Count me in!
My credit scores were in the 400's just 3 months ago and I worked hard to raise them to the beginning 600's..I'm paying all of my credit cards off to $0 and keeping them open.
I have 2 auto loans in good standing and 1 final AMEX Delta Platinum credit card to pay down...my overall utilization for January's reporting will fall from 79% to 31% when the CCs report 4 out of 5 paid to $0!
Planning to garden and pay car loans down and watch my scores continue to rise, rise, rise! I'm all in for the FICO Challenge!!
I'm not sure if this should go here or in the January check-in thread.
I've blabbed about where I am and where I want to go, in general, on both threads without laying out specific goals. So here they are.
By the end of the first quarter (end of March):
AZE2 - All but two credit card accounts showing a zero balance.
Those two below 50% UTL.
Those two are 0% interest.
Aggregate UTL under 10%. (That will be the tough part.)
No (more) new credit cards.
A new year. It's been a slower then hoped start into our take back our finances these past couple months.
My main goal is to pay down debt, lots of debt, mainly cc, though we have quite a bit of student loans. My utilization is at 87% I hope to get it down to 50%.
We are also trying to pay down a chunck of my husband's CC debt also.
The goal is to get my score up so I can qualify for a decent car loan and hopefully mortgage scores will go up so we can refiance.
Hi all! I've been an off and on lurker on the forums for the past year. Not sure if I should post this here or in the January check in, so I may do both.
Brief summary: I started 2020 with a goal to get financially fit. I had been following the Dave Ramsey no credit plan previously in my life and was derailed by a divorce (five years ago) and then two years of partial employment why I cared for my mother and two ailing grandparents all on hospice around the same time.
Needless to say, started with no score/thin profile. Pulled my reports and found $600 in derogs ($400 in cable equipment fees and $200 in misc. medical) all scheduled to fall off within the next year or so.
I originally applied for a Disco IT secured, but got caught in the "unable to verify taxes" issue, which confounded me. I ended up going on a spree for several new card, bringing my current limit to $2200 approximately.
Then covid hit our area pretty hard and I ended up using the cards to supplement loss of income. Though I'm carrying high balances, everything is current with no late/missed payments. I'm currently working on a plan to have these balances PIF within 60-90 days. From there I plan to work a 1-9% utilization plan with PIF every month.
My goal this year is to raise my scores and help my new wife win with her credit as well. I plan on adding her as an AU to my cards and working on her derogs (most of which are gone).
My personal goal is to raise my scores to at least 640 across the board and eventually finance a decent used car with a good rate since I'm still on the DR method of cheap cash cars.
Any advice or pointers to forum topics/posts are always appreciated!
My goal in 2021 is to pay off my two CC chargeoffs and complete student loan rehab. The extension through the end of September by the President is going to allow me to save the money I would have been paying during rehab. I'm going to have some bad marks and missed payments for a number of years, but I figure all I can do is be good going forward and age into better credit.
My starting FICOs are in the 560 to 605 range. I don't really have a FICO goal for this year because I'm not sure how much the end of SL rehab will impact my scores in the short term.
I am new to the Challenge but not new to the myFICO forums. I've struggled with my Credit Rating ever since I got divorced a long time ago. Now that my "official" child support obligations have ended, I have been able to work on fixing this.
First, I just put in a random number for my goal score. I don't know what it possible. Hopefully, I can surpass that.
My end goal for 2021 is to be in a good place for my wife and I to get approved for either a mortgage (if the market swings back to buyers) or a construction loan so we can buy land and build, so in order to be set up for that I hope to increase my income from "starving artist" salary to something more steady and predictable, pay down my student loan more aggressively, and continue to use the cards I have responsibly and make them work for me. I have a decent rewards rotation setup at the moment so I plan on finding just the right usage strategies to get cash back for making all the purchases we would normally be making anyway. After a fairly modest app history of 1 in 2018, 1 the beginning of 202, and 1 in October 2020, I jumped on two apps in the same day. Approved for one, and waiting on the results of the other that has gone to an underwriter (@ US Bank, fingers tensely crossed), but no matter the outcome of that one, I'm going to stick with what I've got and not add any more inquiries this year until it's time to start contacting loan lenders. Into the garden I go! I really love the mantra "finances over FICO" because I have witnessed how money can be a ball and chain if you let yourself have to constantly work for it, rather than making it work for you.
New Member here and ready to move forward to my best credit ever
February 2021, 631 eq / 638 trans / 655 exp
gardening till 2022