Lately, I've been feeling proud of myself. I began dedicating time, energy, and money into correcting and improving my personal credit. I was really impressed with the apparent raising of my score by almost 100 points (on my own) and doing so using legitimate, well-established procedures. I'm not in the market for credit (business or personal) but I figured I would give it a go and maybe, someday, my experience could help others facing a similar dilemma. Well, someday is today... Awesome, right?
Well, not exactly...
You see, I am very mindful of my business credit scores. I'd learned what was important by working for D&B® and D&BCC® for several years. My experience as a resolution specialist helped me to understand the 75 factors that impact business credit scores, a skill I now use to help others. But, until recently, I hadn't focused much energy on my personal credit.
I won't kid anyone by saying I have perfect personal credit because I don't. Everyone goes through hard times at one point or another. In my case, I had some old medical bills a few years ago that I had refused to pay because they should have been covered by my insurance. Because of my hardheadedness, they went to collection. I was pretty confident there wasn't much I could do about those. While I didn't like the fact they were on there, I was content to let my personal scores improve over time by focusing on being a more responsible consumer in real time. After all, I have good business credit and that is what really matters to me.
But a couple of months ago, I had been sent one of those "pre-approval" letters for a personal bank card and decided to give it a try — and was denied. At first, it didn't bother me because I have the business credit I need, but after a few days of the denial gnawing at me, I decided to do something about it.
I pulled a copy of my personal credit report from Experian® and, sure enough, my FICO® score was not impressive. I even bought into a personal credit monitoring service so I could keep track of my progress — one of those services that allows you to dispute old or derogatory information to see if it can be removed and then sends alerts as your scores change. I was especially impressed with the one I signed up for through NAV® (formerly Creditera®) because it allowed me to monitor my business and personal credit scores at the same time for only $29.99 per month.
I launched a few disputes on the debts I had paid off, updated my personal information, and then signed up f