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Posts: 1
Registered: ‎01-23-2013
Re: Take the myFICO Fitness Challenge for 2013!

Hello.  I'm new to the Forum but have been monitoring my score obsessively since Spring 2012. I am so excited to take this challenge! My goals for 2013 are to leave the 681 CS behind and happily join the 700 club. I also want to apply for some prime credit cards.


The "Good":  In 5 1/2 years, I have never been late on w/a cc payment. I have 2 Parent Plus Student loans in deferrment that total $18,400. I plan to start making payments on these loans to help offset some of the accruing interest.  Mortgage is in my husband's name since he got a better rate solo.


The Bad: I have two accounts in collections. One is a chiropractic debt that I NEVER received a bill for.  Just happened to check my credit report in 2009 and there it was. The second is a $79 medical bill that I am honestly not sure how it slipped through the cracks. These are my debts and I plan on paying them--just not yet. I've read that once I pay them, they will be reopened & remain on my credit report for 7 years from the date of payment as opposed to the date they were assigned to my credit report which was 4 years ago.  So my plan is to leave them alone for now and build up my score and obtain my dream credit cards--then pay off the collection debt when I can "afford" to take the possible reopening hit to my credit. Does this make sense?


The Ugly: A $579 state tax lien from 2002. It is only on my Equifax CR. It dropped off of TU and EX in 2012. 


At the end of January my credit card debt will be $1900 and by the end of February it will be ZERO. I'm hoping this will increase my score 19 points. I have six revolving credit cards and my total CL is $7800. Two of these cards are subprime; five if Capital One is also considered subprime.


Any and all advice/observations are welcome. Here's to financial stability in 2013!

Starting Score: 681
Current Score: 681
Goal Score: 740+