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Posts: 9,738
Registered: ‎01-15-2009

January 2016 -=- Check In

Most people sit down and write out New Year's resolutions.  Credit wise, what would be on your list?  


I know you are all hard at work with your credit goals.  Have you progressed as far as you hoped?  Were there any unforseen expenses that cropped up and may have thrown you off schedule?


As a reminder, participation in these monthly checkins is optional, but encouraged. The goal is to help keep you on track, so feel free to post your progress updates here. This is a no-judge zone; feel free to say what's keeping you up at night or give yourself a kudo for having it all together.


Did you hit any potholes or speedbumps? Achieve some milestones, either small or mighty? Change your goals or add new ones?


Let us know how you're doing! Now that 2015 is behind us, can you see any improvements?

Established Contributor
Posts: 771
Registered: ‎07-19-2007

Re: January 2016 -=- Check In

[ Edited ]

Checking in!
Pay down utilization monthly!

PFDs & negotiating derogs will begin in February! Not focusing on savings until mid year.


I have made tremendous progress since August '15, acquiring about $2000 in credit lines! Last March I had $0. No resolutions because those forever seem to be broken. One month at a time for me.


Let's make this a great year & prosperous year!

Goal Card
Goal Score: 800 Across the Board

Established Member
Posts: 12
Registered: ‎09-03-2012

Re: January 2016 -=- Check In



I am incredibly excited to continue the progress that I started making last year. My scores as recently as 9/2015 were 501/459/447 respectively. As of today, my scores are 618/632/582. I learned that it is incredibly important to not have a high utilization on my cards, and so I will continue to do that this year. I am also excited about finally attacking my student loans to make a dent in them this year. I put them on hold for the last three months of the year so that I could bring the utilization on my cards down to zero while also building up a little savings. I just sent off my first payment this morning, which was more than what my minimium due was. 


My goals for this year are to raise my credit score and finally get a card that I think will be good for earning points/miles. My dream card is an AMEX/Discover, so I will be working towards that this year. 


Best of luck to all of you on your journey. 



Starting Score: EQ 618 TU 632 EX 582
Current Score: EQ 618 TU 632 EX 582
Goal Score: EQ 725 TU 725 EX 725

Valued Member
Posts: 29
Registered: ‎08-18-2015

Re: January 2016 -=- Check In

I am starting the new year on a ch13..  During the year, I will be concentrating on paying my bills mortgage on time each month and being debt free.  My scores are all running the mid 500s.  I will report often updates.  KEEP ME STRAIGHT "FICO"

Valued Contributor
Posts: 1,095
Registered: ‎04-24-2014

Re: January 2016 -=- Check In

I'm excited about continuing the progress I've made since joining the challenge in April 2014.  Summary recap: Buy home in Bay area, pay off 30 year mortgage at least 10 years sooner, improve Fico score to 760-850 range, and not have more total debt for credit cards and students than I had the beginning of 2014. Total Debt was $39377.44 in Jan 2014. Credit card debt alone was $30,128.11.


Having met all my previous goals. My new challenge for 2016 is to pay off my new re-fi 15 yr mortgage at least 1 year sooner than Jan2031 and to keep cc debt below 20K.


The plan that I put together indicates that paying an extra $140 per month will pay off the mortgage 1 year early.

  Original Mortgage maturity Sept 2044; Refi maturity Jan 2031
Starting Score: EX 751 EQ 720 TU 737 on 4/9/14; Gardening since 10/24/15; Garden until 1/2017

Valued Contributor
Posts: 1,473
Registered: ‎07-22-2015

Re: January 2016 -=- Check In

*Cue's Rocky Theme Music*

2015 Resolution.  Fix my credit.

Removed ChargeOff, Switched Banks to APY accounts, Started IRA, Removed 3 collections, Increased Credit Value from Negative $750 to Positive $38 thou. 


2016 Resolution. Save money. Increase NetWorth.

Depositing CashBack cards into savings accounts, 2 new budget programs with alarms, Moving in w DBF putting money saved in IRA, Requesting CLI's, Using Coupons! 


Starting Score: (8/15) EQ 592 TU 572 EX 600
Current Score: (9/16) EQ 687TU 698 EX 686
Next Goal: Kill Synch,BestBuy,Cap1 and App TYP 2017.
AmEx | Barclay | BoA | Best Buy | Blispay | Chase | CapitalOne | Discover IT | NFCU | PenFed | Synch x2 | Amazon Prime | USAA
New Member
Posts: 1
Registered: ‎01-16-2016

Re: January 2016 -=- Check In

As the new year dawns the paydown begins. Is it a good idea to pay off all cards within the first month of the new year?


Posts: 9,738
Registered: ‎01-15-2009

Re: January 2016 -=- Check In

iamaroberson wrote:

As the new year dawns the paydown begins. Is it a good idea to pay off all cards within the first month of the new year?


Sure, if you're able.. why not! Smiley Happy You can always let one card report a dollar or whatever to avoid all cards being zeroed and having a score drop.

Regular Contributor
Posts: 133
Registered: ‎08-15-2012

Re: January 2016 -=- Check In

Checking in! This is my first year doing the FICO Fitness Challenge. 


My goals are:


Garden until June

Pay down credit card balances to below 10%; I'm currently sitting at about 26%

Pay off my car loan before the end of the year (hopefully Oct); Current balance: $12,394.94

After my car is paid off I'll be focusing on saving money and working on my student loans. 

Work with ex-husband to get house refinanced into his name and my name off. 

Increase scores to 650+

Starting Scores: EQ: 569 TU: 606 EX: 570
Current Score as of 5/24/16: EQ: 616 TU: 719 EX: 697
Goal Score: 700 across the board

Valued Member
Posts: 27
Registered: ‎07-17-2010

Re: January 2016 -=- Check In

After my divorce finalized last year, I was left with years of debt in my name. This month, I moved in with my parents for a year to help have the extra funds to pay down some debt! Started out January 1st with $27,362 in credit card debt (12 cards), $87,135 in student loan debt (just consolidated and started on the PSLF), and $1923 owed on my car.


Just this month, I was able to pay off my two smallest credit card balances. It's a small victory, but I am excited about having less bills and getting this debt under control. My student loans will not decrease very much, but I'm starting the PSLF program and in ten years should not have any loans to worry about.


Good luck to everyone in 2016!

Starting Score: 641
Current Score: 680
Goal Score: 730

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