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My Credit Plan Blog

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Kevin had a low Classic FICO® credit score of 603. He didn't know where to go or what to do. He heard of My Credit Plan and decided to give it a try. He followed its counsel and didn't know what to expect. His results left him stunned when he saw his 815 FICO Credit Score - 212 points higher! "All I did was follow what it (My Credit Plan) told me to do!"

FICO Credit Scores are extremely challenging to understand, let alone very difficult to improve. One needs to know what accounts to close, accounts to open, accounts to keep open and use, and what accounts to pay down. Answer these question wrong and you can see your FICO scores drop. Where do you find the answers to these questions -- only with My Credit Plan!

Kevin claims he would have never had the success with his FICO scores if he had not found My Credit Plan. He said he followed the advice it gave to him to do with each account. What did he do to find such success?

He identified three accounts he had to pay with balances of $8,606, $5,440, and $4,353.  Two of them were high balance credit cards. Then he had to identify a certain credit card he wanted to open and use. He knew through My Credit Plan that some credit cards would not give him all the same points to his credit score like others do. He then opened the credit card that was going to help him the most value, both as a consumer and with improving his credit scores. Then he had to address ten other accounts that were lowering his scores through balance issues or derogatory issues. He got every one of them resolved. 

He didn't dispute anything like all the credit repair companies do. He simply followed the plan given to him in My Credit Plan.

What does it mean for Kevin? With his higher credit score, he will save about $344 a month on his $340,000 mortgage. Other payments for auto insurance and auto loans will be much lower too. His overall savings will be in the $500 to $600 range. All this because he followed the advice given to him through My Credit Plan.

If you need to increase your FICO Scores, go to My Credit Plan and it will give you a detailed outline, just like it did for Kevin. Great job Kevin!

 

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