Hello, I post often on www.cardreport.com. I usually post questions regarding my FICO. Here is a little background:
I am a 19 year old (20 this month) male college student that is a credit card collector for a major credit card company. I work there because they pay almost all of my tuition, have bonuses for collecting well, and it a good way to learn about credit at an age where most of my peers don't even know what FICO stands for.
My debt background and current status:
My father co-signed for an $11,000 car loan about 14 months ago (60 months, $280/mnth @ 13.3% yuck). Recently I traded that car in (used 1998 Saturn SC2) for a brand new 2002 Honda Civic. I tried to get approved on my own but was denied, so my dad co-signed. (60 months, $345/mnth @ 4.9%)
I am engaged and am currently paying on a $2700 engagement ring loan @ 0% for one year (June 02 to June 03)
Those are my installment debts: roughly $16500 for the car and about $2000 remaining on the ring.
As for revolving debt: I have four credit cards: Dillards (store credit card, 0 balance)... 1st Financial ($800 out of $1000 @ 14.65%) ... Sears Gld Mastercard ($250 out of 450 @ 2.9% until 12/02) and the card my credit card company gave me, about $250 out of $1000 at fixed 5.75% (prime plus one).
So... that is about: $18,500 in installment debt and $1300 revolving.
I am a fulltime student also balancing my fiancee and cell phone. Needless to say, I don't have a lot of money to spend on going out, but niether of us drink or smoke so we don't have to spend money on that.
My most recent credit report, about two weeks ago, gave me a score of 646 per Equifax... however, I would imagine my score is a lot lower now that I jumped from owing $9300 on my first car loan and now I owe $16500 on a new car.
Anyway, I don't have an deliquincies or anything like that.
Just wanted to introduce myself =)