According to FICO, one of the negs is that I have too many new accounts.
Dont feel bad. I took out a simple auto loan and FICO is going off on its " too many new accounts" tangent despite both the auto loan and student loan being the only non derrogatory trade lines on my files. Mind you FICO also points out at the same time I dont have any revolving accounts and need some. How can I have "too many" new accounts and not enough revolving accounts at the same time? Constant double talk, cant make up it's mind, nothing is ever right, want and not want something at the same time, always something more that needs to be done, even when there is nothing left to do-- it still isnt happy... Sometimes I seriously think FICO was was given a female mindset. You can dot every i, cross every T, even get the p's & q's facing the right way, but something will always be wrong according to FICO. Even if your accounts "age" I'm sure FICO will still nitpick something out of left field like: " too many open accounts" or " Average age of accounts is too low "