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How do you get "great" for amount of new credit?

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Anonymous
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How do you get "great" for amount of new credit?

On the myfico report scale when I had 1  inquiry and 1 new card I had grade of good, now with no inquiries I still only have a score of good. How do you get a grade of very good or great for amount of new credit? Or is it based on the rest of your report also? Just curious.
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smallfry
Senior Contributor

Re: How do you get "great" for amount of new credit?


@Anonymous wrote:
On the myfico report scale when I had 1  inquiry and 1 new card I had grade of good, now with no inquiries I still only have a score of good. How do you get a grade of very good or great for amount of new credit? Or is it based on the rest of your report also? Just curious.

My EQ went from good to very good once my newest account reached one year. YMMV.

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