Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
09-26-2012 01:39 PM
Thank you, Creditnocash. I never read the fine print on credit scoring. Good example and info.
That teaches me (and everyone else) to never apply for another credit card if we wish to maintain a high credit score.
i wasn't saying never apply but most people only and (should only apply) when credit is needed not just when they want a bunch of cards.
amex is the only company that backdates so it wont hurt your credit if you open another card with them. just takes the inq.
if you have 15 cards with 10 yr history obviously 1-3 cards isnt going to hurt you that much.
with that 4 new cards drops your aaoa from 10 years to 7.9 years.
generally most high achievers have 5+ years according to myFico.
|Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)|
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012
|Amex Zync(Unicorn) |