topic Re: May 2024 Check In Thread in Take the myFICO Fitness Challenge!

May 2024 Check In Thread

Kenny — Wed, 01 May 2024 11:14:39 GMT

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

As a reminder, participation in these monthly check-ins 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: May 2024 Check In Thread

keekers — Wed, 01 May 2024 13:46:09 GMT

My newest card hit 30 days yesterday and the first statement cut so it should start reporting. Since it has a 0% intro rate I'm using about $6500 of the CL for a house project so I can keep my cash in the bank. That amounts to ~32% utilization on that card (4% total) so I'm curious what the damage will be to my score once I look.

Re: May 2024 Check In Thread

Snook_on_the_Line — Wed, 01 May 2024 20:10:10 GMT

Rebuilding from a fico 8 of 505 since December of 21

Currently at my all time highs of 766eq, 758ex, 752tu

goals this month are to keep up my on time payments and let my profile continue to age.

my other goal is to join a cu this month and start building a relationship in hopes of a future credit card with a healthy limit with them.

I put in an app for a Penfed online savings account but they did not get back to me yet

email said I'd hear from them in three to five business days, It's been almost ten

I sent a follow up email to them with my application number yesterday. If I don't hear back by Monday I'll just pick a different cu

Re: May 2024 Check In Thread

kalli007 — Wed, 01 May 2024 23:08:53 GMT

@Snook_on_the_Line Try NFCU if you can. I am a member of PenFed, used to use them for my main checking but moved it to NFCU, not sure what's taking them so long to respond to you. Alliant is another great one to consider.

Re: May 2024 Check In Thread

mgood — Thu, 02 May 2024 04:27:24 GMT

May 1 , 3B pull:
Big jumps, especially on Experian. I was expecting a little, like 7 points on Ex 8, but it went up 27 points! (20 points over last month, but 27 over yesterday.)

Experian was the star of the show today:

8 up 20 to 797

9 up 22 to 808

2 no change, 758

Auto 2 no change, 762

Auto 8 up 22 to 806

Auto 9 up 22 to 811

Bankcard 8 up 30 to 834

Bankcard 2 up 10 to 766

3 up 4 to 764

Bankcard 9 up 22 to 818

10 up 17 to 778

10T no change, 782

Auto 10 up 23 to 785

Bankcard 10 up 16 to 780

Wow.

I didn't know what I had done to so impress them. . . . Then I looked back at some details in the report. I have a personal loan from PenFed. It usually reports a month or so behind where I actually am on payments. I recently got it paid down below 10% of the original amount ($909 of $10k). That is showing a balance of $909 on Experian but still showing $1231 on Equifax and TransUnion. The people here weren't kidding when they said you get a boost when your loan balance is below 10%.

Re: May 2024 Check In Thread

keekers — Thu, 02 May 2024 04:02:35 GMT

Awesome; congrats @mgood

Re: May 2024 Check In Thread

CorpCrMgr1 — Fri, 03 May 2024 15:11:47 GMT

Still gardening. May go for the Citi AT&T card. $250 SUB with only $500 spend.😁

Re: May 2024 Check In Thread

mgood — Fri, 03 May 2024 22:00:17 GMT

There it is! 😲

Goal accomplished.

When I started this I set my goal at 740. I said back then that when I reach 740, I'm going to raise the goal to 780. 740 came quick. 780 has taken a while. No, I'm not raising the bar to 800 at this time. I'm here and I'm happy about it. 🙂🙃🙂

I'm going to go buy a Corvette and mess up that score before my BCP reports 😎

EDIT: Equifax updated. Never before have I had an 800 on a FICO 8 score.

Re: May 2024 Check In Thread

keekers — Fri, 03 May 2024 19:00:44 GMT

Congrats!

Re: May 2024 Check In Thread

Junejer — Wed, 08 May 2024 02:47:01 GMT

Paid off my car loan and got pummeled. Down an average of about 23 points across the three. EQ took it the hardest at -27.

Made a major purchase and will carry a balance on a card for a few months. It's 0%, so all good, but will be maxed out for all intents and purposes. My scores will rebound in a few months.

New scores in siggy. They are all still above 800 for the time being.

Re: May 2024 Check In Thread

KateInquires — Wed, 08 May 2024 03:26:06 GMT

Ups and downs over the last few decades, as low as 500's at times- I am finally in the low 700's across the board! Never thought I'd see the day. With just a few more balances reporting in the 38%-45% range, in the past week i recieved a personal loan from Pen Fed to get those paid down (another day i never thought id see...penfed never offered a thing in 2 years!). I also opened my third Amex card, a BCP. Hoping it all evens out but either way, grateful to be out of the cold, dark, subprime world!!

Re: May 2024 Check In Thread

CaneVariant — Thu, 09 May 2024 06:28:20 GMT

What's up everyone? Not much to report. New card with Ally is reporting which gave a small bump. Learned that waiting until payment due date to make can backfire. Ended up with 68% utilization, whoops. 0% for the first nine months means no interest and fortunately I made a min payment early so no missed payment. Mission Lane is still not reporting. Might get another little bump when it reports. Otherwise just going to follow SoulMasters 700 in 24 months plan from hear on out even though I messed up the card application process. Going out to the garden to "Hurry up and wait" Cheers!

Re: May 2024 Check In Thread

Mdowning30 — Fri, 10 May 2024 17:57:25 GMT

As of today, for the first time, my Experian Fico 8 reached 700. My first FICO score to hit 700 im happy to reach that milestone. I've had my Vantage scores go past the 700s before and fall back down. Last month i was dealing with a Credit Limit decrease on one of my Amex cards that i had to pay down a certain amount in order to restore my limit, which fluctuated my FICO scores due to dropping my overall UTI.

Re: May 2024 Check In Thread

Creditwiser — Fri, 10 May 2024 18:09:07 GMT

Chugging along very well. All Fico 8's in low to lower mid 800's which is still remarkable to me since my BK7 in 2014. Keeping UTL low and no major purchases planned.

Re: May 2024 Check In Thread

Chazzay12 — Fri, 10 May 2024 22:27:14 GMT

Few days late for my check in. These really help me stay accountable for myself.
Scores are all up about 10-20 points due to getting some cards paid down. Making good progress. Sticking to the budget. This month I have 4 birthdays in my family, one being my son turning 3.. so some extra expenses there.

Amex decreased my limit, but I've since paid them in full to 0 and tried to increase my limit back but they said I need to wait 180 days since the decrease, which will be next month. No biggie.

Updates scores in my sig, I don't pay monthly right now to save a few bucks but am able to use free trials or my cards to find them which is handy.

Few inqs falling off, balances decreasing, accounts aging. Will be great for Jan 2026 when all my baddies fall off.

Re: May 2024 Check In Thread

denverguy67 — Mon, 20 May 2024 22:11:20 GMT

Hello, I haven't logged in to MyFico in about 3 years. There used to be something called the Garden that I was a participant in, and I think this is similar. My current Experian Vantage3 score is 688 and current balances are: PenFed $6800 (78% usage), Synchrony $4800 (84% usage), Mercury $2400 (69% usage), total $14,000 (50% usage). I just set a goal through Chase Credit Journey to get a score of 721 by 5/20/25. To do this will require: paying down each card to 49% usage, and paying down the total balance to less than $10,400. And no more applications. I hereby commit myself to this goal.