cancel
Showing results for 
Search instead for 
Did you mean: 

August 2018 Check-In Thread

Highlighted
Member

Re: August 2018 Check-In Thread

For a quick update:

 

I just paid off my blaze credit card balance in full - I have my pier one store credit card left to pay in full. I also paid off two collections and looking to have it removed from my credit as soon as possible. My Transunion score is now moved from 572 to 608  I am really excited about that.

On another note, I am really tempted to accept credit one master card offer for $500 cl but I'm not sure - I really need advice. Should I accept their offer or be patient and wait for better card offers? 

 

I'm also noticing something strange - my credit scores are not matching across the different sources...is this normal?

Message 11 of 15
Established Contributor

Re: August 2018 Check-In Thread


@emtwo wrote:

For a quick update:

 

I just paid off my blaze credit card balance in full - I have my pier one store credit card left to pay in full. I also paid off two collections and looking to have it removed from my credit as soon as possible. My Transunion score is now moved from 572 to 608  I am really excited about that.

On another note, I am really tempted to accept credit one master card offer for $500 cl but I'm not sure - I really need advice. Should I accept their offer or be patient and wait for better card offers? 

 

I'm also noticing something strange - my credit scores are not matching across the different sources...is this normal?


Be patient and wait till your scores rise and apply for better cards that will work for you, once the collections you paid off are no longer reporting and hopefully are a pay for delete, your scores will bump very nicely. So will bringing down total utilitization, as you are paying off cards. Just down let all report 0 balance at statement cut, always let 1 and only 1 card report a small balance, you do not want to exceed over 8.9% of which ever card you choose, it's total credit limit. ie 1000 cl, no more than an $89 balance. Then you can pay it off and without paying interest and charge something small to have a small amount report. 

 

I would not go with the Credit One offer, it has served it's purpose with your other account, a sub prime starter card, most likely with a substantial  annual fee. Your in with Capital One now, and that is a move up. When your scores are in a good zone, Discover may be the next best card for you. I don't know how old your cc's are, but the less inquiries on your account the better. It takes 1 year for them to age off as far as FICO 8 scoring. A couple is ok, but if you have 5-6 hard pulls, it appears as credit seeking in a short amount of time.

 

As far as scores being near each other, it all depends which is and isn't reported on each bureau, it's not all uncommon to have a old account no longer reporting on 1 or 2, or a new one that does not report to all 3.

 

Congrats on the progress you have made! 

Starting Score: 2/23/2017 Score 8 EQ 651 TU 659 EX 679
Current Score:08/07/2018 Score 8 EQ 817 TU 833 EX 785
Mortgage Scores 07/23/2018 EQ 782 TU 773 EX 786
Goal Score: 760+ ATB FICO 8-Achieved 4/2018, Middle Mortgage Score 782-Achieved 760+ 2/2018
Message 12 of 15
Member

Re: August 2018 Check-In Thread

@Dolly Lama, thank you so much for this advice! Means a lot! I am glad I didn't take the offer - I actually called credit one to tell them that I was looking to close my current visa account(CL $600) with them because their annual fee was too high. I didn't even know that I still owed over $16 in annual fee that they didn't show on my statement until I called them. They were willing to drop the $16 balance in annual fee and give me a zero annual fee for the next three months. I accepted that and kept their visa card for now. Once my score is up, and I get better cards, I will definitely be dropping them.  I am now looking to  paying off my pier 1 credit card, once that is done, my next step will be to takle all of the collections I have on my credit. As of right now, it I have 3 left - I had 5 which I paid off. There is one in particular that I am trying to dispute with Toyota - it's regarding gap insurance which I paid for in the event I needed it.  My car was totaled some years ago and the gap insurance was to cover the difference in cost, however, toyota keeps coming after me that I have to pay them money which the gap insurance didn't cover and I'm saying no. Any who, that's that. 

 

As of today my FICO score is 632, Transunion score is 608 and EQ 579(I'm thinking this should change soon). So far, it looks like I'm headed in the right direction; thank you again so much!

Message 13 of 15
Member

Re: August 2018 Check-In Thread

I first of all want to apologize in advance for the many questions I have as I am still learning to navigate my way through...

 

I have interest in the Gold Delta SkyMiles credit card from American Express as I have plenty of travels coming soon - I also want to get my dad tickets to London. I read a few reviews where it is stated that this is a much easier way to get into American Express. They have a $0 introductory annual fee for a year that....and other incentives. I want to give this a try, but I'm apprehensive about my credit score decreasing if I get denied. My FICO score is now 632 - should I give it a try or keep waiting until my score increases a bit? The promotion ends on September 19 of this year. Any adivce will be highly appreciated. Thanks!

 

Message 14 of 15
Valued Member

Re: August 2018 Check-In Thread

It has been a pretty quite month on my side, I have really done nothing this month but just play the waiting game as my new cards age and waiting for the end of the year when my baddies will come off.  I did see a nice bump in one of my scores this month which was a very pleasant shock for me as I didn't expect it.

 

July Scores

EQ 681

TU 674

EX 708

 

August Scores

EQ 684 (+3)

TU 782 (+108)

EX 707 (-1)

 

I had no hard pulls and no new applications in the past 60 days now and don't plan on any for awhile.

Thanks again to everyone here for all of the great information that I have been able to find here.

Starting Score: EQ 659 TU 698 EX 701
Current Score: EQ 684 TU 782 EX 707
Goal Score: 750


Take the myFICO Fitness Challenge
Message 15 of 15