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MooseMoney's Progress Thread!

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Re: MooseMoney's Progress Thread!


@moosemoney wrote:

@GrayCredit2018 wrote:
I was thinking of opening a discover secure - I was approved - do you think that’s smart for me - what’s your experience - I’ve been reading it’s a good way to go

That's what I did. You're starting ahead of me currently, and wayyy ahead of where I was when I got my secured Discover (I was 552 at that point). I am thrilled with my experience with Discover, so my personal opinion is to go for it.


when is your card due to graduate? I  might just pull the trigger and put $200 down. I don't really understand how it works. So i put $200 but $200 is available for me to spend immediately? I need to keep the utilization at 5% ? but I can put more money on it whenever I want? It's supposed to graduate i n7 months. do I have the idea right? 

Starting score May 2018 EQ: 613 -- TU:597 -- EX:608
6/10/2018 EQ: 613 --TU: 605 -- EX: 612

6/17/2018 EQ: 621 -- TU: 605 --EX 612
Rebuilding

Fako 633 (Credit Wise) and 614EQ Credit Karma

Message 11 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!


@GrayCredit2018 wrote:

@moosemoney wrote:

@GrayCredit2018 wrote:
I was thinking of opening a discover secure - I was approved - do you think that’s smart for me - what’s your experience - I’ve been reading it’s a good way to go

That's what I did. You're starting ahead of me currently, and wayyy ahead of where I was when I got my secured Discover (I was 552 at that point). I am thrilled with my experience with Discover, so my personal opinion is to go for it.


when is your card due to graduate? I  might just pull the trigger and put $200 down. I don't really understand how it works. So i put $200 but $200 is available for me to spend immediately? I need to keep the utilization at 5% ? but I can put more money on it whenever I want? It's supposed to graduate i n7 months. do I have the idea right? 


My 8th statement will be my August's, I believe. A lot of people graduate with their 8th, some people have to wait longer. What happens is when you "graduate," your card status is changed from a secured card to a regular card. Some people receive credit limit increases as well. 

 

You can add money whenever you want, correct. I opened mine with $200 then two months later added another $200 for a total limit of $400. When my card graduates Discover will mail me a check with my $400.

 

For utilization, the general consensus is less than 8.9% (so $17.80 of $200, or $35.60 of $400). 

Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 12 of 58
Community Leader
Senior Contributor

Re: MooseMoney's Progress Thread!

Im curious.. do you have some sort of installment loan reporting on your CR?

Also you still might be able to get some points for a third CC... but id wait untill the dust settles just a little bit... esp since your expecting another score bump.... perhaps in Aug? Smiley Wink

 

Congrats on the progress...

-J

 

Message 13 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!


@joltdude wrote:

Im curious.. do you have some sort of installment loan reporting on your CR?

Also you still might be able to get some points for a third CC... but id wait untill the dust settles just a little bit... esp since your expecting another score bump.... perhaps in Aug? Smiley Wink

 

Congrats on the progress...

-J

 


Thank you Smiley Happy

 

Open accounts I have two credit cards and a mortgage.

Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 14 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!

June End / July Start Check-in!

 

 

June Start

Action Taken

June End

Account in Good Standing
Discover Card

$400 limit

Reported Balance $20

  • Used multiple times throughout month, made payments throughout month
  • Accidently paid in full before statement cut leaving $0 balance on statement (dated 6/2), but in a stroke of good luck they reported $19 (4.75%) to the credit bureaus

Account in Good Standing

Discover Card

$400 Limit

Reported Balance $19

Account in Good Standing

Comenity (Ulta) Card

$300 limit

Reported Balance $0

  • Used card twice through month, paid in full for both purchases as soon as it would allow

Account in Good Standing

Comenity (Ulta) Card

$300 limit

Reported Balance $0

Account Current

Mortgage

63/84 payments on-time 

  • Attempted GW for removal of late payments reporting - request was denied
  • Continued making mortgage payments on time. Will show 63/84 on time (75%) until August 2019 when one 30-day late will age off

Account Current

Mortgage

63/84 payments on-time 

Derogatory Account

Applied Bank

Charged Off $920 bal

  • Did not work on this in June - will tackle soon
Derogatory Account

Applied Bank

Charged Off $920 bal

Derogatory Account

Credit One

Charged Off $0 bal

  • 06/08/18 - I emailed CEO requesting deletion due to it having been paid years ago
  • 06/13/18 - Received email back approving my request
  • 06/21/18 - Deleted from all three (TU, EQ, EX)
no longer reporting

Unpaid Collection:

Midland Funding

  • Successful Pay-For-Delete
no longer reporting

Unpaid Colletection:

The Bureaus

  • 06/01/18 - Enlisted Collection Shield 360
  • 06/07/18 - Received email from CS360 saying they filed dispute
  • 06/11/18 - Received packet from The Bureaus verifying debt
  • 06/21/18 - Deleted from TU
  • 06/28/18 - Deleted from EX and EQ

no longer reporting

(possible reemergence)

Paid Collection:

ERC

$0 Balance

  • was paid years ago - did not work on this in June - ages off in September 2019

Paid Collection:

ERC

$0 Balance

Closed Account in Good Standing

Credit Card #1

  • This card is 16 years old. Always paid on time and closed many years ago due to inactivity. Actually surprised it's still showing on my report.

Closed Account in Good Standing

Credit Card #1

 

Closed Account in Good Standing

Credit Card #2

  •  This card is 9 years old. Always paid on time and closed many years ago due to inactivity. 
 

