Hello all! First ever post on MyFico!
March 2019 Started at:
TransUnion: 529
Equifax: 520
Experian: 498
Okay, I've always been a "Cash is King" kind of person. Of course this was mainly because, you guessed it, young dumb bad payment history and bad credit! Well, 7 years had passed on 90% of my baddies execpt one Wells Fargo Auto Loan Repo(which should fall off within the next 4 months) and is only on my Experian Report. So I decided to clean up my act! Starting in March I had to dispute a couple items to get them removed(due to age)(and they were removed), and by April, I had my first Secured Citi Bank Card! Flash to May, and I was approved for a Capital One Platnium Card. And this month I was approved for a Credit One.(both unsecured)
Citi - $200 in April 2019
Capital One - $300 in May 2019(CLI to $400 June 2019)(pressed the button and what do you know!)
Credit One - $500
--------------------------------------
Total Credit Utilization: 28%
Not the best starter cards I know, but hey it's a start!
Since cleaning up my reports and actually getting credit, my scores have surprisingly incredited more then I thought was possible and are still moving upward every month! TransUnion hasn't reported this month yet, but I hear they run a bit behind and expect it to break 600 this month like Equifax.
TransUnion: 594
Equifax: 612
Experian: 646
Experian Fico Scores:
Mortage Leaning-
Fico 2: 720
Auto Lending-
FICO® AUTO SCORE 2: 742
FICO® AUTO SCORE 8: 650
Credit Card Lending-
FICO® BANKCARD SCORE 2: 727
FICO® SCORE 3: 640
FICO® BANKCARD SCORE 8: 647
I believe what is now hurting my score the most is the fact my avg. credit age is 2 months on TransUnion and Equifax.(please correct me if I wrong) But there are not reported derogs on either or collections. And everything is paided on time!
My wife and I would really like to buy a home very soon and can put down $30,000 now and probably $40,000 down in 6 months. Now that my background is semi cleared up, it's question time!
Will the Fico scores Experian lists really have any impact on a Mortgage Loan decision?(this numbers are more flattering)
Since I'm starting with pretty much a blank slate, do you all think my scores will increase enough over the next 6 months as the avg credit age increases and I receive CLI that I might be able to receive a half decent Mortgage Loan APR or even receive a Mortgage Loan period?!
Any insight, suggestions, or questions/facts I may of missed, that anyone would have would be AMAZING!
