Super Contributor
Posts: 8,173
Registered: ‎03-25-2007

Closing CCs - comments from Chase

I had a great chat with a Chase-United CC rep today
One interesting story she related - she and DH applied for a mortgage and were told they had too many old CCs (unused) available to them.  She then closed a bunch, and her score dropped - NOT due to utilzation!  Mortgage rep said he had seen it before, when more than 2 cards were closed in 6 months.  He said she should have closed two and dropped the CL on some of the unused cards.
So not even Chase CC reps know all the tweaks to FICO.
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Valued Contributor
Posts: 1,065
Registered: ‎04-26-2007

Re: Closing CCs - comments from Chase

That's actually pretty funny
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007

Re: Closing CCs - comments from Chase

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.