topic Re: 2 to 3 CCs in Understanding FICO® Scoring

2 to 3 CCs

Anonymous — Wed, 27 Oct 2010 12:10:39 GMT

How much score increase can you expect going from 2 to 3 open CCs with no other open accounts? I am considering adding myself as an AU on a store card so the AAoA will remain unaffected. The utilization will remain at 1% with a balance on exactly one card.

Can the score decrease going from 2 to 3 CCs?

Re: 2 to 3 CCs

Anonymous — Wed, 27 Oct 2010 14:27:19 GMT

Your score can be impacted by AAofA. What is it now and what will it be when you are added?

Do you have other accounts reporting?

Re: 2 to 3 CCs

Anonymous — Thu, 28 Oct 2010 18:57:28 GMT

AAoA will go from 7.9 to 7.8 years.

I have no other open accounts.

Re: 2 to 3 CCs

fused — Thu, 28 Oct 2010 19:02:26 GMT

Do you know your FICO scores? When did you open the two cards? Does this AU account have open date older than your two cards?

Re: 2 to 3 CCs

Anonymous — Thu, 28 Oct 2010 20:58:15 GMT

11 years and 1 month respectively. The AU would be 6+ years old.

Re: 2 to 3 CCs

Anonymous — Thu, 28 Oct 2010 19:36:01 GMT

@Anonymous wrote:
AAoA will go from 7.9 to 7.8 years.

I have no other open accounts.

Since AAoA is rounded down for scoring you'll be fine as far as that's concerned.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800, 10/10-813
TU - 10/10-774
You can do the same thing with hard work

Re: 2 to 3 CCs

fused — Thu, 28 Oct 2010 19:37:33 GMT

My best guess is this new AU account probably won't hurt your scores. That said, it might not help a whole lot either.