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Take the myFICO Fitness Challenge 2024!

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Snook_on_the_Line
Established Contributor

Re: Take the myFICO Fitness Challenge 2024!

Started my rebuild with a fico 8 of 505 in dec of 21 

had a charged off auto loan reporting an outstanding balance of $6500

& 5 collections totaling $8k

no open accounts 

 

let the CO age off in Jan of 22 and disputed away two of the collections 

got an EE on two others 


that brought me into the unscoreable realm 

 

picked up a $1000 secured card from first progress (the only lender who would take me) and used it and pif for two months

that gave me a score of 580ish

picked up three new cards:

$200 secured from cap1

mission lane visa $300 (now at $400)

and a $300 credit one  (now at $550)

 

closed the first progress to get my $1k deposit back

got myself a Lowe's card $2k sl (now at 30k)

and a cap1 Walmart $500 (now$1500) on the same day two months later with a fico of 600ish

 

into the garden for two years of on time payments on all five cards     Up to almost 700ex and tu and 760eq

 

april of 24

EE'd last collection off tu and exp.    Fico 8s  jump to 750-760 across the board


The goals for this year are:

 

1. keep up my 100% on time payments on the cards I have

 

2. Get approved for two new 'Prime' cards that will grow with me to replace the $200 cap1 and the mission lane (but keep em open for now)

 

3.   reach a fico8 of 780 by the end of the year

 

4. Achieve goal number 3  by always remembering goal number 1 and adding a Penfed ssl and paying down to 9.5% before apping for the new cards


 

5% Gas: Citi Custom Cash 9.4k
5% Amazon: Chase Prime VS 15k
3% grocery and streaming: Cap1 Savor 2500
2% catch all: NFCU CashRewards+ 5k, USB Smartly 2k
Sock Drawer: Jovia Elite 25k, Suncoast CU 20k, Lowe’s 35k
Churn for SUB: Barclays AAdvantage Aviator Red 3k
On the Chopping Block: CreditOne 800



^^^Fico8 scores as of Dec ‘24
Goal Score: 818

Total Revolving CL: $118,700
Message 11 of 25
kalli007
Established Member

Re: Take the myFICO Fitness Challenge 2024!

Better late than never!

 

Financial situation:

I went through a period of job change and just honestly giving up on the debt I had, let a car get voluntarily repossesed in Feb 2018 (bought a brand new Honda just before letting the repo happen, still have the Honda and it is now PAID OFF!) and in 2019 let a ton of CC accounts and one personal loan charge off. Fortunately I am well past the SOL on all of these and am just waiting for things to fall off. 

 

  • CCs: NFCU Secured
  • CS: 542 EX, 563 EQ, 574 TU
  • Member of: NFCU, DCU, PenFed, SoCal CU

 

My goals:

  1. Pay off current CC debt, I am AU on a few cards, I do have a decent income and can buckle down and pay it offf - just have to FOCUS and not keep the spend - debt - repay cycle going. 
  2. Increase my 401k contributions, currently at 12%. I know many of you will suggest lowering it and paying debt off but at my age I have to get serious about retirement.
  3. Hit 600 by the end of 2025, 650 by mid 2025.
  4. Be mortgage ready by 2026. I live in SoCal which we all know is VHCOL, but we are 6 figure earners so I am hoping interest rates have gone down and we can afford to purchase at least a townhome, if not an SFH. 
Starting Score: 543
Current Score: 590
Goal Score: 720


Take the myFICO Fitness Challenge
Message 12 of 25

Re: Take the myFICO Fitness Challenge 2024!

This is my first time paying for credit monitoring, very happy that I made this next step to reach my goals. I am rebuilding after a rough patch the past few years. My score has dropped significantly and I'm slowly building my way back up. Wish that I joined a long time ago! 


Joined 5/2/2024
Starting Scores
Current Scores

Message 13 of 25

Re: Take the myFICO Fitness Challenge 2024!

WOW!! Way to go! That is so inspiring to see how successful you and dilligent you have been on your journey. I am in the mid 500s now after some challenging times and love seeing that it is possible to climb out. 


Joined 5/2/2024
Starting Scores
Current Scores

Message 14 of 25
39Crabs
New Member

Re: Take the myFICO Fitness Challenge 2024!

To make a long story short I went from 500s score to almost in the 800 within that time I've been able to pay off a vehicle open a mortgage and pay of about 20k to the IRS. Home improvements are good privacy fence and a 20ft deck with a gable roof. Sacrifice and Discipline is everything.

God bless everyone. 

FICO 8
EQ 608 TU 631 EX 591
Capital One Platinum $500
Mission Lane $750
Mercury $1750
Message 15 of 25
39Crabs
New Member

Re: Take the myFICO Fitness Challenge 2024!

Lots of info her to benefit from. Good Luck!

FICO 8
EQ 608 TU 631 EX 591
Capital One Platinum $500
Mission Lane $750
Mercury $1750
Message 16 of 25
DataFields
New Member

Re: Take the myFICO Fitness Challenge 2024!

New member as of 5/21/24.

 

Went through a divorce that wrecked my credit a couple years back.  Looking to actively build it back to excellent. 

 

Current Scores:

Equifax = 542

TransUnion = 542

Experian = 584

 

 

Goal by the end of 2024 would be to have all three >= 650

Message 17 of 25
jmonye21
Established Member

Re: Take the myFICO Fitness Challenge 2024!

Hi all,

I'm a little late to the challenge, but glad to be here. My goal is to purchase a home by the end of this year. I am on an income based repayment plan for student loans and I anticipate that once I recertify my income in January 2025, that my payments may increase. I'd like to secure the home before those payments affect my debt to income ratio, particularly in this market when the rates are up. Thanks!

Message 18 of 25
ReformRave748
New Visitor

Re: Take the myFICO Fitness Challenge 2024!

New Fitness Challenge Response 

 

During May I scored a whopping 630 points in the first half. Goal of 740 points b4 the year 2024 is over. Community reform! 👾Go Ravens.

FICO Family Advanced #CreditRecovery 😍

Message 19 of 25
ReformRave748
New Visitor

Re: Take the myFICO Fitness Challenge 2024!

Take me to brother Silver!

 

👤

Message 20 of 25
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