topic too few accounts ??@@@!!! in Understanding FICO® Scoring

too few accounts ??@@@!!!

pokerpro — Tue, 24 Jul 2012 23:21:00 GMT

Now thats new for me

I just learnt that I am being dinged on both TU & EQ . both citing that I have too few accounts reporting as agreed

The problem is that I closed most of my low limit AF post BK rebuilder accounts. And have not applied for four years

basically I am AU on like four cards and two joint with my wife.

lesson learnt I guess - I opened three individual accounts

Barclays

Discover more

Walmart

any idea timelines to help me offset that negative remark of two few accounts paid as agreed

Re: too few accounts ??@@@!!!

AndySoCal — Wed, 25 Jul 2012 02:14:43 GMT

Here is a link to a suggestion that might help you

http://www.scoreinfo.org/FICO-Scores/Score-Factors.aspx

scroll down till you see the reason you are looking fro

Re: too few accounts ??@@@!!!

pokerpro — Wed, 25 Jul 2012 08:41:42 GMT

Thank you Andy Now that I opened three new accounts Shall I remove myself from the AU ones

Re: too few accounts ??@@@!!!

AndySoCal — Thu, 26 Jul 2012 02:41:39 GMT

You can. If your wife has you as an AU on one or more of her cards I would leave that alone I say this because of a newest FICO score model.

Re: too few accounts ??@@@!!!

MarineVietVet — Thu, 26 Jul 2012 02:56:35 GMT

@pokerpro wrote:
Now thats new for me

I just learnt that I am being dinged on both TU & EQ . both citing that I have too few accounts reporting as agreed

The problem is that I closed most of my low limit AF post BK rebuilder accounts. And have not applied for four years

basically I am AU on like four cards and two joint with my wife.

lesson learnt I guess - I opened three individual accounts

Barclays
Discover more
Walmart

any idea timelines to help me offset that negative remark of two few accounts paid as agreed

I'm a bit confused because you write 2 different things:

too few accounts reporting as agreed

two few accounts paid as agreed

In the FICO Risk Score Reason Codes there is no negative impact for too few accounts reporting as agreed but there is for too few accounts currently paid as agreed.

I was wondering which one is actually listed. If you have any late payments that would explain the "too few accounts paid as agreed" comment.

Re: too few accounts ??@@@!!!

pokerpro — Thu, 26 Jul 2012 13:07:06 GMT

Hi Marine

My apologies

it is infact too few account currently reporting as agreed. which is why I am convinced its ignoring the AU accounts

This is beacuse I only have two joint accounts

Four AU

none individual (open) I have plenty of positive tradelines but closed

I have no negative remarks whatsoever other than an 8 year old BK

and that all led to me openning the three new tradelines

appreciate your insight

Re: too few accounts ??@@@!!!

MarineVietVet — Thu, 26 Jul 2012 17:22:08 GMT

@pokerpro wrote:
Hi Marine

My apologies

it is infact too few account currently reporting as agreed. which is why I am convinced its ignoring the AU accounts
This is beacuse I only have two joint accounts
Four AU
none individual (open) I have plenty of positive tradelines but closed

I have no negative remarks whatsoever other than an 8 year old BK

and that all led to me openning the three new tradelines

appreciate your insight

Are these from reports from myFICO? I assume they are but want to be sure. And these factors affecting your score are listed on page #2?

I'm still not sure where that comes from since it's not listed in thr Risk Reason Codes. Let me ask around and try to get an answer. I am the first one to admit when I don't know/am unsure what the right answer is.