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Today, my patience is depleted...I know these things take time, but this is a rough week.
Good News: 4 down, 7 to go and retail credit cards will be zeroed out by the end of Feb 2019.
Red=updates Bold Red=reported
Pay down progress below:
Jan - Amazon 0/580 (balanced chased from 700) PIF 1/4/19
Jan - Victorias Secret 0/900 (lowered CL from 1000) PIF 1/8/19 TU +2 pts, EQ +9pts.
Feb - Macys 0/800 (balanced chased from 2000) PIF 1/14/2019
Feb - Mercury MC 0/1500 (no AA yet) PIF 1/17/2019
Feb - Target 1650/2100 (no AA yet) Paid $350 1/26/2019 to get below 80% UTIL
Feb - Chase Freedom 2900/3500 (no AA yet) Paid $600 1/14/2019 to get below 88.9% UTIL
Mar - Amex Blue 4250/5000 (no AA yet) Paid $700 1/14/2019 to get below 88.9% UTIL
May - Pepco Visa 5900/6000 (no AA yet)
Aug - Cap1 Visa 7700/7750 (no AA yet)
Dec - NFCU Visa 18000/20000 (closed Dec 2017)
Feb 2020 - NavCheck 14800/15000 (no AA yet)
Mar 2020 - PSECU Visa 15500/15000 (AR - asked why my CS dropped)
I made it through the first 30 days of rebuild 2.0....mortgage scores improved overall; Fico 8 not so much.
EQ Mortgage Scores: 619 to 633 EQ Fico8: 585 to 583 (maybe because of disputes?)
TU Mortgage Scores: 628 to 629 TU Fico8: 604 to 609
EX Mortgage Scores: 563 to 579 EX Fico8: 592 to 597
Good News: 4 down, 7 to go and retail credit cards will be zeroed out by the end of Feb 2019.
Red=updates Bold Red=reported
Pay down progress below:
Jan - Amazon 0/580 (balanced chased from 700) PIF 1/4/19
Jan - Victorias Secret 0/900 (lowered CL from 1000) PIF 1/8/19 TU +2 pts, EQ +9pts.
Feb - Macys 0/800 (balanced chased from 2000) PIF 1/14/2019
Feb - Mercury MC 0/1500 (no AA yet) PIF 1/17/2019
Feb - Target 1350/2100 (no AA yet) Paid $300 2/2/2019 to get below 68% UTIL
Feb - Chase Freedom 2900/3500 (no AA yet) Paid $600 1/14/2019 to get below 88% UTIL
Mar - Amex Blue 4250/5000 (no AA yet) Paid $700 1/14/2019 to get below 88% UTIL
May - Pepco Visa 5900/6000 (no AA yet)
Aug - Cap1 Visa 7700/7750 (no AA yet)
Dec - NFCU Visa 18000/20000 (closed Dec 2017)
Feb 2020 - NavCheck 14800/15000 (no AA yet)
Mar 2020 - PSECU Visa 15500/15000 (AR - asked why my CS dropped)
Got an alert today....Chase reported 2600/3500 EX +6 pts which gets me into the 600s finally. Also Mercury Mastercard should be reporting PIF soon; payment is due 2nd of each month and statement cuts a few days later I think...It seems that EQ won't break 600 for a while. Probably because ALL of my tradelines report to them (good and bad).
Good News: 4 down, 7 to go and retail credit cards will be zeroed out by the end of Feb 2019.
Red=updates Bold Red=reported
Pay down progress below:
Jan - Amazon 0/580 (balanced chased from 700) PIF 1/4/19
Jan - Victorias Secret 0/900 (lowered CL from 1000) PIF 1/8/19 TU +2 pts, EQ +9pts.
Feb - Macys 0/800 (balanced chased from 2000) PIF 1/14/2019
Feb - Mercury MC 0/1500 (no AA yet) PIF 1/17/2019
Feb - Target 1350/2100 (no AA yet) Paid $300 2/2/2019 to get below 68% UTIL
Feb - Chase Freedom 2900/3500 (no AA yet) Paid $600 1/14/2019 to get below 88% UTIL EX +6 pts.
Mar - Amex Blue 4250/5000 (no AA yet) Paid $700 1/14/2019 to get below 88% UTIL
May - Pepco Visa 5900/6000 (no AA yet)
Aug - Cap1 Visa 7650/7750 (no AA yet)
Dec - NFCU Visa 18300/20000 (closed Dec 2017)
Feb 2020 - NavCheck 14800/15000 (no AA yet)
Mar 2020 - PSECU Visa 14900/15000 (AR - asked why my CS dropped)
@newmomnewme wrote:Got an alert today....Chase reported 2600/3500 EX +6 pts which gets me into the 600s finally. Also Mercury Mastercard should be reporting PIF soon; payment is due 2nd of each month and statement cuts a few days later I think...It seems that EQ won't break 600 for a while. Probably because ALL of my tradelines report to them (good and bad).
Good News: 4 down, 7 to go and retail credit cards will be zeroed out by the end of Feb 2019.
