topic Re: November 2019 Check In Thread in Take the myFICO Fitness Challenge!

November 2019 Check In Thread

Kenny — Fri, 01 Nov 2019 19:07:59 GMT

I know you are all hard at work with your credit goals. Have you progressed as far as you hoped? Were there any unforseen expenses that cropped up and may have thrown you off schedule?

As a reminder, participation in these monthly checkins is optional, but encouraged. The goal is to help keep you on track, so feel free to post your progress updates here. This is a no-judge zone; feel free to say what's keeping you up at night or give yourself a kudo for having it all together.

Did you hit any potholes or speedbumps? Achieve some milestones, either small or mighty? Change your goals or add new ones?

Let us know how you're doing!

Re: November 2019 Check In Thread

Remedios — Fri, 01 Nov 2019 19:17:19 GMT

Nothing happened between yesterday and today.

I have no goals at the moment because all of them have been met.

Would like to see some movement on TU and EX.

Re: November 2019 Check In Thread

Peazmom — Fri, 01 Nov 2019 19:17:37 GMT

October has been a pretty significant month. Overall CC utilization has dropped and I was able to secure several SP CLI (NFCU Flagship +$7K, Discover +2K, PPMC +1K). Working my way down to AZEO. Right now I've got 3/12 CC reporting...whittling those suckers down, one card at a time. Last night a charge off fell off of my Equifax report. That leaves only one charge off which is reporting to both Equifax and Experian. This one should be gone from both reports no later than March of 2020. I'm waiting for MyFICO to update my scores to see the impact of the CO deletions, but hoping to see a nice bump. One more task crossed off on the way to mortgage application target date goal 4/2020.

Re: November 2019 Check In Thread

Anonymous — Fri, 01 Nov 2019 21:44:55 GMT

Well my fear of loosing my oldest closed account from 2001 (closed 2009) has hit. My scores all of them took hits and dropped. My coveted FICO 08 850 is in the history books after twelve solid months. The other scores took the bigger dives. Even have a 797 now ... ouch!

Will add, I went from from one credit card reporting $15 to two cards reporting a total of $690. Suspect this is the biggest reason for the score drop. WIll slowly pay down the debt and expect score improvement.

As to the loss of old closed accounts, only time will fix that part of my profile. Did close a bank that I had had with credit and other services that was thirteen years but, that would not really affect much right now (I could not stand the bank any longer and it was time - score hit or not).

The loss on Oldest Account and Average Age of Accounts is the risk on closing credit cards and paying off loans. Thick files can handle it but the thinner ones 'ouch'. With out the big K in my past I had credit reporting to 1972 but lost it all in 2001.

Aw, such is life and I am not credit seeking so all my whinning is really for naught!

Re: November 2019 Check In Thread

Anonymous — Fri, 01 Nov 2019 21:19:30 GMT

October was a great month! I got 5 - 30 day lates deleted from my reports, however, EX only gave me 5 points for the removal. EQ & TU on the other hand gave me 15 points for those deletions! As a result I met goal score on EQ and both EQ and TU scores are in the good category. As long as I'm going in the right direction things feel great!

Re: November 2019 Check In Thread

Anonymous — Fri, 01 Nov 2019 21:43:33 GMT

@Anonymous the removal of those 30 day lates is great! Good work! You are on the climb!

Re: November 2019 Check In Thread

parzivalmx — Fri, 01 Nov 2019 22:03:55 GMT

This month has been very good. I finally got into the Chase cards and was approved for the CSP. Also, I called AMEX Mexico and they are sending me the Metal Rose Gold Card (I still have the plastic and they recently changed it to metal for exciting cardholders like 2 weeks ago).

Re: November 2019 Check In Thread

Lucifer — Sat, 02 Nov 2019 17:13:40 GMT

Hellloooooo Challenge Peeps.

Welcome to Nooooooooooovembaahhhhhhhh !

Just got my first Fako Vantage score of the month - seeing a gain of 5 up to 810.

Experian sent me an alert email saying my balances dropped but did not say anything about my score classification changing (which they did when I went from good to very good). Sooooooo I am worried my F8 isn't crossing 800 for yet at least another month.

November finds me at 4% aggregate, AZEO and that one being at 24%.

Like really - if my F8's stay under 800 any longer then it is just because FICO hates me.

No. Not hate.

Loooooooaaaatheeeeee

Time to get some work done.

Ciao.

Re: November 2019 Check In Thread

Anonymous — Sat, 02 Nov 2019 17:56:34 GMT

@Lucifer interesting that your Fico Scores are lower than your other scores. In my case it is the other way.

For me the biggest reasons I can come up with is the weight the other Fico and Vantage Scores put on Mortgage and Auto Loans percent of paid down balances. Another words DTI for me.

Re: November 2019 Check In Thread

Anonymous — Sat, 02 Nov 2019 17:59:19 GMT

@parzivalmx looks like you are hot and on the roll! The Metal Rose Gold Card is a nice extra

Suspect CLIs with Discover will come over time. For many years I got $500 but now they are up to $4000 a crack after eight years. Not everyone is so slow on Discover CLIs.

Re: November 2019 Check In Thread

Trudy — Sat, 02 Nov 2019 19:10:11 GMT

Just found this page/thread. I like! Suits me better than the Gardening thread.

GOAL: Other than getting back to 850 on TU and EQ my goal is to achieve this on EX and reduce debt...again.

PROGRESS: I was pleased my lone 30d at 6Y10M was deleted in October. Now all bureaus clean. Thought I'd see more of an increase as I received pretty large increases when it was removed from TU and EQ, but just glad it's clean. YAY!!!!

SMALL MILESTONE: Now after a needed expense in September I was able to bring my AGG UTL back to <8.9% and 1 individual card at 41% down to below 33%.

