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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!
Still trying to get rid of my seedling.......
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.
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!
@Anonymous 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!
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.
I'm just starting, so there isn't much to report yet. I did find out that my Transunion report went up two points (woo hoo!) and I was also eventually able to get an accurate Equifax, which is about 20 points higher than I thought it was going to be. (FAKO was not helpful!) So it looks like on average I hover closer to "mid-500s" (which is a little better than I expected).
I also got my first secured credit card, Green Dot Platinum, in the mail, set it up and even bought a few things. So far, so good.
Better late than never. Credit has been all chopped up from student loans and suuuuper old utilities from when I was a teen (some ghetto **bleep**). This last month got randomly obsessed with my credit score how the credit system works and all that. Had a Capital One Platinum card, recently got a Capital One Quicksilver card. Have a Discover It Card and the Indigo Platinum in the mail.
Main goal is getting from poor to fair by next summer and then moving to a more comfortable apartment.