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FICO shot up 100 points?!

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FICO shot up 100 points?!

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 Smiley Very Happy

9 REPLIES 9
Super Contributor

Re: FICO shot up 100 points?!

Welcome to the forum and congrats on your success

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 10
Contributor

Re: FICO shot up 100 points?!

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

|CHASE VI SIG $38K|CITI DIVIDEND MC $27K|CITI DOUBLE CASH $12.5K| VIRGIN AIR SIG VI $23K|CHASE MARRIOTT VI SIG $26K|US BANK CASH + $23K| US BANK LOC $13K|AMEX PLATINUM OPTIMA $8.5K/AMEX BCE $25K|BARCLAY RING $8.5K|FNBO PLAT VI $35K|NORDSTROM VI SIG $20K|DISCOVER $27K|PATELCO CU VI $7K|TARGET RED $3K|JC PENNEY $6.5K|MACYS AMEX $4.4K|CITI SEARS $2K|CHEVRON $2.5K|FIRESTONE $3K|PAY PAL CREDIT $4K|SYNC RAINSOFT $14K| 1UCU $35K VI|. FICO 8 AVG: 750 AAoA 14.4 Yrs| Goal Fico 800
Message 3 of 10
Frequent Contributor

Re: FICO shot up 100 points?!


@cj99 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 Smiley Very Happy


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

FICO 8: TU-787 EX-768 EQ-757 Total Credit Limit: $647,750
Message 4 of 10
Established Contributor

Re: FICO shot up 100 points?!

 

 

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. 


EX 822
TU 834
EQ 820


Message 5 of 10
Frequent Contributor

Re: FICO shot up 100 points?!

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

Aug 14 - TU548/EQ582/EX535
>Jun 17 TU719/EQ709/EX686
Total SL: 210K across the board
Message 6 of 10
Valued Contributor

Re: FICO shot up 100 points?!

Nicely done!! Smiley Happy
Ch13 Discharge 4/15: Start Rebuild 10/15: GOAL 720    

GARDENING SINCE 5/16/16
Message 7 of 10
Valued Contributor

Re: FICO shot up 100 points?!

Congratulations!!   Very happy for you!    Smiley Happy

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Nov 2019: EX8: 850; EQ8: 850; TU8: 850 -- Middle Mortgage Score: 824
In My Wallet: Discover $73.7K; Cap1 Venture $39.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $16.5K; Cap1 Plat $8.4K; Barclay $7K; BoA Plat $21.6K; Citi TY Pref $19K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $270K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. .
Message 8 of 10
Valued Contributor

Re: FICO shot up 100 points?!

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

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 9 of 10
Established Contributor

Re: FICO shot up 100 points?!

Congrats

Goal: 700's by 11/1/2015 (all baddies will be gone)
Message 10 of 10
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