Hello all! Thanks for having me...
Late start on financial maturity brought me here seeking help.
Started out lurking in the 540's. Made some strides, started asking questions specific to my situation. The help I've received has brought me in the right direction.
Goals are to retain RV financing at a rate that will make it affordable. Increase available credit substantially. Hopefully in the form of one HP. Working on any and all points for mortgage work.
Goals are high, but I don't want to fall asleep at the wheel.
Jan 2022 FICO 8
EX: 680
EQ: ???
TU: 675
Paid off both Credit Cards Jan 14th. (Maxed out 1000.00 AMEX Optima and 7000.00 Care Credit)
March 2022 FICO 8
EX: 815
EQ: 823
TU: 805
Never had/no history of a House or Care loan. I live in a Tent and ride a bike.
pretty good position at the ripe old age of 51.
Hello Everyone!
I am Nate and I am very new to joining forum; however, I have stalked it for many years. Thought it would be a good time to join and challenge myself to get my credit un-clustered. I will takeaway all that I can from the seasoned pros here and improve the things. Thank you!
My goals are primarily driven by my need to break free from my abusive relationship. I had some small accounts go into collections during my divorce and subsequently they were closed/charged off which now leaves me with waiting for them to fall off automatically. I have been successful at having a few removed through the dispute process - especially medical bills that were originally submitted to my health insurance provider at the time. I don't know whether those were ever actually paid by the insurance company or not but I do know they were submitted there first. My student loans were all federally subsidized and as of 2021 they were purchased by the Department of Education and show up as "paid in full", "closed", or "transfered to government" on my credit reports (depending on the bureau). My short term goals include finding small limit cards and utilizing my meager income as an Airbnb host and Amazon arbitrage re-seller to pay them down on-time every month in order to raise my score and approval odds for higher limit. Once I reach that milestone, I'll hopefully get approved for a larger limit so I can buy a car at a lower finance rate. Unfortunately, living in California without a vehicle is not so easy but once I'm able to get where I need to go, I'll finally be able to leave my situation.
When Itry to tclick the link to take the quiz, it takes me back to the forum.
@Kenny wrote:
Happy New Year to the myFICO Forums Community!Can you believe we’re entering our THIRTEENTH year of the myFICO Fitness Challenge?!
If you have financial goals, the myFICO Fitness Challenge is the place for you!
What is the myFICO Fitness Challenge?
To take part in the myFICO Fitness Challenge, simply post an introductory note and state your financial goals for the coming year. Are you hoping to raise your FICO Score? Buy your first home? A new car? Get that coveted rewards card? Tell us about what you hope to achieve, and what reaching those financial goals will mean to you. As the year progresses, check back here to report on your progress, talk about hurdles you encounter, or simply reach out for support and encouragement from your fellow Fitness Challengers.
Monthly Check-Ins
To help you stay on track we encourage you to stop by for monthly check-ins. On the first day of each month, myFICO will post a monthly check-in thread for you to talk about your progress, successes, speedbumps, etc. Participation in these monthly check-ins is optional - but encouraged!
First time Challenger?
If you’re new to the myFICO Fitness Challenge, then welcome! To begin, set up your official MyFICO signature on your Profile page (Go to My Settings➢Personal Profile➢Personal Information). Then just reply to this topic, telling us a little about your financial situation, your goals, and how you plan to achieve them during the coming year.
Returning Challenger?
Welcome back! Please be sure to update your myFICO Fitness Challenge signature, so it directs to the current challenge. If you'd like, you can review 2021's challenge here.
@Kenny wrote:
Happy New Year to the myFICO Forums Community!Can you believe we’re entering our THIRTEENTH year of the myFICO Fitness Challenge?!
If you have financial goals, the myFICO Fitness Challenge is the place for you!
What is the myFICO Fitness Challenge?
To take part in the myFICO Fitness Challenge, simply post an introductory note and state your financial goals for the coming year. Are you hoping to raise your FICO Score? Buy your first home? A new car? Get that coveted rewards card? Tell us about what you hope to achieve, and what reaching those financial goals will mean to you. As the year progresses, check back here to report on your progress, talk about hurdles you encounter, or simply reach out for support and encouragement from your fellow Fitness Challengers.
Monthly Check-Ins
To help you stay on track we encourage you to stop by for monthly check-ins. On the first day of each month, myFICO will post a monthly check-in thread for you to talk about your progress, successes, speedbumps, etc. Participation in these monthly check-ins is optional - but encouraged!
First time Challenger?
If you’re new to the myFICO Fitness Challenge, then welcome! To begin, set up your official MyFICO signature on your Profile page (Go to My Settings➢Personal Profile➢Personal Information). Then just reply to this topic, telling us a little about your financial situation, your goals, and how you plan to achieve them during the coming year.
Returning Challenger?
Welcome back! Please be sure to update your myFICO Fitness Challenge signature, so it directs to the current challenge. If you'd like, you can review 2021's challenge here.
my goals for 2022 are as follows:
1. remove derogatory items from credit reports.
2. obtain personal loan to pay off credit cards.
3. Utilize AZEO to achieve maximum scoring benefits.
4. obtain high quality credit cards (namely PenFed)
5. replace LendingClub personal loan with one from PenFed.
Hello all!
I have a very long debt payoff journey ahead of me (see the Rebuilding board) so my 2022 goals are just to decrease my overall debt and utilization (currently 90%+ on all cards) and raise my credit scores. My hope is doing this will enable me to consolidate my debt into a personal loan with lower interest rate than my credit cards (20%+). I'm honestly surprised my scores are as high as they are given how high my utilization currently is. I guess the only thing saving my scores are that I have no charge offs / collections and no recent late payments. If I can reach 700 by the end of the year that should put me in a good position to get a loan with a managable interest rate. I'll be paying down $18K worth of debt this month so hoperfully that will give my scores a bit of a bump and a head start on that goal.
My very, very longterm goal is to buy a new car once all my debt is gone or mostly gone.
My goal this year is to build to a low 700 fueled by wanting to qualify for a mortgage loan. My primary issues are to reduce util from 50% to 9% and age those baddies. 56 baddies in total: 40 on navient private student loans (!!) the other 16 are on various accounts. No lates in the last 12 months!
looking forward to a prosperous year. I have started over at 50 and since I have not tried to have any credit at all for years I started out again with that big ole' "0" a whopping nata. This also means for me that I have no negative also
My goal is to keep the 5 cards that I just received (all secured) for about a year and then graduate then to a unsecured. 0 to 700's here I come.
Hello all! Like many others I'm on this journey of rebuilding my credit. I think having a better credit/profile is essential to me purchasing a home in the next 2 yrs or so if life permits. I have no negatives on my report just debt that I have acculated over the past 3 or so year (life happened).
Since the html code didn't work my previous, current and goal scores below.
Starting Scores: TU: 668 EX: 686 EQ: 660
Current Scores: TU: 712 EX: 719 EQ: 668
Goal Scores: 800