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rifleman wrote:
From Scorewatch 6-27-07:
FICO High Achievers have an average of 4 to 5 credit cards (including open and closed cards, bank cards and department store cards).
Perhaps this gives some more clarity on what a healthy number of cards is
(including open and closed cards, bank cards and department store cards).
Ye Gods - they also have had them for an average of 9 years and started 19 years ago!!!!!!
So by definition a FICO high achiever does not, and has not, used much credit 
They have been opening 1 card every 5 years for 20 years, and that is all.
They have been opening 1 card every 5 years for 20 years, and that is all.
rifleman wrote:
From Scorewatch 6-27-07:
FICO High Achievers have an average of 4 to 5 credit cards (including open and closed cards, bank cards and department store cards).
Perhaps this gives some more clarity on what a healthy number of cards is
rifleman wrote:
From Scorewatch 6-27-07:
FICO High Achievers have an average of 4 to 5 credit cards (including open and closed cards, bank cards and department store cards).
Perhaps this gives some more clarity on what a healthy number of cards is
Well my gosh.....that's not a lot of credit then. That would be like maybe one Home Depot/Lowes, a couple of credit cards, and a couple of Dept. store cards (excluding Home Depot/Lowes). I have to be honest, I really don't believe alot of what Fico says about "Averages". I think that if most of the posters on this forum will look around and take into consideration all the people they know co-workers and family members.....the majority has or has had some financial problems in the last seven years. I am not saying all people...just most of the people we speak with on a daily basis. With the economy being what it is and what it has been for the past 15 years, the price of gas...you can't hardly afford to drive to work each week as the gas prices sky rocket, everything we buy today is based on the price of gas because of the cost for for fuel to get it to the stores, Utility bills have skyrocketed over this, and the war. The fact that there are no jobs because most work is shipped overseas.
Sure Chaney convinced Bush to Declare war and then rebuild......why?? Because Chaney owns the construction company that is over there rebuilding because he has the contract on all of the rebuilding, Chaney has the contract to to supply all the gas used over there. I've heard that a military tanker uses 50 gallons of gas per one mile....but I don't know the actual fuel useage. We with the 9 digit number are the ones paying for all of this out of our tax money. Then you got a couple of complainters that what to claim that disputing is unethical on another forum post....."Tuscani's OP
on disputing inquiries." This last paragraph-tell me what's ethical in it. With what the goverment does, I'm not the least bit concerned with being unethical in disputing something I think may be incorrectly reported or a GW letter to a company that I had two 30 late payments with over five years ago. With what the CRA's get by with...is on the most part is it etical?
Back to the original reply here, I really don't go along with Fico's average figures. I don't know how they compile their their figures, or what they base their statisic's on, but I can't believe it is correct.
Look at "Dog", he has 42 plus CC's-LOL!!!!??????????? ---He, according to himself is using a lot of Bengay on his wrist, and to think he let Tuscani talk him into applying for all those CC's. 
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