Opening up multiple shared secured accounts? Will it help or hurt?

[nafelix89]

I already have an shared secured account with my local credit union and it has been helping my credit little by little. Its been about 2 years since I've opened the account.

 I was wondering If I was able to open up maybe 1 or 2 more shared securred accounts would that boost my credit score a lot? Or would it end up hurting my credit because I have multiple accounts open?

[enharu]

It will hurt your scores temporarily because of new accounts being reported, which lowers your AAoA in return. However in the long run having more accounts reporting positive history is going to be more beneficial.

What are your scores like currently? If your scores has improved by quite a bit, you can start considering partially secured cards, or unsecured cards as well.

[nafelix89]

My scores are 664, 663, and 647. WIth a history of 90 days late payment.

[09Lexie]

And your util?

[nafelix89]

whats a util?

[09Lexie]

Utilization

[djc1puno]

Percentage of what you owe on you cc over total credit limit