Score updates coming quick

Stryder · ‎11-02-2016

I have posted on other threads that a lot of things are going on with my tl's and CRA...

to sum up

We bought a car on 7/28

App'ed and got the BCE and CSP first week of September

In November my last derog is supposed to fall off all 3B, EQ still has an old CO for $77, so there are two baddies on EQ.

Scores on 9/10 Fico 8 EQ 652.... TU 667.... EX 675

As INQ's and TL's start reporting the scores started going everywhere...mostly down.

On 10/19, the one derog on my EX fell off, and my score went to 739

On 11/1, my EX jumped again to 747 (not sure why) I think it was my brand new accounts aging

Called EQ today to dispute the $77 CO since I had the deletion letter....it's from 2010, so its a no brainer, just have to fax them the letter and she said they would process within 48 hours. While I was on the phone with her, I had her chack the derog and she couldn't find it under the name I was giving her...I gave her a few differnt names and she couldn't find it..... It finally dawned on me...it was gone!!!! SaWeeeet! Once the CO gets cleared, My EQ will be clean!

Scores today Fico 8 EQ 696.....TU 702...EX747

So I am down to the one CO on EQ and the one derog on TU...I could maybe be completly clean on all 3B's by next week...I am hoping for 40 pts on EQ and TU ...we'll have to see! I a smartwatch and I jump everytime a notification comes through on it!

Oh, and also...my 3x is coming up Friday! (I am loving November!) I pif'ed it earlier today and they check EX., which is up 67pts since I got the card... I want to upgrade to the BCE Preferred...do you think they will do it at the same time? Or how does that work?

I am sorry to keep babbling about all this, but this is very exciting to us!

805orbust · ‎11-04-2016

With Amex the score update happens monthly. Make sure to log in and check to ensure they've got the updated score. So excited for you. Good job, and great cards of course. CSP is on my radar but I need some more gardening time first.

Stryder · ‎11-04-2016

@805orbust wrote:
With Amex the score update happens monthly. Make sure to log in and check to ensure they've got the updated score. So excited for you. Good job, and great cards of course. CSP is on my radar but I need some more gardening time first.

Morning 805 and thank you! I've technically had 2 statments from them...first was a partial, the second was the 16th last month. AMEX shows on EQ and TU, but not EX yet?

I am almost like in a dream state with what is going on. I was on a thread last night chatting about card offer mailings and I am not getting the Cap one offers for $750 anymore...I'm getting the good stuff..I have a large marroon envelope sitting next to me for an AMEX PRG for 50,000 miles with a 2k spend...(It has RSVP codes and all which I guess means I have a pretty good shot at it). That would be no problem to do the 2k spend, I hate to pass up free $500, but I don't really need that card. I think this is where real patience comes is not going crazy with the new abilities. I am still focusing on the SDFCU card with their low apr for BT's. I recon'ed this week so I am anxiously waiting.

Question...Do charges cards have a CL that adds to utilization?

I did check my score and it updated to show the 739, but not the current 747. Today is my 61rst day!!! I will strike up a chat after I see what happens with SDFCU.

I would like to do a PC up the Preffered and see if I could get 10k cl, but others have said you cant pc for 12 mo's to an AF. I will just play stupid and ask them questions! haha

The CSP is my favorite card..I dont know what made me App for it. I was approved for the BCE on 9/4 and was shocked I was instantly approved (EX 681) for 2k. 3 days later and read about the pre-qual for Chase... no HP...I fill out the first page and the next said which card do you want...FU, Slate, or the CSP...I clicked the CSP, next page was to fill out more detailed info, a couple of more pages and the next thing I know I was approved!! My DW and I couldn't believe! I've been reading about CSP approvals and some of the horror stories makes me realize HOW lucky I am. YMMV could never be more true than with this business!

Stryder · ‎11-05-2016

UPDATE: My TU last baddie fell off yesterday and my score this morning went up 71 pts to...773 !! I couldn't believe it! Holy Cow! I was hoping it would go up to 740 - 750 maybe... I think it is bigger than my EX because TU still has a 12 yr old account which raises my AAoA....it fell off of EQ and EX so the oldest there is 10 yrs,,,which I don't understand why closed accounts fall off and then CR's tell me my accounts are not that old.

My EQ is still at 696, that derog is gone too, but it still has a $77 collection that I filed a dispute on and sent them the Deletion Letter they gave me when I paid it off... so it should be gone pretty quick and then all 3B's will be squeaky clean.

Boy, its going to be hard to go the Garden with a tasty TU 773 and NFCU just sitting there looking pretty..

805orbust · ‎11-05-2016

SCHWEEEEEEEEET!!! That is unbelievably excellent to coin a phrase. Yeah, for sure your biggest challenge is going to be calming down and tending to your garden. But definitely TRY to calm down at some point lol. As for NFCU you need to just go for that now. Unless for the principle you wanna wait till that $73 pain in the rear is gone. It looks like it's a crapshoot as to who they pull, however there are more TU pulls than any in the credit pulls database. With scores like that your starting limit will be hovering around 20k for sure. So happy for you guys. LOVE this stuff!!

But calm down ok? LOL!!!

805orbust · ‎11-05-2016

Oh, and with charge cards there is no utilization, just your balance. There is some funky formula I read about here where your high balance is compared to your reported balance and made into a utilization component. Haven't verified, HOWEVER, just in case I let $3,000 report one month and then that was it. It'll never see more than20% even if I goof off one month. Awesome job dude, awesome.