Closed Account in Good Standing

Credit Card #2

 

Closed Account in Good Standing

Auto Loan

  • Car was paid off in August 2012. Perfect payments the entire time except one 30-day late in January 2012. Just waiting for that derog to age off in January 2019.
 

Closed Account in Good Standing

Auto Loan

 

Closed Account in Good Standing

Student Loan

  •  All payments made on time, paid in full March 2007. Surprised is still being reported but I'm not complaining.
 

Closed Account in Good Standing

Student Loan

 

Scores:

  • June Start:
    • TU FICO 8: 601
    • EX FICO 8: 605
    • EQ FICO 8: unknown
  • June End:
    • TU FICO 8: 615 (+14 this month, +140 overall)
    • EX FICO 8: 617 (+12 this month, +142 overall)
    • EQ FICO 8: 652 (no prior data)

Inquiries:

  •  June Start:
    • TU: 2 (age off Nov 2018 & Mar 2020)
    • EX: 1 (age off Nov 2018)
    • EQ: 3 (age off Nov 2018, Jan 2020, & May 2020)
  •  June End:
    • gardening, no change

Derogatory Accounts:

  • June Start: 5
  • June End: 2

 

Plans for July:

  • Work on that Applied Bank Derogatory
  • See if I can convince ERC to stop reporting that paid collection
  • Keep fingers crossed that The Bureaus collection doesn't reemerge
  • Use Discover card and pay down to $15 (3.75%) before statement cuts
  • Use Comenity Card and pay to zero before statement cuts
  • Keep trucking along on the mortgage, consider another GW attempt
  • Keep gardening (I get my bronze spade on July 1st Smiley Happy )
Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 15 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!

I'm looking closely at my CCT report, and apparently the ERC Collections is not showing on my EQ. That explains the huge difference between EQ and EX/TU. Hopefully I can get that ERC off, and maybe the other two will jump up ~40 points

Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 16 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!

July End/August Start Check In

 

Well, I did very little in regards to credit repair in July. I tried more GW letters and emails to my mortgage company regarding the late payments reported during my retention process (the last one is December 2016), and they refuse to budge. So, I just have to live with those and wait for them to age off. I'll have zero late payments on that account in.... January 2024 

 

The only other derogs I have left are:

 

  • A paid collection that is reporting to TU and EX, but not EQ. I tried disputing it with EX because it's with ERC and I heard they are no longer able to report/verify, but it came back as confirmed so I can put that rumor to rest. I may try just straight-up asking them if they'll stop reporting, but I"m not holding out much home. It ages off in September 2019, so not too much longer on that one.
  • A single late payment on an old car loan that ages off January 2019. I sent them a GW letter a few years ago and never heard back, so it is what it is. I'll leave it be.
  • An old credit card that was charged off but never sent to a collection company. It's with Applied Bank and I've heard if you call them and offer full payment they will stop reporting, so I am going to try that. I just need to save up the money to do so because I refuse to touch my savings for credit repair. 

 

Now for the changes this month:

  • Debt
    • I have been paying extra on my mortgage principle all year, and this month I had a new notice on my EX score (from the Discover scorecard site). The "Substantial Installment Loan Repayment" section is new. 
    • I paid down all but $5 on my $400 limit Discover It before the statement date, which is lower than previous months.
    • I paid my Comenity card in full before the statement date so this one reported a zero balance as usual.
  • FICO Scores
    • EX FICO 8 jumped 20 points from 617 to 637. The only thing I can think of to cause such a significant jump when I did not remove any major derogs is the above mentioned notice about "Substantial Installment Loan Repayment." 
    • TU FICO 8 remained steady at 615 - Kinda bummed about this but oh well I guess.
    • EQ FICO 8 - I do not have my August start score for this one yet. I canceled my CCT account because I am going to get a paid MF account instead, and I am waiting a couple more days so I know the score I get is updated from last month. 
  • Inquiries
    • No changes from last month
      • TU: 2 (age off Nov18 & Mar20)
      • EX: 1 (age off Nov18)
      • EQ: 3 (age off Nov18, Jan20, & May20)

 

August, I'm ready for ya! giphy

 

 

 

Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 17 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!

Side note, my first Discover IT statement was in February (account opened in January), so I may be up for graduation at the end of this month. My September statement will by my seventh, and I have been a perfect client, so I am hoping they will graduate me and give me a CLI.

Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 18 of 58
Valued Contributor

Re: MooseMoney's Progress Thread!

Keep at it, OP! Your post encourages me to start good-willing. 

 

Keep us posted on your progress! Smiley Wink

 

"Nevertheless, she persisted." Smiley Happy

Message 19 of 58
Regular Contributor

Re: MooseMoney's Progress Thread!


@creditwarrior2317616 wrote:

Keep at it, OP! Your post encourages me to start good-willing. 

 

Keep us posted on your progress! Smiley Wink

 

"Nevertheless, she persisted." Smiley Happy


Thank you! Heart It's very rewarding to see the changes in my scores every month. If I can do this, anyone can. (I started out with a TU FICO 8 score of 475 in July 2017! LMAO!) 

Total Credit Limit: $42,800


Starting FICO 8 Scores [01/01/17]

Current FICO 8 Scores [08/23/19]

My Progress Thread
2018 Year End Goal: 650 across the board - HIT 11/30/18!
2019 Year End Goal: 700 across the board - HIT 04/30/19!
Updated 2019 Year End Goal: 750 across the board
Message 20 of 58
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