05-15-2008 04:13 PM
RobertEG wrote:I am kind curious as to where you received the opinion that 29 CCs is ideal. I have never seen that anywhere. To the contrary, FairIsaac risk analysis has stated publicly that 2-3 cards is ideal, and risk rises above that (FairIsaac presentation before the FTC). FICO scoring is based on their risk analysis.Aside from the known risk anaylsis, I could not imagine the FICO task of managing 29 open CCs, maintaing the balance on each below 10%, and also trying to keep at least half with no balance. Why not just get a BT to an existing CC, and thus not incur a new hard inq in obtaining a new TL?I guess I just dont undestand the FICO strategy in this......
05-15-2008 04:18 PM
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