cancel
Showing results for 
Search instead for 
Did you mean: 

There are too many personal finance accounts on your credit report.

Frequent Contributor

There are too many personal finance accounts on your credit report.

There are too many personal finance accounts on your credit report. [TransUnion] Having too much available credit can sometimes harm your credit score. Lenders may feel that you have the ability to spend more than you could potentially pay back. You might want to consider closing a few accounts or asking to have your credit limits reduced. Avoid closing too many accounts - especially the oldest accounts on your credit report - because it could harm your credit score. Closing the oldest accounts can damage your score by making the length of your credit use appear shorter. ( I only have 8 accounts and two of them are my mortgage and 1 is my car.
Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: There are too many personal finance accounts on your credit report.

When did we start listening to what TC has to say?
Message 2 of 5
Valued Member

Re: There are too many personal finance accounts on your credit report.

Is your score really good?  Maybe they have no other suggestions to offer and they're reaching.
Message 3 of 5
Frequent Contributor

Re: There are too many personal finance accounts on your credit report.



Banshee wrote:
Is your score really good? Maybe they have no other suggestions to offer and they're reaching.



the funny thing is that, tu is my highest score about 720
Message 4 of 5
Moderator Emeritus

Re: There are too many personal finance accounts on your credit report.

TrueCredit gives/gave me this as well- I have 1 from almost 7 years ago.

Like I said, When did we start listening to True Credit?
Message 5 of 5