Good morning! I just posted in the fitness thread, so I think I answered most of your questions there, but Season's Greetings, and Merry Christmas! Checked in for December and hoping 2014 sees me further ahead in my credit worthiness journey!
Good Morning all!! I met most of my November goals. I joined myFico forums at the end of September with scores in the mid to low 500s.
My scores as of today are TU:640 EQ:647 EX:665. I have two unpaid Midland accounts that are under CRA dispute (to be complete 12/6).
I reached out to my mortgage broker last week to find out if I should start applying now or wait until January. USDA review approval submitted 12/20. Hope to hear something back before the end of the year.
I plan to use one CC for most of my holiday shopping and make sure that I pay the balance down to 5%. My statement cuts 12/20. I plan to GW the last baddies left on my report. 2 paid charge offs, 4 paid collections (1 from 2012) and late payments on VS,
Target, and Suntrust (all from 2011 or before; so I may give up on these) Target deleted the TL for me 12/16 Yay!!!!
I joined the garden last month, then applied for Macys yesterday...because of 15% off.. back in the garden I go. Still haven't used the card yet, I will make sure I activate it before next year.
Best wishes everyone! Oh, and happy holidays!!!
I would have NEVER thought I would say I was addicted to rebuilding my credit! I came up with the following plan for December 2013. I have to say thank you to all of you!!! I have gone from 30 negative accounts to 9. I don't have any unpaid baddies on my CR!!!! Now, its time to get rid of what I can and maintain my new TLs. I guess it may actually be time for me to join the Garden Club for at least 6 months. I plan to start applying for mortgage loans Spring 2014.
I will work my credit report following a priority system for communication efforts:
PR, Charge Offs, Unpaid Collections, Paid Collections, Lates on Open Accounts, Lates on Closed Accounts
I will pay my balances before the due date and make sure the balances are $0 before statement cuts. 12/18/2013 is still my magic date.
Financial Goals for 2013:
I think financial goals should be balanced and tackle all aspects of fiscal health not just "pay down the debt". They should also address short, medium and long term issues. Kept all of the above in mind but my investments were a mixed bag. Some really good and 1 not so good.
Lastly, I want to figure out how to put both FICO Challenge logo and Spade logo on at the same time! Hmm, looks like I did, eh?
My November goals were met..
Paid off a car repo - also sent GW letters to remove the duplicate entries on my reports through Wells Fargo - Done
Paid off a 2 collections account and sent a GW Letter, 1 account was deleted. - Done
Made all my payments on time for the rest of my good standing accounts. - Done
Brought my credit card utilization down to less than 10% - Done
Pay off Kohls collections account - Send letter to remove duplicate entry with CO and Kohls - set to pay off 12-6-13
Pay off Amazon collections account - Send letter to remove duplicate entry with CO and Amazon - set to pay off 12-6-13
Keep Credit Card ulitization below 10%
1 hard pull inquiry due to fall off 12-9-13
Possibly pay off a large Capital One charge off account
Continue to send GW letters to remove duplicate paid accounts if they have not been removed when my Credit Report is updated for the month of December.
Start to build up enough savings to pay off my 401K loan...
I'm still working on my goals of getting baddies removed from my credit report. During November I was able to remove 1 medical bill, and I hope it reflects upon my credit score! Good luck to everyone on their credit journey.
I have achieved all of my stated goals:
Paid off all credit card debt
Paid off one of eight student loans
Raised credit score to ~780
Just closed on my first house
Replace high interest/no reward credit cards
Start investing some of the cash I have for higher income
Thanks myFICO community for all the good information and support.
I started working on cleaning up my credit in October.
Two collection accounts were removed thanks to GW letters.
With a GW to Credit One, an old charge off acount was removed.
I refinanced my car loan to a rate that was half the rate of my previous loan.
I paid off a little installment loan account.
I opened three new credit card accounts. (the limits are low, but I have to start somewhere)
All of my accounts are current.
And one of my three scores (EX) is above 600.
As for the holiday season, Thursday, I found out that I am receiving a bonus from my employer(totally unexpected), so my plan is to use that money for shopping and leave my cards alone.
I still have work to do. My scores are no where near where I want them to be, but my focus now is to stay current on all of my accounts and manage them effectively. Hopefully, over the next year I will see improvements in my scores. (I am a little impatient).
Hi all, so far so good. I finally broke 600 after several set backs this year. I am working hard and anticipating good things in the new year. My goal for the next 6 months is to pay off all credit card debt. I'm happy with my progress and will keep working to reach my 700 Goal. Good luck everyone and happy holidays!!!
looking forward to starting the 2014 challenge! newbie that has been trying to fix those little 3 numbers all alone. i now have a brand new friend to guide me and give me advice