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November 2018 Check-In Thread

Moderator

November 2018 Check-In Thread

 

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! 

Message 1 of 6
5 REPLIES
Regular Contributor

Re: November 2018 Check-In Thread

Still trying to get rid of my seedling....... Smiley Happy




RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom
Message 2 of 6
Highlighted
Valued Member

Re: November 2018 Check-In Thread

Since this is my first progress report, guess I'll just state the year to date progress and update monthly from here forward. I hope thats allowed? New here, so I guess someone will let me know if its not.

 

BK7 discharged 11/2016

1/2018- Begin aquiring new credit

2/2018- approved for Cap1 QS1 @ $300cl

5/2018- Approved for Cap1 Plat @ $500cl

6/2018- QS1 CLI to $500

8/2018- Approved for auto loan w/Cap1- $23,580/60/11.45%

8/2018- Denied Discover it (BK7)

8/2018- Denied Chase Sapphire (BK7)

9/2018- Went away from USAA, back to NFCU (20 year member)

10/2018- Approved for NFCU CashRewards Visa @ $1,000cl

10/2018- Denied auto refi w/NFCU

11/2018- NFCU updates my initial CL to $15k

11/2018- Cap1 Plat CLI to $600

11/2018- Upgrade QS1 to QS

11/2018- Updated my scores on the fitness tracker

 

Goals

Waiting for NFCU Visa to CLI (91/3 eta 3/2019), then closing both Cap1's as fast as I can type

Wait for 2019 and reapply for auto refi with NFCU

Apply for NFCU Sig Visa 2019 (eta 3/2019)

 

Now you're all caught up.


Starting Score: 1/2018 EQ- 534, TU- 541, EX- 512
Current Score: 11/2018 EQ- 639, TU- 654, EX- 604
Goal Score: 700+ across the board by 1/2020


Take the myFICO Fitness Challenge




By no means a FICO expert, all I can share are the facts of my own experiences and hope they help
Message 3 of 6
Established Member

Re: November 2018 Check-In Thread

I have been able to make good progress and reach my goal early. 

 

Starting point 9/28:

No Lates/Derogs

AAoA: 3.8 years

Oldest Account: 7 years

Aggregate Credit Limit: 38,000

Aggregate Utilization: 45%

Total accounts over 85% utilization: 6

New accounts in last 2 years: 7 (Includes a car and mortgage)

Inquiries: EQ: 12  TU: 2  EX

FICO 8 Scores: EQ: 688  TU: 710  EX 706

 

Current status:

No Lates/Derogs

AAoA: 4 years

Oldest Account: 7 years

Aggregate Credit Limit: 59,000

Aggregate Utilization: 3%

Total accounts over 85% utilization: 0

One card listed over 10% util

Personal Loan acquired to pay off CC balances

Inquiries: EQ: 6  TU: 3  EX 2

FICO 8 Scores: EQ: 751  TU: 772  EX 763

 

Current negative factors are length of credit history, current vs starting balance on personal loan and that I now have a Consumer Credit Account.  Had I know this was a negative I would have found a different resource for the personal loan.

 

I have a couple more inquiries that will fall off over the next couple months.  Beyond that, the two factors I see that will help my score are paying down the balance on the personal loan and letting time do some magic on my length of history/aging of accounts.

 

Please let me know if you see more that I could do to push my scores along or if you need additional data points. In the short term, I would like to get all of my scores over 775 and have set my eyes on 800+ which I thought would never be a possibility before I found this site.  Thank you all!

FICO Clip 11-9.png11-09-2018

 

Lowest Known Scores: EQ:548 TU:575 EX:574 March 2018
Starting Scores: EQ:688 TU:710 EX:706 September 2018
Current Scores (11/8/18): EQ:751 TU:772 EX:763 October 2018
Goal Score: 750 across the board by Jan 1, 2019


Take the myFICO Fitness Challenge
Message 4 of 6
Regular Contributor

Re: November 2018 Check-In Thread

In the last month I completed a couple tasks I didn’t think I would be able to.

My October FICO 8 scores started at EQ 686, TU 693, EX 699

By the end of the month I had 31, 26, 28 point increases. Leaving scores at EQ 717, TU 719, EX 727.

At the current moment I’m at EQ 720, TU 746, EX 739.

The ranges are pretty high between the scores as some new accounts reported on TU and EX but not EQ.

