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Take the myFICO Fitness Challenge for 2012!

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arakele
New Member

Re: Take the FICO Fitness Challenge for 2012!

I am new and looking forward to improving my credit. I have a new family member arriving, so we are preparing to fix our credit now while we can afford it.


Starting Score: EQ: 636 EX: 672 TU: 659 - 02/09/12
Current Score: EQ: 672 EX: 661 TU: 668 - 11/13/12
Goal Score: 750


Take the FICO Fitness Challenge
Message 241 of 1,050
UpNComing
Established Contributor

Re: Take the FICO Fitness Challenge for 2012!

My sig pic isn't posting.  Anyone know what I can do to fix it?

CSP ($5k); Chase MileagePlus Explorer Visa Sig. ($6k); Chase Freedom Visa Sig. ($6k); BankAmericard Cash Rewards Visa Sig. ($5k); Amex PRG (NPSL); Amex BCE ($1k); Citi Thank You ($5.4k); Barclay Apple ($4.2k) CapOne Cash ($2.5k) CapOne Platinum ($2.5k) Wells Fargo Home Project Visa ($10.3k) Discover IT ($1.5k) WalMart ($3k); Lowes ($3k); Amazon ($5k); Kohls($1.5k)

Scores: Equ Fico 715 ~ Exp 724 ~ TU Fico 682
Message 242 of 1,050
Anonymous
Not applicable

Re: Take the FICO Fitness Challenge for 2012!

My goal is to approve my credit and finace a vehicle at a low interest rate..I have 3 cards which I pay off ever month and keep under 30% usage....I'm not sure if I'm doing this correct.. where do I get my fico scores to post...

Message 243 of 1,050
romeo105
Valued Member

Re: Take the FICO Fitness Challenge for 2012!

Hello All,

 

2012 is the yr. i reach the "700 Club" & remain there by June 2012 i want to be @ least "710"

 

Current Scores:


Equifax: 659

TransUnion: 684

Experian: 697

 

Currently i have 3 CC, a line of credit, and installment loan totaling: $ 8142

 

                                          Balance                            Credit Line


C1: Discover:                  $2142                               $2500

C2: Chase                       $1200                               $1800

C3: Citibank                    $500                                  $1500

 

Line of Credit:                   $700                               $1500

 

Loan:                               $3600                   Original Loan: $5000

 

which should i paid of first to get a quick bump in my score in the next month or so.? 

 

Plan A: i have $2600 that i plan to disperse btwn the 3 CC's and LOC, i was going to allocate the $2600 to bring the balances on the CC's & LOC to $500 << good idea?

 

Plan B: wipe the balances of chase, citibank and LOC and pay on Discover(has highest apy of 18%) monthly << good idea? im thinking 1 CC balance & Loan looks                     better than 4 Lines of revolving credit with balances & a Loan

 

What Should I Do, Any ideas???

Message 244 of 1,050
MarineVietVet
Moderator Emeritus

Re: Take the FICO Fitness Challenge for 2012!


@UpNComing wrote:

My sig pic isn't posting.  Anyone know what I can do to fix it?


It's fixed.

Message 245 of 1,050
Anonymous
Not applicable

Re: Take the FICO Fitness Challenge for 2012!


@Anonymous wrote:

My goal is to approve my credit and finace a vehicle at a low interest rate..I have 3 cards which I pay off ever month and keep under 30% usage....I'm not sure if I'm doing this correct.. where do I get my fico scores to post...


Hi carmeldelight79,

It seems as if you should be receiving low interest rates now with an 800!! You have such a high FICO now that 850 is right around the corner. Welcome aboard all the same!!

Message 246 of 1,050
tubesock
Frequent Contributor

Re: Take the FICO Fitness Challenge for 2012!


romeo105:

Currently i have 3 CC, a line of credit, and installment loan totaling: $ 8142

 

                                          Balance                            Credit Line

C1: Discover:                  $2142                               $2500 

C2: Chase                       $1200                               $1800

C3: Citibank                    $500                                  $1500

 

Line of Credit:                   $700                               $1500

 

Loan:                               $3600                   Original Loan: $5000

 

 

If I were you, I would focus on paying down each CC to under 25% of the CL's. Lower if possible. 

Also, all of your CC's should be below 25% of your total credit limits combined.

 

You're at: 

86% on your Discover (25% = $625 or less )

67% on your Chase ($425 or less)

33% on your Citibank ($375 or less)

66% overall on the credit cards. (Total on all cards should not exceed $1450 based on based on cummulative of $5800 total CC limits)

 

Hope that all makes since. 

 

Good luckSmiley Happy

FicoTU 780 | Credit Karma 781 | Credit Sesame 780
EQ 673 Dec2011 | Current: 695 Nov2013 | Goal: 720+
UTL: 54% Dec2011 | Current UTL: 21% | Goal UTL: 0% June2014
AmxZync | CapOne 1k | Comenity 1.1k | Target 3k |NFCU Visasig 5k | Goodyear 5.8k | CitiSimplicity 10.2k
Sam'sClub 10k | AmxSpg 20k | Citi HiltonReserve 20k | DCU 20k | Chase RR Visasig 25k | NFCU Visasig 33k
Message 247 of 1,050
romeo105
Valued Member

Re: Take the FICO Fitness Challenge for 2012!

Thank you for your suggestions, so plan A is the best option than for if i pay down to $500 ohn the three cards ill b jus under 30% which is a start

Message 248 of 1,050
UpNComing
Established Contributor

Re: Take the FICO Fitness Challenge for 2012!


@MarineVietVet wrote:

@UpNComing wrote:

My sig pic isn't posting.  Anyone know what I can do to fix it?


It's fixed.



Thank you! Smiley Very Happy

CSP ($5k); Chase MileagePlus Explorer Visa Sig. ($6k); Chase Freedom Visa Sig. ($6k); BankAmericard Cash Rewards Visa Sig. ($5k); Amex PRG (NPSL); Amex BCE ($1k); Citi Thank You ($5.4k); Barclay Apple ($4.2k) CapOne Cash ($2.5k) CapOne Platinum ($2.5k) Wells Fargo Home Project Visa ($10.3k) Discover IT ($1.5k) WalMart ($3k); Lowes ($3k); Amazon ($5k); Kohls($1.5k)

Scores: Equ Fico 715 ~ Exp 724 ~ TU Fico 682
Message 249 of 1,050
Anonymous
Not applicable

Re: Take the FICO Fitness Challenge for 2012!

Hello,

 

Every year I pick one self-improvement goal, and this year like others here, it's improving my credit scores. In the past year my income has improved, and I am in a great position to take my finances to the next level.  I have a horrible credit past, and last year with my scores in the high 500 or so. However I must be headed in the right direction, now my scores are in the 620-640 range, and somehow my score is 709 from TU.  These days I have a high income, but low bills, which puts me in a position to do some really great things financially this year.  My goal is first to purchase my Jeep Wrangler Unlimited early next year with a great down payment, and a low loan rate. My question is if I do all things right, how much can I really see my scores go up? My big goal is to purchase a house in the next 5 yrs, so I'm trying to see the big picture and plan properly.

Message 250 of 1,050
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