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I'm hoping to rebuild my credit (My progress thread)

thornback
Senior Contributor

Re: I'm hoping to rebuild my credit

@Donna71281:

Oh wow. Are you able to pay it? Or can you afford the settlement? If you can do either without causing yourself financial distress, then i say go ahead and do it.
Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 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 11 of 54
Donna71281
Frequent Contributor

Re: I'm hoping to rebuild my credit

I'm just gonna settle. Then, in 2019, I'll try getting it off my report with the New York 5-year Purge Rule LOL
I have nothing to lose. 🤷🤷

"As only New Yorkers know, if you can get through the twilight, you’ll live through the night"
Message 12 of 54
thornback
Senior Contributor

Re: I'm hoping to rebuild my credit

Sounds like a plan. I'm super jealous, by the way. I'm soo close but yet soo freaking far from benefitting from the infamous NY Purge (Jersey). LoL.
Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 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 13 of 54
Donna71281
Frequent Contributor

Re: I'm hoping to rebuild my credit

Oh wow! My neighbor! TBH, I never even heard of it until coming here LOL Then again, I always had excellent credit in 800s (until 2014) and well.... here I am LOL
But I've made huge progress in a short period of time because of all the stuff I learned on here.

"As only New Yorkers know, if you can get through the twilight, you’ll live through the night"
Message 14 of 54
thornback
Senior Contributor

Re: I'm hoping to rebuild my credit

Yep, I found out about it when I started my rebuild too. I was searching for ways to get things removed and that little tidbit of info popped up - I was so mad! I used to live in NY - loved it - but that was the first time I ever actually regretted moving to NJ.

Congrats on your success thus far and best of luck with the rest of your rebuild!!
Personal Aphorism:
"Forget What You Feel, Remember What You Deserve"


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 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 15 of 54
kev2018
Contributor

Re: I'm hoping to rebuild my credit

Thanks for the advice tmr. I will pay it all off at once.

 

@ Newbie...I know vantagescore is looked down on by FICO users, but as of today, my vantagescore and FICO scores are all the same, or just 1 point difference. 582 (TU), 581 (EX) from myFICO dashboard (they went up slightly today). Vantagescore: 583 (TU), 581 (EQ).

 

My new $900 secured credit card made my fico scores go up a tiny bit, the same card that made my fico scores go up 10 points and 6 points respectively today, made my vantagescores go up exactly only 1 point today. So fico 8 is actually grading me a little more better than vscore.

Message 16 of 54
kev2018
Contributor

Re: I'm hoping to rebuild my credit

There's so many New Yorkers in this thread. I was born and raised there but I moved 6 months ago Smiley Happy

Message 17 of 54
kev2018
Contributor

Re: I'm hoping to rebuild my credit

A little insignificant update I got on March 1st:

 

Starting FICO 8 scores: 557 (EQ), 572 (TU), and 575 (EX)

 

Now: 566 (EQ), 602 (TU), 591(EX).

 

+9 points, +30 points, +16 points.

 

EQ has always been my toughest grader so I expect to always see it behind TU and EX. I've not made any payment on my $999.90 balance on my Cap1 card, this raise in FICO scores is just an increase of $900 on my credit limit for getting a new secured card from First Progress, that I guess lowered my utilization.

Message 18 of 54
thornback
Senior Contributor

Re: I'm hoping to rebuild my credit

That's great, @kev2018!

Imagine the boost you could get if you brought that Cap One balance down to $0.
Just sayin...🙄

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


Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 11/2020: EX 780 ✦ EQ 771 ✦ TU 781
Current FICO 9s | 11/2020: EX 793 ✦ EQ 780 ✦ TU 778
2020 Goal Score | 800s


My AAoA: 3.8 years not incl. AU / 4 years incl. AU
My AoOA: 7.10 years not incl. AU / 9.10 years incl. AU
Inquiries: EX 0/6 | 1/12 ✦ EQ 1/6 | 2/12 ✦ TU 0/6 | 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 19 of 54
kev2018
Contributor

Re: I'm hoping to rebuild my credit

Thanks. I will eventually. I got a settlement offer earlier today to pay $500 something. Not sure if I should pay in full or pay the settlement. What do you think?

Message 20 of 54
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