I know you are all hard at work with your credit goals. Have you progressed as far as you hoped? Were there any unforseen expenses that cropped up and may have thrown you off schedule?
As a reminder, participation in these monthly checkins is optional, but encouraged. The goal is to help keep you on track, so feel free to post your progress updates here. This is a no-judge zone; feel free to say what's keeping you up at night or give yourself a kudo for having it all together.
Did you hit any potholes or speedbumps? Achieve some milestones, either small or mighty? Change your goals or add new ones?
Let us know how you're doing!
Reached my Fico 08 goal of 850 and have held it for a few months now. No particular reason to reach 850 other than the fact I clawed my way back from the cellar so it was a milestone of achievement for rebuilding my credit life. My rebuild journey started in 2001 and it was slow as I worked my way through the recovery process. The journey took eight years until I was approved for a big bank credit card. Even then, quality cards did not come my way until the 'big bad' dropped from the CBs (note: I did not realize forums such as this existed with many helps so I learned through the school of hard knocks and how to kick credit bureaus to the curb).
Reached my Fico 08 goal of 850 and have held it for a few months now. No particular reason to reach 850 other than the fact I clawed my way back from the cellar so it was a milestone of achievement for rebuilding my credit life.
Wow! Congrats on your score(s)......I see your beginning score as 000, lol. How long did it take?
Good morning fellow MF'ers. Slow and steady wins the race. Still have not obtained the 700 club just yet. Scores going up and down. But staying steady right around the 690 area. Giving myself another 2 months to get where I need to be. I have closed a couple of dead end cards which seemed to go no where. I have watched my scores lose 50 pts and gain back 40 points within the last 2 months. I know what its like to have a high balance report to my report. Continuing the journey while showing my kids the importance of credit (something I never learned). Great journey and enjoying the process.
And I had to go back and update to the silver spade.
Good morning MFers
I had a heck of a month - my car died, so I got a new car - a year earlier than planned, but thanks to working on my credit report and score, I got a good promo rate from my credit union. I had three financial goals for the year: 1. Finish my CD/emergency fund ladder 2. have a positive net worth and 3. pay down 10k in student loans.
Because of the car, I will definitely not meet 1 & 2, but I will just adjust #2 to "having a positive net worth, not taking the car loan into consideration." 1 is going to be skipped because my ladder is every three months and I will not have saved what I wish for the next rung on my time table. No big loss.
Overall, though - things keep improving - I got my goal card, the CSP in March, and my scores continue to rise, as baddies fall off. My partner added me as an AU to his credit card, which has definitely helped with the average age and gotten me a few points that I can see at Experian (TU should pull in a couple of days, and I will do a 3B pull in a week and a half when some stuff reports and settles).
My biggest goal at this time is to stay in the garden for 6 months. I should see a good number of inquiries become unscorable, everything should age nicely, all of my derogatories will have fallen off of EX & EQ, and my Disco will be a year old, so I'll probably go for the AMEX BCP since I buy enough groceries to make it work for me, even with the annual fee.
So, 268 days until Christmas!