@jamie123 wrote:Yeah, I spend time on Reddit.com. I am a "Workstation Expert" there in the "/r/buildapcforme" subreddit.
I have always been interested in computers and did a number of upgrades and repairs to my computers over the years. A few years ago I decided to build one of my sons a gaming computer as a good "father/son" bonding experience. I researched the heck out of all the components and we built a really awesome computer. I had so much fun with it that I hung around on the forum giving other people advice. Eventually the Mods christened me a "Workstation Expert"!
Anybody can build a computer nowadays. It's so easy that even I can do it!
Just a few years ago I also started researching stock market investing and have been investing in stocks. Sorry to say, I'm still working 9 to 5! (And if you think it's bad waiting for your credit score to change, you need to buy some stock that starts a downward drift for a few days/weeks!)
Welcome to my 3d printing world. I badly misjudged that one... finally just sold them all at a substantial loss to try to offset some of my capital gains that I'm going to take this year as a result of the mortgage financing. Last year had absurd profits anyway, like 2x historical market average so probably isn't a crappy time to be taking some winnings and going home so to speak.
@Anonymous wrote:Thought you guys might be interested in what my CU did when I made a couple payments on the PL.
I decided I just wanted to pay SOMETHING to it since it's charging me interest, even though I'm overall playing the waiting game to decide what gets paid down to what. I owed about 12k on an original 15k loan. I paid 2k. I checked the regular payment box so I was overpaying my 7/5 payment. No problem, I paid it and it showed the balance at 10k+. The due date didn't move beyond 1 month though. It said it was due 8/5.
Then I was kicking myself for not paying it below 10k instead of just above (because who doesn't like to see one less digit in what they owe?) I decided as long as I was making another payment, I should pay it down below 50%. So I paid an additional 3k to take it down below 7500. I planned to check the regular payment box again, but it bounced that and said that regular payments can't be made more than 30 days in advance. I had to pick the add'l principal choice.
I am! Which CU was it?
Think we have a couple in flight now:
USAA (not a CU but still): me
SDFCU: Jamie
Alliant: Jamie and eventually me
Tested:
DCU: only 3 months ahead
School's First CU: only 1 month ahead
Had one other mentioned here sans name heh.
This thread is interesting to say the least. so my installment loan shows on my reports as negative. as im still at 90 percent. 5k loan. still owe 4200 on it. so in all of your opinions. should i pay it down to 65% or lower so it can stop showing up on my report as a negative item??. this is frustrating. soon as i get my reports sparkling clean. something else shows up. now it shows negative factors as follows. will insert snippet.
@taxi818 wrote:This thread is interesting to say the least. so my installment loan shows on my reports as negative. as im still at 90 percent. 5k loan. still owe 4200 on it. so in all of your opinions. should i pay it down to 65% or lower so it can stop showing up on my report as a negative item??. this is frustrating. soon as i get my reports sparkling clean. something else shows up. now it shows negative factors as follows. will insert snippet.
It still shows up as a negative for me but I noticed when I got to 65 (note I don't know what the specific breakpoint might be) I did get a boost to my FICO 8's and my EX 98 among others. I'm hoping more people will be able to test the theories and be able to pinpoint things more accurately.
Small update, my single balance CC updated ($86 -> $64 / $8400, no utilization change, actually got a balance update for the CC on TU and no point change... TU already had the installment tradeline utilization factored into it though from 6/7) and EQ finally picked up my installment tradeline change.
EQ FICO 8: 690 -> 696.
Didn't seem to impact EQ FICO 04 as expected based on anecdotal reports and the TU 04 data; DCU was 700 last month and 700 this month reported late yesterday with no other changes on report. Does appear that EX 98 is the only score out of the mortgage trifecta to be changed at least on this bit, be interesting to see your data point at some absurdly small installment loan balance Jamie pre-mortgage app.
Mortgage inquiries were from May 30th and as such are discounted till the 29th or 30th and I haven't ticked over 3 years AAOA so this is a clean pair of datapoints with my file.
Decided to push the boundaries on this one. Alliant didn't care about the pre-payment for Jamie apparently (DCU whacked me with the day twice when I prepaid my auto loan) and USAA let it go for me so kicked money to Alliant and will be doing the same to USAA within the next two weeks.
What I mean by prepayment results in something looking like this:
New Balance: $42.85 / $500
Next Due date: 10/21/18 - $9.16
Just going to let it sit (for 3+ years haha) and hopefully late next month will get a clean set of datapoints with that and USAA before the mortgage hits the scorecard.
Incidently if this pans out it cuts the cost of the reindeer game down to something absurdly cheap since paying 4% on $42 is even more trivial than the $400 I had previously or $500 I originally opened the account with, especially compared to the 1% I get on on the underlying account balance of $500 (loan initial yield spread was 3%, interest rate on underlying deposit has interestingly gone up, whereas the loan has stayed fixed with Alliant).