Super excited about the myFICO Fitness Challenge 2018. Wish I had signed up with FICO earlier hate I'm starting the challenge close to the end of the year lol. My financial goals are to start saving an emergency fund, vacation fund, work on my credit (in which I just started last month). I'm hoping to raise my FICO score to at least 650 by June 2019. I'm also looking to be a homeowner during 2019 year. I hope to achieve a lot and be able to pass it down to my kids as well as family and friends that may be struggling. I'm hoping to receive a lot of encouragement from everyone.
relative new comer as well... as the year is over, i was able to achieve my goals that i had set out for myself. my 2019 goals will be even more agressive (purchasing my first home!)
at the beginning of 2018, my finances were stagnant, and my credit crumbling. high 600s to low 700s. I went on the straight and narrow and crushed it, putting me in a good place to acheive my lofty 2019 goal. I need to continue on the trend of keeping things calm and steady and aging/improving all existing accounts. As well as continue to pay down my student loans as I try and save up for a downpayment.
in the past month, i was able to gain so much valuable info from this forum and the wonderful members who advise on a daily basis!
a secondary goal is to help others as you have helped me.
I'm just adding my story to the Fitness Challenge even though it's late in the year.
I see all your other sigs with scores "before and after" and I get so encouraged. I want to encourage others (I hope!) with my score increasing in 2019!
My "baddies" are high utilization and a lot of debt, as well as one 90-day late on one card. Also, I just settled with a bank (not with collections—no charge off). I hear that settlements with the bank are not good, but better than waiting for the debt to go to collections.
The goodies are that I have a lot less debt now. The settlement wiped out a lot of it. However, I do have a few other cards which are 90%+ utilization, but they have always been (and will continue to be) paid on time. I should be able to get them paid off within a year (I am fairly hopeful). Once I get ALL my debt paid off, things should look up, but the baddie of the 90-day late will still haunt me. (I will craft a goodwill letter in the future!)
Right now all I have is one secured card ($200) that is approved (hasn't even come in the mail yet) from Green Dot. I have applied to a few other store cards (as well as Capital One secured) and nope, nope, hell nope. The 90-day late is still too fresh, I guess. I will have to "garden" with my one little Green Dot card for a while and try again in a few months. (Though I could get an OpenSky card sooner, but probably I should space out my card applications a little more.)
What I hope to do is to document how much my score budges as time passes with this 90-day late and the balance of my remaining debt going down.
Thank you, everyone, for your stories of encouragement! Bless you all and here's to a much more successful 2019!
Hello! I am soo happy to be here
I am taking this challenge to increase my Scores and increase my credit awareness as well. I want to be able to gift this knowledge to my children to give them a better start than my parents gave me. We are looking to purchase our firsts home in a few months (we have to move from our rental and the rents seem to be more than what a mortgage payment would be). My husband is a Vet, so the plan is to apply for VA loan with our scores at least at 580+.
Hubbys starting mid FICO is 505 - he has no cc, business credit thru T-mobile.
My scores are 606, 566, 532 (FICO 5,4&2) - My biggest problem is my credit util is at 98%, but I plan to pay that down to $0 on friday (its only $300 card). My car not with Cap1 is current, but I had a 30 day late (1 day late) in Oct 2018. That's it in a nutshell
Trying to bring the new year in right. The last month of the year, I am taking the challenge. Started the credit journey in October 2017 with poor credit scores. All in the 500's. Fast forward to today, sitting with mid to high 600's. Starting with a $750 secured credit card, now carrying over $40,000 in credit in a little over a year. Gained over 100 pts on all credit reports and going into 2019 optimistic. Starting with realistic goals, wanting 700 across the board. It can only grow from there. I have been hiding out for a while from the forums. But back and ready to bask in the wisdom again.