topic Re: TU / EQ Dinging Me For Too Many Open Accts in Credit Cards

TU / EQ Dinging Me For Too Many Open Accts

Scuba — Wed, 06 Jul 2011 00:50:11 GMT

I know when you pull TU / EQ it is not a FICO and their reasons for your FAKO scores don't mean much but . . . .

On my TU and EQ, it says my scores could be higher but I have too many open accounts.

How many is too many open accounts?

Re: TU / EQ Dinging Me For Too Many Open Accts

Anonymous — Wed, 06 Jul 2011 01:09:25 GMT

I think it is a very personal thing. How many can you keep track of?

I have been turned in the past, for having too much available credit. That is, If I used it all, the debt load would be too high.

Like you said, the TU/EQ reason is meaningless.

Re: TU / EQ Dinging Me For Too Many Open Accts

Scuba — Wed, 06 Jul 2011 01:46:07 GMT

I don't have too much avail credit. . . Just too many open accounts according to TU / EQ.

In fact, the other ding is the avail credit is too low.

My biggest CL are 15K, 8K, 6.5K and 6K. This is small compared to the high rollers on this forum with lines north of 20K

I also have a World MC that doesn't report the $15K trade line.

I have 3 low useless cards that are taking up space and I just yesterday closed by Barclay card that only had a $2k CL in an effort to do some gardening.

Re: TU / EQ Dinging Me For Too Many Open Accts

MarineVietVet — Wed, 06 Jul 2011 01:55:53 GMT

@Scuba wrote:
I know when you pull TU / EQ it is not a FICO and their reasons for your FAKO scores don't mean much but . . . .

On my TU and EQ, it says my scores could be higher but I have too many open accounts.

How many is too many open accounts?

I'm not sure what you mean by this. If you buy your TU and EQ scores and reports here they are both true FICO scores. You can't get your TU score anymore except from a lender (as far as I know). Equifax will still sell you a FICO score but you have to look very hard to find it. You can get to it here: www.equifax.com/web-myfico-products/

Where did you get those scores and reports? With FAKO scores many times you'll also get FAKO advice which needs to be ignored.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".