My collection was removed late September early October. I had one paid collection. I have two 30 day lates on Macy’s. I will try writing a letter, I really don’t want to call. The lates were from 2014. It doesn’t seem to impact score much, but I would probably see a gain if it’s not present.

I applied for Chase Sapphire Reserve and was approved for $12k at 21.74% (won’t be leaving a balance). I got the regular 50000 pt offer. Since my chase freedom limit was only $500 I moved $1000 over. I tried to get my limit raised on the freedom with initial hard pull for the reserve but Chase was not having it. Chase pulled TU and Experian. They have reported Account on both platforms. I was super elated about getting this card as it was on my dream list and my first account starting above $10k. Just a side note I had a prequalified offer with a green check in my account for this card.

On the same day I applied to American Express. I had wanted the Hilton Aspire, but didn’t see it in the card match or Amex prequalify. For some reason I thought I wouldn’t get approved. I also wanted the Amex Platinum but I prefer the Schwab version. Anyways, I applied for the ED Card. Approved with $10k limit, 0 APR on Balance Transfers and purchases, plus no fees on BT. This card was perfect for me and I didn’t even realize it. It allowed me to BT some accounts that won’t be paid right away. My goal was to have everything paid by 11/22 but I needed to save more for my (future) new place. My balance is $4900 right now but have a couple BT left the balance will raise to $8000. That may screw up scores temporarily but most accounts at this point are $0 or 30% or less. It may just even out with the balance decreases, and increased limits. I also applied for Gold Amex and was approved in same day. My first charge card. Amex pulled only EX.

I received many CLI. Bloomingdale’s and Macy’s were increased to $10k. Bloomies was $6k and Macy’s was $4k at the start of the month. I now have to call in for Macy’s CLI. I called in the $10k increase. I assume because I requested an increase so many times within a short period. I just was trying to figure out the increase schedule. For me it seems to be 32-35 days. Bloomies every 32 days.

I received 0 apr with my discover for the next year on all purchases. Perfect for Holidays, but I won’t get crazy. I really want a new Mac.

Wells Fargo auto increased me from $1500 to $3100. I plan to call in to get more, haven’t had the chance. Mostly this card is only used for my cellphone bill as it is the only one with cellphone protection.

Of course, I tried Capone for increased. Still a no go. Same excuses use to high, balance use to limit, high balances. I think they just don’t like me. I want to close so bad but I have a long history with one so not an option. I just keep and spend a few bucks here. I did notice my credit score is updated quarterly and has been behind for the past couple months, which is most likely the culprit for my denials. I went from 88% or so util to 24% in less than two months.

I won’t be applying for any new cards until January or February. There’s a couple left that I want and I’ll be done forever. Lol. Or shall I say a while. I would like all my cards to age at the same time. I’m trying to apply as close as I’m comfortable with new account open dates. Don’t want to scare Chase which is why I’m waiting 3-4mibths for any new approvals.
Starting Score: EQ 677|TU 618|EX 627 Aug 2018
Current Score: EQ 720|TU 746|EX 739 Nov 2018
Goal Score: EQ 800|TU 800|EX 800


Take the myFICO Fitness Challenge
Message 5 of 6
Regular Contributor

Re: November 2018 Check-In Thread


@DeVere wrote:

I have been able to make good progress and reach my goal early. 

 

Beyond that, the two factors I see that will help my score are paying down the balance on the personal loan and letting time do some magic on my length of history/aging of accounts.

 

Please let me know if you see more that I could do to push my scores along or if you need additional data points. In the short term, I would like to get all of my scores over 775 and have set my eyes on 800+ which I thought would never be a possibility before I found this site.  Thank you all!

FICO Clip 11-9.png11-09-2018

 


Great score changes. I think you’re doing a great job. Your next steps are ideal I would say other than waiting time for account history, you should lower balances on cc to just under 9%. You’ll see some nice bumps with dropped inquiries, lower loan balances, and lower cc balance. Don’t apply for any new accounts.

 

I understand your frustration with the consumer finance account. I almost got one until reading the impact these forums. I still don’t quite understand why they are negative.

Starting Score: EQ 677|TU 618|EX 627 Aug 2018
Current Score: EQ 720|TU 746|EX 739 Nov 2018
Goal Score: EQ 800|TU 800|EX 800


Take the myFICO Fitness Challenge
Message 6 of 6