I've been working on paying down credit cards and increasing my (and DH) scores since Jan 2008. In May 2008, I bit the proverbial bullet and got a SW subscription to watch our progress. My high score of 721 came in July but moved around in the low 700's until a few days before Christmas, when I got an alert that it was 699!!! I was so depressed. I had been working for 12 months to lower my debt and raise my scores and I was 13 points lower that when I started! I cancelled SW at the beginning of February and decided to just keep paying it down.
Well, while lurking around, I noticed the "myFICOis8" banner and decided to take a chance--this time with QM. I realize I can't compare EQ with TU scores, but I wanted to know our baseline. We will be another $8K less in debt in a few months and only 1 card left to pay. I wanted to know what difference it really was going to make. I about fell off the chair when my score came up. Here I thought I was going no where and to my surprise...752!
I just wanted to say THANK YOU to all those who have contributed to these forums! From the mods to the newbies, I have learned so much from the questions others have asked and the searches in the archives that pertained to my financial situation.
To all those starting off, many of us who have been around (or just stopping by!) these forums were once in a not- so-good financial state. But taking control and being conscious of every dollar you make and where it goes will help you reach financial actualization! Always ask yourself, "Is it a good spend?"
Cheers!
