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New to the challenge!
I've completed the purchase of my first home, and picked up a couple of nice new credit cards to eliminate the subprimes from my wallet. Now my goal is to not app for anything for a year, let things age, and finally get those collections to drop off!
My scores have bumped up Equ - 595 and Trans - 614. I have a car now that I got last month and have made two on time payments. Stil looking to buy a home next December so going to start sending out letters to collectors to settle and get it removed from my reports. I only have about 4 or5 to deal with, which is down from the 10 is was earlier this year.
Hello all,
A new challenger here!
I'm finally in a position to rebuild my credit after the numerous mistakes I made in my early 20s, which murdered my credit score. Charge offs, collections, an eviction, a repossessed vehicle and a wage garnishment - I think I covered it ALL. I'm lucky if my credit score was in the 400s and 500s, it stayed that way for many years.
Thankfully, all of those nasty marks finally fell off my credit report, the last of which was just last month.
GOALS
My end goal with my credit rebuilding to join the 700+ Club and qualify for better loan rates, whether it be a new to me car or a house Q4 of 2013. The same reasoning is being applied to my credit card goals.
Current Situation
2012 Plan
I'll apply with my primary credit union in mid-September. They use the Experian score and if 6 months of reporting on the new installment loan works in my favor, it might put me in what they consider the "good" rather than "average" credit score range. Wish me luck!!
I've truly enjoyed exploring this site and taking in all the advice found here, I've implemented many of the tips. I wish you all the best in your credit goals and look forward to doing some more reading!
Reaching my FICO score dreams would mean a piece of mind and the luxury of relaxing as I start over from previous error's. Im looking forward to it.
Hello All!
I've been reading and researching the site for about a week now and finally decided to take the FICO Challenge!
My Situation
BIGGEST ISSUES:
SMALLER ISSUES:
POSITIVES:
My Goals
Now that I've found this forum, I'm more confident that I can take better care of my credit and have it reflect my matured responsibilities. Wish me luck!
Hi all, new to forum as well and I must say I am happy that I found it...
My situation is student loans 100K (MPA) and not working in the field so not making what I should be making. I have one baddie that have been pointed out to me, that if i take care of it I would be able to get approve for things.
My ultimate goal is getting a house and I am hoping that student loans and that baddie does not prevent it. I also want to be in the 700 range as well...not very far from it though. I would also like to finance a new car but I don't really see that as much as a problem.
Good luck to all
@Twinkie87 wrote:Hello All!
I've been reading and researching the site for about a week now and finally decided to take the FICO Challenge!
My Situation
BIGGEST ISSUES:
- My mother neglectfully opened a Capital One CC in my name when I turned 18 (2005) ,w/o my knowledge, during her casino habit days and maxed it out $3,000+. I've been trying to fight the issue but no luck. Since then it has been charged off and bought by a nagging collection agency whom now reports 7,200+ on all credit reports..
You need to check out the "Rebuilding Your Credit" threads - lots of info there on what to do about this. You can file a police report and have this removed d/t identity theft - no need for you to suffer for something not your fault.
Hi All,
Just thought I would check in to announce that I met my 2012 FICO Fitness Challenge - 4 months early!
Thanks to all for the knowledge to be found here.
Now it's off to the garden...
Hi all :-)
I have decided to take on the 2012 FItness Challenge for a couple reasons. For the past year or so I have been rebuilding my credit by clearing up collection accounts and settling with a couple lenders. At this point I have become current on all accounts and expect a few of the negative accounts to start purging off CRs. This challenge is a great fit for me because right now my new focus is to establish a few good credit lines and increase my credit score. I really need to get the score up because I am expecting to be in the market for a car around the first of the year. So I guess my immediate goals are:
1. Pay off installment loan by year end (current balance of $1500)
2. PIF CC each month to establish/maintain a good payment history with new lines of credit (Capital One Rewards 500 CL and Walmart storecard 500 CL)
3. Increase score for auto loan (aiming for 720-750 range)