mypfvoyage.org

Today my credit score jumped 10 points again. Now my Equifax score is 724. So on of my initial goals for 2008 has been reached for 1 bureau. So now I just have to keep working diligently to make sure that Experian and TransUnion is also in the same range. As soon as they get in the same range I am thinking of doing a credit freeze or a fraud alerts. That decision will come later.This new score has moved me up into the second tier bracket for credit for mortgages and home equity loans. The key is to now maintain and improve on my scores.

I know I just posted yesterday about my credit score. However, I now have an update from the Fico Quarterly Monitoring service that I signed up for. My TransUnion score has gone from 664 on December 11, 2007 to 686 on March 10, 2008.

Here are some of the reasons for the change:

* I have a new positive factor helping my score.
* I no longer have a negative factor hurting my score.

In addition to those reasons, TransUnion recently added another credit card account that I opened back in 2003 that is and always has been in good standing. I am sure that help my score also. I will continue getting at least 3 more reports before the end of the year and hopefully I will be at a 750.

On November 11, 2007, I decided that it would be a great idea to start to track my credit score again. My credit score has been declining over the past few years while my liabilities have been going up. So on that day I registered up with www.myfico.com for access to my credit report and scores. I signed up for the Equifax Score Watch which is $8.95 per month. My Equifax score was 645 at the time. I have since started managing my account properly not letting any late payments hit my account and recently paying off one revolving account. Read the rest of this entry »