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Take the myFICO Fitness Challenge for 2012!

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puckguy23
Established Member

Re: Take the FICO Fitness Challenge for 2012!

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!


Starting Score: 507 EX
Current Score: 701 TU/694EQ/654EX(FAKO)
Goal Score: 720 across the board


Take the FICO Fitness Challenge
Message 851 of 1,050
djnikki1
New Contributor

Re: What else should I do?

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.

Filed Chapter 13: 9/12/2014, Converted to Chapter 7: 03/25/2015, 341 Meeting: 04/15/2015, Discharged: 07/28/2015
Score from MyFico (08/04//2015): Trans - 507 / Equifax - 554 / Experian - 516
Current Scores: Trans - 611 / Equifax - 562 / Experian - 564
Goal: 650 after 6 months; 700 after 1 year

Current Credit: Kohls - $300, NY&CO - $350, JCrew - $350, Barclay Rewards - $750, Barclay Visa with Apple Rewards - $2000, Credit One - $300, Rally Motor Credit - $14,500, Student Loans - $15000, Ann Taylor - $250, Express - $250, West Elm - $2000.
Message 852 of 1,050
Lzzybeth
New Contributor

Re: Take the FICO Fitness Challenge for 2012!

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

  • No credit cards.
  • Saving 20% of take home income, for emergency fund or house downpayment.
  • $3,000 installment loan from a local credit union, opened in February.
  • ~$7,000 left on federal student loan, in good standing.
  • A few medical bills in collections, no more than $1,000 owed - plan on knocking them out within a month.

2012 Plan

  • Apply for a Credit Card

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!



Garden Club Challenge: App Free Since 5/01/2021 and
No Apps Until 6/15/2022
Message 853 of 1,050
Stelinha
New Visitor

Re: Take the FICO Fitness Challenge for 2012!

Hi !!! Im starting with 691 but wanna go up to 740 -with 27,000 in CC is almost impossible ,I want to buy a house with a good rate next summer -wish me luck -this is my plan
Spread payments to lower CC
Pay off a GE loan $500
Pay off $800 of my departmental store
Pay another $800 of departmental store and have a 500 remain balance
This are my goal For the end of December and then I will reevaluate and keep my balances LOW !
Message 854 of 1,050
Anonymous
Not applicable

Re: Take the FICO Fitness Challenge for 2012!

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.

Message 855 of 1,050
Twinkie87
New Member

Re: Take the FICO Fitness Challenge for 2012!

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:

  1. 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..
  2. Student loans (mixture of Federal and Private, Private outweighing Feds) in staggering amounts. Feds on IBR Consols Plan, 1 Private on Interest Only Payments, 1 Private in negotiations for forbearance. Estimated Debt: $200k+ (for just a B.S. smh)

SMALLER ISSUES:

  1. A few closed retail store accounts that were late, but paid in full prior to close.
  2. 2 or 3 collection accounts

POSITIVES:

  1. 3 Retail store cards open and in good standing totaling $1,900 CL
  2. As of 8-29-12 Approval for BOA Secured CC with $500 CL

My Goals

  • Bring my CS up to 725
  • Have Secured CC convert to Unsecured CC
  • Qualify for a mortgage
  • Qualify for lower interest rates
  • (Long term) Finance a new vehicle

 

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! Woman Happy

 


Starting Score:EQ: 603 as of 8-28-12 || TU: 655 as of 4-2012 || EX: 572 as of 8-30-12
Current Score: EQ: 637 as of 6-23-13 || TU: 629 as of 6-21-13
Goal Score: 725 Across the board

Take the FICO Fitness Challenge
--------------------------
My Wallet:Victoria Secret: $560 (2008)|| Express: $950 (2011) || Kay Jeweler: $500 (2012) ||
BofA Platinum Plus: $800 (8-2012 *Recently converted from Secured w/ $500 limit 6-2013) ||
Discover It: $1k (6-2013) || Walmart [store] $600 (6-2013)
Message 856 of 1,050
EmpressLuv
Contributor

Re: Take the FICO Fitness Challenge for 2012!

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 Smiley Happy

My Wallet: AMEX Gold NPSL, AMEX BCE 1K, Express 1350, Victoria Secret 2250, Macy's 2000, Kay's 7600, Capital One 1400, Capital One 4000, Quicksilver One 3500; Quicksilver 3000; QVC 3500, Walmart 6000, Pier 1 1250, Kohl's 1500, JCrew 1550, JCPenny 3600, Discover 1500, Lowes 12000, Amazon 2400

Lender Pull: 2/16/13 TU: 672 EX: 681 EQ: 671
Current Scores: 2/6/15: TU 696 EX: 679 EQ: 658
Goal Score: 700
Message 857 of 1,050
TNTransplant
Established Contributor

Re: Take the FICO Fitness Challenge for 2012!


@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:

  1. 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.


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14

Message 858 of 1,050
TNTransplant
Established Contributor

Re: Take the FICO Fitness Challenge for 2012!

Hi All,

 

Just thought I would check in to announce that I met my 2012 FICO Fitness Challenge - 4 months early! Smiley Happy

 

Thanks to all for the knowledge to be found here.

 

Now it's off to the garden... 


Starting Score: Jan 2012: EQ - 659, TU08 - 670, EX - ???
Current Score:April 2014: EQ - 772, TU08 - 782, EX - 754
Last App:3/21/14

Message 859 of 1,050
ms_lee28
Member

Re: Take the FICO Fitness Challenge for 2012!

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)


Starting Score: TU: 687 (MyFico, 4/15/12), TU: 659 (WalMart 8/6/12)
Current Score:TU: 679 (WalMart), EQ 676 (FICO 11/3/12) FICO
Goal Score: 775 ALL CRA's


Take the FICO Fitness Challenge
Message 860 of 1,050
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