Too Many Accounts

[smallfry]

From my TU report yesterday. 3rd negative reason. FICO High Achievers have an average of 6 accounts paying as agreed. TU went to 30 accounts this month with the addition of a new credit card. Negative reasons went from 2 to 3 score actually went back up letting 2 balances report rather than 1 other than installment(s).

[haulingthescoreup]

That "too many accounts" thing seems to be without teeth, doesn't it?

Interesting that TU wanted one additional account with a balance. Truly, they are mysterious.

[MidnightVoice]

A few weeks ago TU suddenly decided I had too many accounts, and took away 30 points.  There have been no new accounts this year, my score had been stable for months, they just decided that a change was in order

[haulingthescoreup]

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@MidnightVoice wrote:

A few weeks ago TU suddenly decided I had too many accounts, and took away 30 points.  There have been no new accounts this year, my score had been stable for months, they just decided that a change was in order

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Wow, then I take back what I said about it being a warning without teeth!

[MidnightVoice]

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@haulingthescoreup wrote:

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@MidnightVoice wrote:

A few weeks ago TU suddenly decided I had too many accounts, and took away 30 points.  There have been no new accounts this year, my score had been stable for months, they just decided that a change was in order

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Wow, then I take back what I said about it being a warning without teeth!

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And that is with a total of 21 accounts on TU

[smallfry]

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@haulingthescoreup wrote:
That "too many accounts" thing seems to be without teeth, doesn't it?

Interesting that TU wanted one additional account with a balance. Truly, they are mysterious.

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In the public record bucket Hauling that seems to be what they want. In another bucket I hear they don't care as much.

[MidnightVoice]

I have no baddies whatsoever.  And I did nothing whatsoever.  Then suddenly - 30 point drop annd the new comment "too many accounts"

[Anonymous]

Too many accounts - No explanation. Was this when you hit the 20 yr age mark?

Message Edited by ilovepizza on 09-02-2008 03:39 PM

[MidnightVoice]

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ilovepizza wrote:
Too many accounts - No explanation. Was this when you hit the 20 yr age mark?

Message Edited by ilovepizza on 09-02-2008 03:39 PM

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Nope - oldest account 20 years and 10 months when it happened, average age 6 years (ish)