my fico is 658

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
I screwed up terribly early in life.. I defaulted on several cards, including a $12,000 discover card. I was trying to start a business, and got screwed really bad, losing about $35,000 I had saved up, being cornered into living on the cards to survive. It sucked. My fault though, I was naive and irresponsible.

Granted, I did the right thing, I settled all of the debts and paid as much as I could to the creditors satisfaction. For my entire life, I have had credit filled with bad marks. I knew the last bad mark, the $12,000 card I defaulted on, it was scheduled to be removed from my credit altogether by november.

I just checked, and yay!

Accounts: 15+
Open Accounts: 6
Closed Accounts: Unavailable
Inquiries: 15+
Derogatory Items: 0
Delinquencies: Unavailable
Total Revolving Balances: $7,000-$7,999

I've been on top of my bills for the past 3 years, only missing one payment to dell because they never sent me the bill and I completely forgot about it. BUt I promtply paid that account off. I just paid off another card, of which i used to by a couch (it was $2k, i put $1k down and borrowed the rest), and since that was several days ago, I doubt it's been reported. I have that I owe about $6,700 since paying off that card. which should help kick my score up a little bit more, and next month, I'm putting another $3k down on my debts.

whooorah! it feels good. At one point, I tried to rent an apartment and when they ran my credit, they laughed at me and asked me to leave.

 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: compuwiz1
Anything else you'd like us to know about you?

Good job!

thanks! I know it's not the highest score, and had I had more restraint when I was younger and not so naive, I'd probably have a much higher score like a 800, but considering the nightmare I went through, it's nice to know someone can run a credit check and see that I'm not screwing anybody.
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: spidey07
Good deal. Get those revolving balances lower and you'll go up even higher.

I'm trying. My next milestone is getting it up to 700. That might take a while though.
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: Special K
Who needs credit when you were wired 6 million in cash?

The first offer I've received was more than that, but it was going to be invested into the company, and I wouldn't have given up nearly as much equity as if they bought it out right.

I would have ended up owning 25-30% of a company with alot of money in the bank.

I'm already discussing a different possible arrangement with a different set of businessmen.

I'll keep you all posted!
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: G Wizard
what service did you use to get this information?

free?

Washington Mutual posts a basic outline of your FICO score as reported by TransUnion every month. This data was as of "December 31"

 

FelixDeCat

Lifer
Aug 4, 2000
29,753
2,319
126
Was 704 in November, no who knows what the heck it is now. But I know one thing, it sure as heck aint 704 anymore.
 

PepePeru

Diamond Member
Jul 21, 2005
3,846
0
0
Originally posted by: TechBoyJK
Originally posted by: G Wizard
what service did you use to get this information?

free?

Washington Mutual posts a basic outline of your FICO score as reported by TransUnion every month. This data was as of "December 31"

thanks.

i've never seen my fico number, now i'm curious.
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: Baked
My FICO score is over 900. That is all.

That's truly awesome. I wish I would have entered adulthood with the financial discipline and fiscal responsibility to maintain a score like that. I think I would be near that if I treated my finances then like I do now.
 

scott916

Platinum Member
Mar 2, 2005
2,906
0
71
Originally posted by: TechBoyJK
Originally posted by: Baked
My FICO score is over 900. That is all.

That's truly awesome. I wish I would have entered adulthood with the financial discipline and fiscal responsibility to maintain a score like that. I think I would be near that if I treated my finances then like I do now.

:laugh:

So did you wait for the defaults to fall off or did you settle them and have the bad marks removed?
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: scott916
Originally posted by: TechBoyJK
Originally posted by: Baked
My FICO score is over 900. That is all.

That's truly awesome. I wish I would have entered adulthood with the financial discipline and fiscal responsibility to maintain a score like that. I think I would be near that if I treated my finances then like I do now.

:laugh:

So did you wait for the defaults to fall off or did you settle them and have the bad marks removed?

I settled them. However, the payment history, and all of that stayed on the record. Most of them were settled by 01, but the 7 year thing kept the marks there. Even at one point, I didn't have any revolving balances, but I had tons of deragatory marks.

 

MrDudeMan

Lifer
Jan 15, 2001
15,069
94
91
Originally posted by: TechBoyJK
Originally posted by: Baked
My FICO score is over 900. That is all.

That's truly awesome. I wish I would have entered adulthood with the financial discipline and fiscal responsibility to maintain a score like that. I think I would be near that if I treated my finances then like I do now.

FICO scores are only between 300 and 850 FYI.
 

scott916

Platinum Member
Mar 2, 2005
2,906
0
71
Is there any point in settling them if they're going to just fall off anyway?
 

zoiks

Lifer
Jan 13, 2000
11,787
3
81
My WAMU fico score is 820. Citibank still reduced my credit line to 2k on one of their credit cards.
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: MrDudeMan
Originally posted by: TechBoyJK
Originally posted by: Baked
My FICO score is over 900. That is all.

That's truly awesome. I wish I would have entered adulthood with the financial discipline and fiscal responsibility to maintain a score like that. I think I would be near that if I treated my finances then like I do now.

FICO scores are only between 300 and 850 FYI.

ah! i thought it was 950.
 

TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
Originally posted by: scott916
Is there any point in settling them if they're going to just fall off anyway?

yea, because they will keep reporting it until you settle it, or at least postpone giving up as long as they can. If you dont settle it, they'll find ways to "renew" your debt and start the 7 year process all over.

 

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,111
926
126
Originally posted by: Baked
My FICO score is over 900. That is all.


Proof?
BTW, I work in finance. I have never seen the "theoretical" 900 score. Mid 800's is as high as I've seen.

 

MrDudeMan

Lifer
Jan 15, 2001
15,069
94
91
Originally posted by: compuwiz1
Originally posted by: Baked
My FICO score is over 900. That is all.


Proof?
BTW, I work in finance. I have never seen the "theoretical" 900 score. Mid 800's is as high as I've seen.

FICO only goes to 850. Credit scores go higher.

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