Stryder · ‎11-05-2016

@805orbust wrote:
SCHWEEEEEEEEET!!! That is unbelievably excellent to coin a phrase. Yeah, for sure your biggest challenge is going to be calming down and tending to your garden. But definitely TRY to calm down at some point lol. As for NFCU you need to just go for that now. Unless for the principle you wanna wait till that $73 pain in the rear is gone. It looks like it's a crapshoot as to who they pull, however there are more TU pulls than any in the credit pulls database. With scores like that your starting limit will be hovering around 20k for sure. So happy for you guys. LOVE this stuff!!

But calm down ok? LOL!!!

Haha...I'm trying to calm down, but jeeze.... I fight and fight to get things fixed and now I cant use it? Here's your new Lamborgini, but you cant drive it?

I am just shocked at how big the jumps are...I was hoping to be in 720 - 730 avg overall. My goal was 740's by spring.

I am looking for a bigger Total Util...I am only at 16k with all I have now. I still haven't done my 3x ... I chatted with them and ask if it was a HP or SP and he said it could be either, so I am going to wait until I see what I want to do. I dont want to waste an hp for 4k. I really want a low apr BT card and as TCL as I can get. That way I can roll a 4k bl and still only be around 10%.

I am going to go a head and start the process to join the Navy League because it will take a week or so, that will give time for the $77 deal to be gone off of Equisux (currently 696 Fico 8). From what I've read on the new NFCU thread, they are pulling TU for CC and EQ for membership and LOC's.

I just pulled my 1B on TU and was surprised my Fico 8's are better than the older Ficos...accross the board.

Bankcard 8 - 792

Bankcard 4 - 752

Fico 4 may still be good enough for a chance at 20k? My income is only 60k, so I don't know if that will hold me back

We'll see! I really appreciate your support...this is life changing for us. This also shows that if you have bad stuff on your CR's (I had 5 in Jan16, 1 repo, 1 collection, 3 co's) as long as you keep making no mistakes on payments and pif you cards, when the baddies are gone, your accounts will shine!

Anonymous · ‎11-05-2016

Congrats, Stryder. Very happy for you.

The most encouraging thing I read is to watch you feel tempted (based on feelings, emotions, impulses) to do a certain thing (e.g. apply for an Amex PRG) but then (with some difficulty) rein yourself in and remind yourself to stick to your plan (whatever the plan might be).

This habit of mind is incredibly important -- a million times more important than the specific cards you have, bonuses you get, the speed at which your scores are going up, etc. To reemphasize that habit is this:

(1) Calmly, coldly, and methodically make a plan for your finances. (This applies to credit building or retirement or whatever.)

(2) Stick with the plan and do not let feelings/impulses of the moment cause you deviate from it. In your case this may take the form of credit card offers, but it applies to people with investments too (greed for a new stock, fear that you are missing out on X or Y, fear that the market will tank, etc.).

(3) Reevaluate and update the plan once or twice a year at fixed intrevals -- but not when you are in the throes of any kind of excitement (worry, fear, elation, greed, etc.).

Again, best wishes for a great future.

Anonymous · ‎11-05-2016

PS. I saw that part of your plan is to try to increase your total credit limit. You mention that it is 16k now but you want it to be higher.

That's a fine goal. Personally my advice is to make it a very secondary goal. I am sure you have heard that over time you can periodically solicit soft-pull based CLIs. And you have several cards so it will certainly go up over time.

But I'd also mislead you if I told you that the bigger CL would help your score. If it does help a person's score, that necessarily means that he is unable to pay off his cards. And if that's so, then that becomes the (very serious) problem to work on, not one's CL. Yours is fine right now and you should be able to easily have a total utilization of < 29 % without even trying, and of course if you need a top score you can get it in a heartbeat by paying all cards to $0 except one.

PPS. If you ever do get a charge card, make sure that you do not use it (or an AU card) as the "one" card that reports a balance (if you are straining for a top score). FICO may ignore it and then it would look like all your cards are at $0.

Stryder · ‎11-05-2016

@Anonymous wrote:
Congrats, Stryder. Very happy for you.

The most encouraging thing I read is to watch you feel tempted (based on feelings, emotions, impulses) to do a certain thing (e.g. apply for an Amex PRG) but then (with some difficulty) rein yourself in and remind yourself to stick to your plan (whatever the plan might be).

This habit of mind is incredibly important -- a million times more important than the specific cards you have, bonuses you get, the speed at which your scores are going up, etc. To reemphasize that habit is this:

(1) Calmly, coldly, and methodically make a plan for your finances. (This applies to credit building or retirement or whatever.)

(2) Stick with the plan and do not let feelings/impulses of the moment cause you deviate from it. In your case this may take the form of credit card offers, but it applies to people with investments too (greed for a new stock, fear that you are missing out on X or Y, fear that the market will tank, etc.).

(3) Reevaluate and update the plan once or twice a year at fixed intrevals -- but not when you are in the throes of any kind of excitement (worry, fear, elation, greed, etc.).

Again, best wishes for a great future.

Thank You VERY much CGiD. You (and many others) have given me great advice along the way and it helps having the knowledge shares, and just the comfort of a place to run to and sort through the trauma and confusion in dealing with such an important issue that is in our lives.

I've said it once and I'll say it again, this is a life changing event that is happening to us right now. Those of you that are younger on here complaining about having bad credit for 3 or 4 years....try 30 or 40 years. I don't know exactly what my scores were (because I never checked, probably high 600's) ...after 2009, we've had nothing for 7 years...2 cars with over 100,000 miles apiece, one $500 credit card. I lived in mortal fear that a transmission or something would go out and we would be sunk. I fixed the cars myself, made perfect payments, and worked at getting credit and paying back with out any mistakes...and now its paid off.

My wife and I just hugged for an hour with tears in our eyes this morning realizing this is reality. I will never ever let us get back in the situation we were in before. And I believe I can make that statement now because I am educated in credit!