topic Re: FICO shot up 100 points?! in General Credit Topics

FICO shot up 100 points?!

Anonymous — Thu, 26 May 2016 21:07:58 GMT

Long time lurker, first time poster. This was too crazy not to share. Here's the Cliff's Notes version of my story:

2008 - had a bunch of unsecured credit cards become delinquent due to job loss

2009 - settled them for less than full amount with collections agencies

2010 - got a secured BoA Visa ($500)

2012 - applied for a few cards, rejected for all, so avoided applying for a while

2014 - got approved for a Discover ($1200 CLI)

2015 - charge-offs started falling off my report, and FICO started slowly increasing

2016 - used Discover CLI button 3 times, getting a 50% increase each time

Last month - last charge-off fell off my report

This month - FICO shot up from 677 to 779!

Here's a link if you want to see the score over the past year.

I can't really contribute much advice beyond what's already discussed here (never miss a payment, keep utilization low, and dispute the baddies like crazy). But I had to share this because it's a fantastic visualization of where the journey can take you. Next stop, 800's!

EDIT: Just realized I may have posted this to the wrong forum, so mods feel free to relocate if appropriate. Heck of a start

Re: FICO shot up 100 points?!

myjourney — Thu, 26 May 2016 20:49:47 GMT

Welcome to the forum and congrats on your success

Re: FICO shot up 100 points?!

Anonymous — Thu, 26 May 2016 20:57:37 GMT

CONGRATULATIONS! I enjoyed reading your Cliff Notes. I could have read more! Nicely done! Way to go!

Re: FICO shot up 100 points?!

Anonymous — Thu, 26 May 2016 20:59:34 GMT

@Anonymous wrote:
Long time lurker, first time poster. This was too crazy not to share. Here's the Cliff's Notes version of my story:

2008 - had a bunch of unsecured credit cards become delinquent due to job loss
2009 - settled them for less than full amount with collections agencies
2010 - got a secured BoA Visa ($500)
2012 - applied for a few cards, rejected for all, so avoided applying for a while
2014 - got approved for a Discover ($1200 CLI)
2015 - charge-offs started falling off my report, and FICO started slowly increasing
2016 - used Discover CLI button 3 times, getting a 50% increase each time

Last month - last charge-off fell off my report
This month - FICO shot up from 677 to 779!

Here's a link if you want to see the score over the past year.

I can't really contribute much advice beyond what's already discussed here (never miss a payment, keep utilization low, and dispute the baddies like crazy). But I had to share this because it's a fantastic visualization of where the journey can take you. Next stop, 800's!

EDIT: Just realized I may have posted this to the wrong forum, so mods feel free to relocate if approprite. Heck of a start

Congratulations!! Hard work and honesty always pays off!! Keep up the good work!!

Re: FICO shot up 100 points?!

Bman70 — Thu, 26 May 2016 21:00:55 GMT

Congrats! That's always a great moment when the last baddies fall off. It also emphasizes how much one derog can keep down your score. The Discover CLIs probably helped too, since they dropped your overall utilization dramatically.

Re: FICO shot up 100 points?!

Anonymous — Thu, 26 May 2016 21:03:02 GMT

Congrats on the jump ! It feels happier when you do all the right things and reap the rewards.

Re: FICO shot up 100 points?!

Anonymous — Thu, 26 May 2016 21:05:57 GMT

Nicely done!!

Re: FICO shot up 100 points?!

EW800 — Thu, 26 May 2016 22:09:33 GMT

Congratulations!! Very happy for you!

Re: FICO shot up 100 points?!

RonM21 — Thu, 26 May 2016 23:03:34 GMT

Congrats on the success!!.100 is a big move.

Re: FICO shot up 100 points?!

surferchris — Sun, 29 May 2016 01:24:00 GMT

Congrats