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12-14-2009 06:08 PM
12-14-2009 08:12 PM
i haven't, but i have seen posts on here about people getting denied for too many accounts or for sufficient credit available.
do you know how many accounts cards they had?
12-16-2009 03:24 PM
my mother got denied once for having "sufficient credit available on other Barclays accounts"....she only has one card haha
Barclays will say that if they won't extend anymore credit to you. My mom got this when asking for CLI on her 20k line
12-16-2009 08:53 PM
12-17-2009 06:48 AM
I was denied by Nationwide and the only reason was that I had to many accounts. At the time I had 9 CC's & 5 store cards.
Thanks - that's good to know!
For 800 FICO scores, you'll see experts recommending no more than 10 open accounts (FICO code #28 "Number of Established Accounts"); with no more than 6 bank/national cc accounts (FICO code #4 "Too many bank or national revolving accounts").
Nationwide is on my list - so thanks for the info on what they're looking for!
12-17-2009 04:33 PM
I've never gotten hit by having too many accounts, but I have been slapped up for:
1. Too many accounts reporting a balance;
2. Not enough accounts reporting a balance;
3. Not enough accounts (16); and / or
4. Sufficient credit available considering balances.