto loan (aiming for 720-750 range)
Starting Score: TU: 687 (MyFico, 4/15/12), TU: 659 (WalMart 8/6/12)