Red=updates Bold Red=reported
Pay down progress below:
Jan - Amazon 0/580 (balanced chased from 700) PIF 1/4/19
Jan - Victorias Secret 0/900 (lowered CL from 1000) PIF 1/8/19 TU +2 pts, EQ +9pts.
Feb - Macys 0/800 (balanced chased from 2000) PIF 1/14/2019
Feb - Mercury MC 0/1500 (no AA yet) PIF 1/17/2019
Feb - Target 1350/2100 (no AA yet) Paid $300 2/2/2019 to get below 68% UTIL
Feb - Chase Freedom 2900/3500 (no AA yet) Paid $600 1/14/2019 to get below 88% UTIL EX +6 pts.
Mar - Amex Blue 4250/5000 (no AA yet) Paid $700 1/14/2019 to get below 88% UTIL
May - Pepco Visa 5900/6000 (no AA yet)
Aug - Cap1 Visa 7650/7750 (no AA yet)
Dec - NFCU Visa 18300/20000 (closed Dec 2017)
Feb 2020 - NavCheck 14800/15000 (no AA yet)
Mar 2020 - PSECU Visa 14900/15000 (AR - asked why my CS dropped)
You are making excellent progress! I would just continue paying smallest to largest and these will be done in no time. Remember, they can't reduce your credit line below the balance, so if you pay off the smaller ones first, I think it is more unlikely you will face adverse action later by the larger accounts. Plus, you are already starting to see the psychological benefits of knocking these out and focusing all your attention (read money) on one account at a time. Paying the small ones may not necesarily boost your score the most because they account for a small portion of your utilization overall, so expect to see much larger gains further along in the process.
Thanks so much @rehab! I keep posting every little thing to keep myself motivated...but my patience is so low.
Actually got another alert a few minutes ago; EQ +11 pts to 594. Also found out that our work bonus might be a little higher than planned.
I am going to add a snowflake to my snowball when I get it. I might be mortgage ready by the summer.
I kinda gave up on the goodwill removal requests.....I will pick them back up in March or April.
Just got an alert from myFico - Comenity Bank closed my VS card.
I figured that some would close after I PIF but not VS...
I'm a bit disappointed because it was my 2nd oldest tradeline; opened in 2003.
Good morning everyone,
I have a few updates...but, I also have experienced a slight road block last month. I got my annual bonus and my increased mortgage scores and decided to try my luck at a mortgage loan...I put the earnest $$ (3k) down and was about to sign the loan disclosures yesterday. I was sooooo excited to be the owner of a brand new townhome ($307k). That was until I saw the required down payment, PMI, and closing costs.
I should be able to get the 3k back and I plan to use it to either pay Chase in full or lower the Amex Blue balance. I ran my numbers SEVERAL times and thought about what many of myfico family members have said "regardless of income, your min. payments and interest are too high to maintain", "what will you do in an emergency?", etc. In order to get the upfront funds, I would be draining 401k and I wouldn't have any money to continue my paydown plan. So.....I have returned to reality, a little sad but I move on! Paydown progress below:
Red=updates Bold Red=reported
Revolving
Jan - Amazon 0/580 (balanced chased from 700) PIF 1/4/19
Jan - Victorias Secret 0/900 (lowered CL from 1000) PIF 1/8/19 TU +2 pts, EQ +9pts.
Feb - Macys 0/800 (balanced chased from 2000) PIF 1/14/2019
Feb - Mercury MC 0/1500 (no AA yet) PIF 1/17/2019
Feb - Target 1350/2100 (no AA yet) PIF 3/6/2019
Feb - Chase Freedom 2900/3500 (no AA yet) Paid $600 1/14/2019 to get below 88% UTIL EX +6 pts.
Mar - Amex Blue 4250/5000 (no AA yet) Paid $700 1/14/2019 to get below 88% UTIL
May - Pepco Visa 5800/6000 (no AA yet)
Aug - Cap1 Visa 5650/7750 (no AA yet) Paid $2100 3/6/2019 to get below 78% UTIL (suggested by lender)
Dec - NFCU Visa 17300/20000 (closed Dec 2017) Paid $1500 2/15/2019 to get below 88% UTIL
Feb 2020 - NavCheck 14800/15000 (no AA yet)
Mar 2020 - PSECU Visa 13900/15000 Paid $1000 2/28/2019 to get below 95% UTIL
Installment Loans - most on direct debit autopay
PSECU Signature Loan 5300/10000
Pepco Signature Loan 2500/8000
Pepco Holiday Loan 0/1000 - PIF 2/28/2019
Pepco Vacation Loan 0/1000 - PIF 2/28/2019
ACE Signature Loan 8000/10000
ACE Auto Loan 13000/18000
I ran across your thread while searching for whether the NavCheck reports as a revolving line or an installment, and I've been riveted for the past few minutes reading through it. I wish you the best of luck and continued success in your journey to pay these accounts down and qualify for your mortgage. I know it must feel like your treading water to pay an account hoping to have the added benefit of improved utilization and then they balance chase or close the account. It will all work out in the end, I'll bet. I will also add in my experience, I don't believe Cap 1 engages too much in AA if you don't have a negative history with them directly so I might prioritize paying them to see the utilization benefits. Just my 2 cents. Congratulations on your success thus far!