topic Re: Optimizing scores in myFICO® Product Feedback

Optimizing scores

Anonymous — Mon, 16 Mar 2015 20:30:38 GMT

I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 21:03:00 GMT

@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.

Getting demanding now. The magic number range is between somewhere less than and more than enough.

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 21:35:04 GMT

@Anonymous wrote:
@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.
Getting demanding now. The magic number range is between somewhere less than and more than enough.

As a test, I just applied for 400 new credit cards. Once they report, I will see if the reason goes away. If it doesn't, not sure if I should apply for lots more, or close most of the cards and wait 10 years.

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 22:11:01 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.
Getting demanding now. The magic number range is between somewhere less than and more than enough.
As a test, I just applied for 400 new credit cards. Once they report, I will see if the reason goes away. If it doesn't, not sure if I should apply for lots more, or close most of the cards and wait 10 years.

All of the above.

Re: Optimizing scores

Themanwhocan — Mon, 16 Mar 2015 22:47:04 GMT

@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.

https://www.youtube.com/watch?v=aU4pyiB-kq0

Re: Optimizing scores

kaw943 — Mon, 16 Mar 2015 23:20:58 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.
Getting demanding now. The magic number range is between somewhere less than and more than enough.
As a test, I just applied for 400 new credit cards. Once they report, I will see if the reason goes away. If it doesn't, not sure if I should apply for lots more, or close most of the cards and wait 10 years.

are you for real you applied for 400 ne credit cards???? what is your score now?

Re: Optimizing scores

CreditCuriosity — Mon, 16 Mar 2015 23:24:23 GMT

@kaw943 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.
Getting demanding now. The magic number range is between somewhere less than and more than enough.
As a test, I just applied for 400 new credit cards. Once they report, I will see if the reason goes away. If it doesn't, not sure if I should apply for lots more, or close most of the cards and wait 10 years.
are you for real you applied for 400 ne credit cards???? what is your score now?

lol

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 23:35:11 GMT

Fico = Goldilocks

The magic no is: your age x 5 / number of household pets - the current temp (Calvin). Everyone knows that!

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 23:39:27 GMT

Oops Kelvin w/ a K

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 23:49:53 GMT

@Anonymous wrote:
Fico = Goldilocks

The magic no is: your age x 5 / number of household pets - the current temp (Calvin). Everyone knows that!

Current temp where? Where you are, or at the CRA? Sounds pretty hard to get it right, just as you do, the temp changes and you get dinged....

Re: Optimizing scores

psm — Mon, 16 Mar 2015 23:57:05 GMT

Is it ((age x 5)/pets) - Kelvin or (age x 5)/(pets - Kelvin) ?

Re: Optimizing scores

Anonymous — Mon, 16 Mar 2015 23:57:53 GMT

Fargo, ND

Re: Optimizing scores

Themanwhocan — Tue, 17 Mar 2015 01:53:34 GMT

@Anonymous wrote:
Fargo, ND

I though it was the temp in Moorhead, MN.

Re: Optimizing scores

New_Beginning — Thu, 19 Mar 2015 21:20:41 GMT

@Themanwhocan wrote:
@Anonymous wrote:
I assume others have commented , but I just pulled my 3 bureau here with all the various scores. I can't help be amused at the reason codes though:

Bankcard 5: You have too few or too many revolving accounts

Bankcard 4: You have too few or too many credit card accounts

Couldn't they have put in just a little extra code to indicate whether it was too few or too many? And there must be a magic number/range.
https://www.youtube.com/watch?v=aU4pyiB-kq0

LOL!!!!!!!