UNFORESEEN EXPENSE/POTHOLE & SPEED BUMP : But Wait!!! Says the Demon called Debt, you now have a 4K auto repair. WTH! Grrrr.

Oh well, back to the grind.

Re: November 2019 Check In Thread

Lucifer — Sun, 03 Nov 2019 14:24:30 GMT

@Anonymous wrote:
@Luciferinteresting that your Fico Scores are lower than your other scores. In my case it is the other way.

For me the biggest reasons I can come up with is the weight the other Fico and Vantage Scores put on Mortgage and Auto Loans percent of paid down balances. Another words DTI for me.

Until recently my F8's were above my Fakos....then ted closing in on 800 and the Fako vantage kept rising and the F8's hit the brakes. My F9 is sittting at 825 but I think that scale goes up to 900.

Ooooohhhhh lookey here....the Boa luv button has returned..... I think we know what Lucifer is doing later today !

Re: November 2019 Check In Thread

Lucifer — Sun, 03 Nov 2019 23:24:13 GMT

@Trudy wrote:
Just found this page/thread. I like! Suits me better than the Gardening thread.

Welcome to our humble thread where there is sanity and reason. Those gardening people are cray cray with their 5,000 pages a month.

Re: November 2019 Check In Thread

Remedios — Mon, 04 Nov 2019 14:24:40 GMT

@Lucifer you're wrong. I think it might be for the best if you avoid frequent dramatic mentions of thread you dont participate in.

It only leads to more drama, but more importantly, those who would participate here may not feel inclined to do so after reading that

Thank you

Re: November 2019 Check In Thread

Lucifer — Mon, 04 Nov 2019 19:29:27 GMT

@Remedios wrote:
@Lucifer you're wrong. I think it might be for the best if you avoid frequent dramatic mentions of thread you dont participate in.
It only leads to more drama, but more importantly, those who would participate here may not feel inclined to do so after reading that
Thank you

Well, I mean, opinions aren't really wrong but what's right is different for different people. And assuming I wouldn't gladly participate in either thread( I have in both) or with people from differing threads is well...assuming things. But thinking I have that much influence over people - well, I've gotten that blame for eternity :-)

Lucifer is a happy, welcoming devil.

:-P

Re: November 2019 Check In Thread

Lucifer — Mon, 04 Nov 2019 19:32:57 GMT

Nowwwwww, back to the issues at hand.

Lucifer just got his first F8 of the month.....

Drum roll please.......

802 Baby !!!!!! 802 !!!! Ohhhh yeaaa. This has been a long road. I still need to see if my other F8 made it to the hurdle but it will.

I know it says my starting point was in the 700's but we can go further back in time when Lucifer was the owner of a 3XX credit score and life was a freaking mess.

So to anyone reading this.... If Lucifer can make it to 800, so can you !!!!

Ahhhhhhhhhhhhhhhhhhhhhhhhhhhh. I'm just sitting here soaking in the moment - a moment that at points in my life, I though would never come. But. Here it is.

I have exceptional credit.

Re: November 2019 Check In Thread

Remedios — Mon, 04 Nov 2019 21:16:53 GMT

You should participate in both threads

Think of it like a credit mullet ...business in the front (here), party in the back (GT)

Re: November 2019 Check In Thread

Anonymous — Wed, 06 Nov 2019 18:29:43 GMT

I was doing so good. SO good. And then I just failed at the end of October.

I'm gonna take it on the chin though, because at least the purchases I made were for an investment and not just frivolous spending.

So, I ended up applying (and being denied) for two credit cards. One from Newegg and one from PNC. I was in the market for a new desktop setup for my freelancing gig. I had been planning this purchase for awhile now, but my laptop took a nosedive so I figured I should just go ahead and get it.

For the setup I got, I only spent about $900 in total. Which isn't bad for the type of computer I needed (think gaming computers, dual monitors, rgb lights and accessories lol yeah).

The bad news is that I squeezed those purchases on all three of my credit cards and they're all pretty much maxed out. (Commence the tomato throwing) I only have $1,600 in credit limit though...

So now, at least two of them are going to report maxed since my next payday is AFTER their statements closed. I'm noooot excited about the hit my scores are about to take but I'll be ok. Scores can still go up. And paying off a maxed credit card is still better than when I filed bankruptcy before.

Ugh, the whole thing just made me realize why I hated credit to begin with. I get WAY too card happy and I didn't want to end up in this position again. But at least it's minimal and I can pay it all down within the next two months, three at most.

It has helped me increase productivity in my workflow. So I feel like in time it'll pay for itself but MAN.

It feels TERRIBLE to be back in "debt" again. Even if it IS just a few hundred dollars.

Sorry about that. Hope everyone else is doing well!

Re: November 2019 Check In Thread

Anonymous — Wed, 06 Nov 2019 20:32:36 GMT

@Anonymous understand your pain and frustration! Most unfortunate and you did all that you could do. As you are more than aware, life happens! In the early days of credit building and/or rebuilding it is hard to obtain comfortable credit limits so we limp along!

Hang in there for awhile, it will improve but does take time. Credit is a slow build and not a speed race (speak with lot's of experience).

Had something similar happen and I had to use a Debit Card (money was in the bank but no credit cards with limits much different than yours). Took three try's to get the vendor to accept my payment method. No rewards or other card benefits but I did get the computer.

Re: November 2019 Check In Thread

Anonymous — Fri, 08 Nov 2019 15:46:17 GMT

Thanks for the encouragement @Dinosaur! It's funny because now I'm kinda nervous about gaining more credit.

I'm gonna try to be a good sport and hold off on the credit applications and whatnot because like you said, it does take time.

On a brighter note though, today was payday and I paid one card down to zero!

WHOOP WHOOOOP! Lol how is everyone else?