kayvebear

Never even heard about credit unions before joining this board. My car got stolen this week so I am now in the market for a new loan (for a used vehicle). USAA approved me for up to 12,000$ @ 16.44% (YIKES) Hoping this credit union can do something a lot better for me

Unfortunately my car was stolen three days ago so I will be taking out a loan in the next month for a new used car more debt.... blah

Paid off 5 of my 8 cards now in last two months in full... although they were the smallest they did have the highest APR's (going in order of APR). 3 more to go...

Just paid off Macy's in full so as of 5/9 USAA $5,929.00 / $6,000 CAPITAL ONE $710.10 / $750 CHASE #1 $1,399.00 / $1,500 BOFA $0 / $500 MACYS $0 / $500 TARGET $0 / $300 PAYPAL $0 / $1,400 CHASE #2 $0 / $500

Hearing a ton on the boards about PSECU... whats the deal?

How much can you afford to apply towards the debt each month? I can afford about $1,000 a month towards the debt monthly (is the hope). So far I have kept up with that. Here is the absolute kick in the balls. My car was stolen this morning, and I just paid it off in full 3 months ago after holding a loan o nit for 4 years. Now I have to get a new car (used), and the value on the old one won't be enough to pay for new.... so more credit .... Wow thats terrible news about the car. My only suggestion would be to be smart about what you get next. This would be my plan Month 1 pay $100 on the Macys, $300 on CapOne (To get you safely under the limit), $300 on the Chase and $300 on the USAA (To get you safely under the limit) Month 2 pay $250 on the Macys (Pay it off), $410 on CapOne (Pay it off), $140 on the Chase and $200 on the USAA (To get you safely under the limit) Month 3 pay $600 on the Chase and $400 on the USAA Month 3 pay $400 on the Chase(Pay it off), and $600 on the USAA At this point you should owe about $4,800 on the USAA just focus on it for the next 5 months to pay it off. During this process don't worry about your credit scores, stick to the plan. Paying off those small ones makes things alot easier and makes you feel alot better also. BTW How old are you? Are you saying for retirement? Do you have an emergency fund? Thanks for the advice!! love it. I am turning 27 next month... I have about $3,000 saved and am not dipping below that level... not saving for retirement.

How much can you afford to apply towards the debt each month? I can afford about $1,000 a month towards the debt monthly (is the hope). So far I have kept up with that. Here is the absolute kick in the balls. My car was stolen this morning, and I just paid it off in full 3 months ago after holding a loan o nit for 4 years. Now I have to get a new car (used), and the value on the old one won't be enough to pay for new.... so more credit ....

Just joined myfico.com ... my actual Fico is 663... only 9 points lower than what USAA' Fako reported. As mentioned above you cannot get an EX report from Myfico, so which report is showing this score? This was from myfico.com so it isn't 'EX'. now, what is 'EX'?

You guys will not believe it. My car just got stolen from outside my house. Cancel that on not having a new auto loan UNREAL

Yeah.. I am not buying a new car or home in the next two years so it is a waste of money. Just cancelled my free trial. I will still pay 5.99 a month for USAA's fako.. just for fun I guess

FAKO is a simulated score, FICO is your real score, what lenders see. I don't have USAA credit monitoring but my guess is it's a FAKO you are getting. If I am wrong on the USAA part I'm sure someone will chime in. So really credit monitoring services using FAKO's are pointless when only FICO matters? Just joined myfico.com and got my score. 663 is my real FICO ... 672 is my FAKO. My FAKO is 1/3 the price of the FICO, and considering I am not applying for any new credit any time soon... is it worth paying for FICO services now?

Just joined myfico.com ... my actual Fico is 663... only 9 points lower than what USAA' Fako reported.

FAKO is a simulated score, FICO is your real score, what lenders see. I don't have USAA credit monitoring but my guess is it's a FAKO you are getting. If I am wrong on the USAA part I'm sure someone will chime in. So really credit monitoring services using FAKO's are pointless when only FICO matters?

I am very confused now. I am paying 5.99$ a month through USAA for credit monitoring. What score am I getting? This is a FAKO or FICO? What is the difference between FAKO and FICO?

Where are you obtaining your Experian score from? I am paying 5.99$ a month to USAA for a credit reporting service / score. That is where I am getting the score from. What is a FAKO, and what is an actual FICO?

So your Experian score is not a FICO, by the way. The only way to get an EXP FICO right now that I know of, is to have PSECUs monthly service... Don't trust FAKO scores.... I'm obviously not knowledgeable on this. What is a FICO score... what is the Experian credit score I am getting through the USAA credit monitoring service I pay for? What is a PSECU?

My experian credit score is 672... My creditkarma.com Transrisk is 588 ... whats the deal?

Whoah! Just refreshed my Experian Credit Score... :672 as of 5/6/11 ... a +20 point jump in just a week! Pumped!

And as of Today 5/5/11 this is where I stand with debt USAA $5,929.00 / $6,000 CAPITAL ONE $710.10 / $750 CHASE #1 $1,399.00 / $1,500 BOFA $0 / $500 MACYS $350 / $500 TARGET $0 / $300 PAYPAL $0 / $1,400 CHASE #2 $0 / $500 Student Loan Debt: $26,931 (Payments start in DEC).

Forgot to mention I have $26,931 in student loan debt which comes due this coming December....

Hi all, I am starting this thread to keep track / progress of my debt. I am trying to become completely debt free, and also gain outstanding credit in the process. I started paying down all my debt about 6 weeks ago when I got a new job, giving me my first nice source of income in quite some time. When I started 6 weeks ago, this is where I was at with debt. I will update weekly / monthly etc both debt, credit score and situations. This is extra motivation for me to succeed, and maybe it will help motivate others out there too. Starting debt levels: USAA $6,250.00 / $6,000 CAPITAL ONE $739.10 / $750 CHASE #1 $1456.00 / $1,500 BOFA $468 / $500 MACYS $478 / $500 TARGET $198 / $300 PAYPAL $628 / $1,400 CHASE #2 $480.00 / $500 FICO score via Experian on 4/30/2011: 652

Depends...for short-term, that could help your FICO but that USAA card being maxed (and Chase) is killing ya. You could consider getting into a CU and getting a good limit card w/a low or no interest BT option to help util out greatly but that might be an issue given your current situation. Work on paying down the balances. Get overall util below 30% and no card over 50% (and more than half showing a $0 balance) and then work on getting some CLIs for various cards (or getting some newer ones with much better CLs and close 1 or 2 of the older ones that you don't use) Go for the cards with the highest APR. Unless you have some immediate need for a higher FICO (apping for something) then it is smartest to pay off the cards with the highest APR (and thus save more money in the long run). Plus, in all honesty, with the high util you currently have, you probably shouldn't be apping for anything right now anyway. You'll be in the best app position if you wait until you get your util to at least below 30%. Yeah that is what I have been doing since the get go when I decided to get debt free. Right now its about saving money ... and I know my FICO will improve immensely as a result of making the right decisions. By 2014 all BADDIES should be erased from my report... (2005-2007 were rough years).

No strings attached? Free credit scores and reports? Why am I paying $6 a month to USAA?

So you are saying I should pay off Capital One before Chase even though my chase APR is almost double?