Reply
Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007
0

Question on the Total Number of accounts

On all 3 reports from fico, I see a red flab next to the number of accounts. It is listed as 40 accounts with a red flag next to it. Out of 40 at least 25-28 are closed accounts. How much score hit am I seeing because of the red flag next to total number of accounts?
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

Re: Question on the Total Number of accounts

The score hit is minimal if any.

You are getting hit if it is reducing your avg age-



concorduser wrote:
On all 3 reports from fico, I see a red flab next to the number of accounts. It is listed as 40 accounts with a red flag next to it. Out of 40 at least 25-28 are closed accounts. How much score hit am I seeing because of the red flag next to total number of accounts?




myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}