Just a small update:
I did get my deposit account with NFCU. I'm busy getting it set up for direct deposit. I'm in no hurry to get any of their products, but I like having the availability.
And I apped for the AMEX BCP, which was one of my goal cards. I was originally going to wait until Sept, but the SUB was good, and it all worked out!
I closed my Opensky CC, which was my starter card. It was great for what it was, but it feels so weird that I've gone from "no one will approve me" to "I don't need you anymore" and closing cards!
I still have managed to keep myself from the siren song of CCT/Experian, so I haven't pulled my reports this month. I am pretty sure there have been no changes to my score as I haven't crossed any known or significant UTI threshholds or aging threshholds. AMEX will probably take a couple of months to report, and I have enough INQs on EX that I doubt one more really made much of a difference
Since I had my EX EE snafu, I'm going to try something to get that fixed in a roundabout way. I won't go into details because I want to see what happens first 😆 Wish me luck, I'll give a full report if anything interesting happens.
Hi all...Take it easy on me, this is my first time on the boards, I hope I am doing this right! ;D
I am rebuilding after a BK, after many years of struggles. So, I am here to keep myself accountable and focused.
I have been reading a lot and felt it was time to jump on board.
This month marked 9 months post BK and 7 months of rebuild time. I got my first big positive with my Disco graduation and CLI, so YAY! I need to garden so that is my next feed, LOL!
I am excited to grow from here!
Adding info to my siggy is my struggle. I'm a work in progress all the way around. Ha!
welcome to the fountain of knowledge here at the home of the MYFICOFORUM. Im still new here myself. But trust me if there is anything
and i mean anything u want to know, these guys have the answer and i dont jist when i say that. Ask and knowledge will be given to u.
congrats on the rebuild so far. Its a process.
Just an update: paid off my CapOne QS before the statement cut and requested a CLI the day after. I got the "letter in 2-3 days" message. I'm certain that means I was not approved so I'm feeling a bit frustrated. I think I'm going to just charge spotify and amazon prime to this card then have it autopay and keep it sock drawered. I'm quite confident that my account is bucketed or maybe Capital One just doesn't like me lol I have my Discover secured card on the way, anyway. I opened it at $200 but I wish I started higher so I could make it my main. After 31 days I'll add a nice deposit to it. I'm looking forward to advancing with Discover
Hmmm todays update!!!!
Wow, seems like i cant win for losing. So i traded in my old car for a new one, and it just reported. i didnt realize i was actually closing an acct. and boy did i take a hit for that.Also my self lenders acct just closed, cause i finished a year on that, so thats another closed acct.
Now i thought that completing a acct for several years would look good on me, but i see thats not the case. I dont want to be 80 k in debt for any reason, but i see now i kind of have to be in some major debt for my acct to build a major score. I went from 687 tu 686 exp 668 eq
to 644tu 664exp 654 eq, all because i paid off two accts.
Ok enough typing for me today. all this typing and stressing is bumming me out. so imma need to go get a drink and get high for a few hours to help me get over this.
Thanks community for listening to all my rants. talk later.
@excop01 actually what happened was just installment utilization changes.
If you'd mostly paid off that old car and you certainly had that self-lender loan open almost paid, you might have moved one or even two breakpoints... and that second breakpoint is worth 20-30 points on FICO 8 since you opened up a new loan.
There's zero penalty for paying and closing an account under any FICO algorithm, other than revolving utilization metric changes in the margin if you're carrying balances.
I have a mortgage and an auto loan, so I'm "in debt" but revolving wise? Grand total of $536 showing as of right now and I already cut the check for it weeks ago... if I didn't have either the mortgage or auto loan, I could play installment utilization games and get those 20-30 points tacked on too for that matter and have basically $0 outstanding debt.
There's a bunch of random things when it comes to optimizing credit scores to be sure, but being in debt isn't a requirement to get a good score, just use credit occasionally and PIF and enjoy everything that comes from not only not being in debt but also maintaining a good credit score.
hello again so can i use either my target card for the azeo and or the synchrony car care ( gas for auto basically ) and leave the rest at zero?
does it hurt me to have them sitting at zero?
does it help to have 6,100.00 in availble credit and only be using maybe 30.00 in gas every week ?
sorry i am trying everything i can think of to get my score up we were approved for a home loan for 150,000.00 pending my wifes student loan comming out of collections (hopefully in 5 months) and she said my score was at 665 a combo of all 3 but i want 700 to maybe get a better rate ?