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Just looked at my EQ report and noticed it's been 8 months since my most recent app spree. I also noticed a "fair" overall rating for recently opened accounts.
Does this mean I need to open more recent accounts? Or that I have too many recent accounts and thus overall it's a fair rating?
Does anyone have an "excellent" profile for recently opened accounts? I'd be interested in knowing the most recent app date to be considered excellent.
Just trying to tweak a few extra points.
@Fico2Go wrote:Just looked at my EQ report and noticed it's been 8 months since my most recent app spree. I also noticed a "fair" overall rating for recently opened accounts.
Does this mean I need to open more recent accounts? Or that I have too many recent accounts and thus overall it's a fair rating?
Does anyone have an "excellent" profile for recently opened accounts? I'd be interested in knowing the most recent app date to be considered excellent.
Just trying to tweak a few extra points.
I would expect that you will get to that "excellent" if you have NO new accounts in the past 24 months ...cannot tell as I have plenty of new accounts myself
It's fair because you have too many recent accounts. Recently extended credit is a negative (double hit along with the inq, but also a positive for utilization)
@longtimelurker wrote:It's fair because you have too many recent accounts. Recently extended credit is a negative (double hit along with the inq, but also a positive for utilization)
Recently extended credit? Do u mean like auto CLI? If so how would this affect your scores and profile?
@lg8302ch wrote:
@Fico2Go wrote:Just looked at my EQ report and noticed it's been 8 months since my most recent app spree. I also noticed a "fair" overall rating for recently opened accounts.
Does this mean I need to open more recent accounts? Or that I have too many recent accounts and thus overall it's a fair rating?
Does anyone have an "excellent" profile for recently opened accounts? I'd be interested in knowing the most recent app date to be considered excellent.
Just trying to tweak a few extra points.
I would expect that you will get to that "excellent" if you have NO new accounts in the past 24 months ...cannot tell as I have plenty of new accounts myself
I'lm going to track the rating bar to see when it becomes "good" and when I graduate to "excellent."
@Fico2Go wrote:
@longtimelurker wrote:It's fair because you have too many recent accounts. Recently extended credit is a negative (double hit along with the inq, but also a positive for utilization)
Recently extended credit? Do u mean like auto CLI? If so how would this affect your scores and profile?
No. He means new accounts opened.....auto cli only affect utilization--if there is a balance being reported; obviously, 0% utilization would remain at 0%.
@Fico2Go wrote:
@longtimelurker wrote:It's fair because you have too many recent accounts. Recently extended credit is a negative (double hit along with the inq, but also a positive for utilization)
Recently extended credit? Do u mean like auto CLI? If so how would this affect your scores and profile?
Sorry, meant new accounts. CLIs don't seem to count