Recently opened accts FAIR?

[Fico2Go]

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.

[lg8302ch]

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@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.

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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

[longtimelurker]

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)

[Fico2Go]

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@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)

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Recently extended credit?  Do u mean like auto CLI?   If so how would this affect your scores and profile?

[Fico2Go]

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@lg8302ch wrote:

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@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.

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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

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I'lm going to track the rating bar to see when it becomes "good" and when I graduate to "excellent."

[Swapmeet]

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@Fico2Go wrote:

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@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)

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Recently extended credit?  Do u mean like auto CLI?   If so how would this affect your scores and profile?

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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%.

[longtimelurker]

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@Fico2Go wrote:

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@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)

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Recently extended credit?  Do u mean like auto CLI?   If so how would this affect your scores and profile?

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Sorry, meant new accounts.   CLIs don't seem to count