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First time over 700!!! (temporarily)

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Regular Contributor

First time over 700!!! (temporarily)

As I continue to do all I can to rebuild my credit, as of today, this is the first time not only one has been in the 700's but all THREE! I'm pretty friggin excited!

 

EQ - 715 (jumped +37 today)

TU - 704 (jumped +26 today)

EX - 718 (jumped +33 today)

 

As excited as I am, I realize this is a temporary jump but it's still a good thing. I got a glimpse of what I'm currently potentially capable of. Here's why Smiley Happy I had recently got a new NFCU platinum card for the 1.99% balance transfer. The NFCU card hasn't posted to the bureaus yet and today the third (last) card of my balance transfers updated to the bureaus and all old cards went from about 85% to 1%. So this is why it's temporary, it'll drop back down a little once NFCU updates to the bureas. I'm hoping to have that one card paid down to under 68.9% before the next statement cycle (March 2nd) just in case it updates after that so hopefully won't get as big of a hit.

 

I'm just excited because all my negatives are pretty old:

basically one collection about to fall off in a year. TU has an extra collection but hoping to get that removed early next month, next month will be 6 months early. 

I do have some old late payments on student loans, but my latest late payment was at least 3+ years old so it's hopefully starting to have less and less affect. 

 

But that fact that I know simply with utilization I can be in the 700's for the first time EVER in my life is pretty epic!

 

 

Current Score: EQ 704 | TU 692 | EX 697
Score highs: EQ 715 | TU 704 | EX 718 (02/2020)
Starting Score: EQ 616 | TU 614 | EX 585 (02/18/2018)
Goal Score: 700
Message 1 of 19
18 REPLIES 18
Highlighted
Valued Contributor

Re: First time over 700!!! (temporarily)

Congratulations!   That's a huge milestone and, though temporarily temporary, just knowing your scoring potential means all the world -- big confidence booster.  And just think... it's very likely that by the time you do get your debt paid off your scores may be even higher than +700s you see at this moment - exciting stuff to look forward to Smiley Wink

Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 05/2020: EX 780 ✦ EQ 758 ✦ TU 781
Current FICO 9s | 04/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.1 years not incl. AU / 3.5 years incl. AU
My AoOA: 7.3 years not incl. AU / 9.3 years incl. AU
Inquiries: EX 1/6 | 1/12 ✦ EQ 1/6 | 1/12 ✦ TU 1/6 | 1/12
Report Status: Clean


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 2 of 19
Highlighted
Regular Contributor

Re: First time over 700!!! (temporarily)

Thanks! and yeah exactly, when I do have the debt paid down more, more time will have passed which means more potential baddies to be further away and more positive data!

 

I feel like I have a good handle on everything now and it's a good feeling to not be stressed about any new bad things. just continuing down this path and waiting for the baddies to some day be fully gone!

 

Also is a good example of how much utilization plays into all of this and if you have high utilization how much of an impact you can expect once it goes down. But of course everyones profile is different so YMMV. 

 

I'm sure there's people with solid profiles and ONLY high utilization where it has less of an impact on them.

 

But due to timing, this is as realistic of a "simulation" as it gets haha. 

Current Score: EQ 704 | TU 692 | EX 697
Score highs: EQ 715 | TU 704 | EX 718 (02/2020)
Starting Score: EQ 616 | TU 614 | EX 585 (02/18/2018)
Goal Score: 700
Message 3 of 19
Highlighted
Valued Contributor

Re: First time over 700!!! (temporarily)

Congratulations, OP! Temporary or not, it deserves recognition as your scores will rise again! 👍




My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 4 of 19
Highlighted
Epic Contributor

Re: First time over 700!!! (temporarily)

A Peek over the fence, well done OPSmiley Happy

popcorn eating emoticon.gif

Message 5 of 19
Highlighted
Super Contributor

Re: First time over 700!!! (temporarily)

Congratulations on your success!

Message 6 of 19
Highlighted
Established Contributor

Re: First time over 700!!! (temporarily)

Congratulations!  As noted above, it should be celebrated and you've done the work and now you know what it takes.  You're going to have to change your Goal Score.  Been there done that Smiley Happy

FICO - 8: 11/19/20 AU 8 BC 8
FICO - 9: 11/19/20 AU 9 BC 9
F5,F4,F2 11/19/20 AU... BC...
Vantage 11/19/20
As of 11/19/20:
AoOA - 24Y8M | AoYA – 0Y0M | AAoA – 11Y6M
Open: 11 CC: (1 reporting 3.53% : 0.74% AGG UTL) | 1 PLOC | 1 MTG loan: 73.16% UTL
Closed: 1 MTG loan | 2 Auto loans | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 1/24 | (EX) 1/24
Message 7 of 19
Highlighted
Valued Contributor

Re: First time over 700!!! (temporarily)

congratulations!




Starting score - May 2018

June 2020

AAoA - 9 months
Message 8 of 19
Highlighted
Valued Contributor

Re: First time over 700!!! (temporarily)

Congratulations!

 

Yep.....keeping down utilization is the key....

FICO 8: EQ 800; EX 797; TU 793
Message 9 of 19
Highlighted
Frequent Contributor

Re: First time over 700!!! (temporarily)


@FirstAscent wrote:

As I continue to do all I can to rebuild my credit, as of today, this is the first time not only one has been in the 700's but all THREE! I'm pretty friggin excited!

 

EQ - 715 (jumped +37 today)

TU - 704 (jumped +26 today)

EX - 718 (jumped +33 today)

 

As excited as I am, I realize this is a temporary jump but it's still a good thing. I got a glimpse of what I'm currently potentially capable of. Here's why Smiley Happy I had recently got a new NFCU platinum card for the 1.99% balance transfer. The NFCU card hasn't posted to the bureaus yet and today the third (last) card of my balance transfers updated to the bureaus and all old cards went from about 85% to 1%. So this is why it's temporary, it'll drop back down a little once NFCU updates to the bureas. I'm hoping to have that one card paid down to under 68.9% before the next statement cycle (March 2nd) just in case it updates after that so hopefully won't get as big of a hit.

 

I'm just excited because all my negatives are pretty old:

basically one collection about to fall off in a year. TU has an extra collection but hoping to get that removed early next month, next month will be 6 months early. 

I do have some old late payments on student loans, but my latest late payment was at least 3+ years old so it's hopefully starting to have less and less affect. 

 

But that fact that I know simply with utilization I can be in the 700's for the first time EVER in my life is pretty epic!

 

 


Temporary or not that's some celebratory type stuff. It's so true that utilization has a large and fast effect on credit scores.

 

If a person needs to increase their credit score fast all they have to do is reduce their individual credit utilization which will reduce their aggregate utilization and when all is done and reported the higher scores will materialize.

 

Seeing what score improvement you could possibly get is a great motivator and that insider information will help you in the future when you decide to app for something.

Message 10 of 19
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