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Screenshot of my Experian Fico 8 over time
Just a bit celebration/motivational submit 🙂
Jan 2019 – I made a decision to begin taking my credit score rating significantly. My solely open account was a automotive mortgage that I had 2 late funds on, plus a collections account from my outdated college.
July 2019 – Lastly obtained authorized for my first CC, a Secured Capital One Platinum card! I had beforehand been rejected for a secured Uncover card.
Dec 2019 – Automated CLI on my secured CapOne
Mar 2020 – Paid off the collections ($7500)!
Might 2020 – Accepted for my first non-secured card, Chase Freedom!
Sept 2020 – Accepted for my third CC, the Apple Card
Jan 2021 – Received my deposit for my secured card again!
Jan 2021 – Accepted for my 4th CC, CapOne QuickSilver (no annual payment, 1.5% money again on every little thing.)
Feb 2021 – Accepted for my fifth CC, Uncover It
Feb 2021 – CLI on Apple Card upon request
April 2021 – Paid off my automotive mortgage 18 months early!! I am anticipating my rating to go down due to the closed account, however I am so glad to have it paid off!
I do know I’ve opened plenty of CCs, I’ve solely opened ones that present a brand new alternative to maximise money again. I exploit accountable credit score practices, all the time repay in full after the assertion and so forth. My subsequent objective card is the Amex BCE, which I plan to get in Feb 2022. My Uncover card has double money again for the primary 12 months, so I am attempting to take advantage of out of it earlier than I get a brand new card. After the Amex, I am positively gonna decelerate on the brand new CCs. I do not advocate opening a number of CCs until you might be sure that you’ll keep on prime of them, have auto pay arrange, do not spend greater than you’ve gotten in your checking account, and so forth. Be happy to ask any questions, I hope this submit can encourage somebody who was in the identical spot as I used to be! I keep in mind obsessively studying r/personalfinance and r/credit score for data and motivation once I determined to get a deal with on my funds and credit score. It helped lots to learn different individuals’s tales!
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