Re: Take the FICO Fitness Challenge for 2012!
09-29-2012 06:27 PM
Starting late is better than not starting at all, right?
I've used myFico off and on for years but never the forums before so - first post
Let's see - I make a great salary yet I struggle to pay my bills and on-time has been more than difficult. I also have developed the very bad habit of overdrawing my checking account (and the fees are horrible - I know) just to try for on-time - but I feel as if I am in a viscous cycle. I pulled my credit report today and discovered a couple of collections that I am not familiar with. I have accounts I owe a couple thousand on that by all rights should be in collections but I do not see them on my report; and I do not see any reference to my overdrawn checking account; or another closed / overdrawn account at my bank. My spouse hides bills. My lone Visa is not only maxed but overlimit. I believe my credit to be worse than my report reflects.
With all that in mind; I am also scheduled to convert the rent-to-own place I am living in, to 'own' at the end of this year. I talked to my landlord and I do have options - rent another year; or owner financed; but I really really wanted to get the place in my own name.
Back in the day my credit was 750. Now? I don't even want to find a mortgage broker.
My goals are to have enough money to pay my bills on time, set up an emergency fund, and to raise my credit score to the point where I can get a mortgage - which I believe the minimum is 620? Obviously the higher the better, which is why I am hoping for 650 by the end of the year.
Starting Score: dismal
Current Score: Equifax 567, TransUnion 609
Goal Score: 650 All
Take the FICO Fitness Challenge