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Revelate
Posts: 9,765
Registered: ‎12-30-2011
Re: myFICO Fitness Challenge 2012 Wrap Up: How Did You Do?
[ Edited ]

Holiday fun, already reflecting on how the year has passed.  Have to admit, finding this forum and announcing a plan and sticking to it has been nothing but goodness for me.

 

Original plan:


Revelate wrote:

2012 plan:

- Jan: open up another secured card at old credit union

- Jan: take out a secured CD loan 3 year term USAA, cheaper way for installment tradeline

- Jul / Aug (depends on when they report sixth payment): finish off the unsecured personal loan

- Aug/Sep/Oct: depending on current FICO score, pull trigger on refinancing auto loan

- Dec: *maybe* try for an Amex Zync if scores look better, report gets a little cleaner, and mortgage is delayed as I expect

- Ongoing: depending on finances, figure out when to use the long stick to wake the tiger (IRS), might be paid but my documentation has been lackluster this decade

- Ongoing: seeing if I can get that collection removed



I hit nearly every single milestone with the exception of finishing the IRS issue and getting the collection removed (really didn't try hard on this one as frankly the collection is righteous from my own wayward stupidity).  Highlights from the year included:

 

- Hitting my goal score of 640+ in July, though my score has since flatlined at 643 for the last several months.

- Refinanced my car from 19.35% APR in August down to 5.99% (now 5.74% with DCU's good behavior bonus)

- Zynced just under the wire in October before it was discontinued.

 

Next year's plan is a theoretically simple two-step process (with some random score target since I've no idea anymore):

- Deal with IRS

- Get mortgaged

 

Have a wonderful holiday season and best of wishes and luck to everyone for next year!

 

Edit: Tale of the FICO score (EQ Beacon 5.0) for the curious:

01/01/12: 561

02/03/12: 571

02/24/12: 595

03/30/12: 608

04/27/12: 617

05/25/12: 619

06/29/12: 631

07/27/12: 646

08/31/12: 634

10/01/12: 643

10/26/12: 643

11/30/12: 643

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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