Only 14 more points to go!
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| Thu, 02-04-2010 - 7:11pm |
Update: Title should say Only 9 more points!
I checked my credit score today - once every year I check my credit report and score and this year I am pretty happy. Both my husband and I are are so so close to a 720 and to having an "excellent" credit rating. 9 points all I need is 9 more points. Right now I am at a 3 credit report score of 711.
I was so doubtful I called my bank and talked to my mortgage lender man guy and asked him what they consider "excellent" credit score and he said 720 and above! !
And even better I know what I need to do to get there.
Get my balances down below 50% of the limit
Get down my debt so my revolving credit percentage is lower
Both things that are I am working on right now.
I don't have any late payments and my bankruptcy is off of my credit report (after 10 years!)
I don't mean to sound boastful but for anyone out there struggling with bankruptcy, struggling with wondering how you can get from "there" to "here" know you can. It takes time. It sure does but it is doable.
I still have $15,000 to pay down (yes I charged again after my BK in 1999), plus a mortgage (30 years) and student loans but today I feel like it just might be possible.
Edited 2/4/2010 7:12 pm ET by smoochdog


Let me be the first to congratulate you!
Kate
Congrats!
I like that you know how you are going to get your score up more. I didn't understand that until I got a report from my car insurance and they show you your score and how they make it. It was helpful for me because I saw that if I lower our income to debt ratio and debt to money that is bowarable ratio we will be a better risk and in turn could have a better rate.
Liz
student loan paid off 2010
Bathroom remodel loan paid off 2013
Pending Car loan to be paid by the end of 2014!!!!!
Congratulations on raising your score.
Norma
"Patience is the best remedy for every trouble"- Plautus
Ah Smooch that is great! 10 years is a long time. You sound very motivated in your current journey. Good luck!
Watch that debt to income thing, not as clearcut as it seems.
This year my income went up to the highest ever, I also have less debt on my credit reports than I have had in the last 10+ years, but my score went down?
- I do not show any realestate debt (because I sold and paid it off, as well as rentals, in full.)
- I owe less per month and less total (but I also lowered CC balances available or opted for the CC company to lower them so I could keep a lower interest rate)
We are not talking a couple thousand here either.
good points! I wonder what it would take to get a perfect score or if that is even possible.
Liz
student loan paid off 2010
Bathroom remodel loan paid off 2013
Pending Car loan to be paid by the end of 2014!!!!!