Does anybody have PROOF that Many tradelines and Store cards are bad?

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Is having a zillion store cards bad? Probably not. Is it necessary to quickly build a nice Fico score? Nope, as was clearly demonstrated by Callandra in that other thread.

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I really do hope Callandra does get around to posting a screenshot of her account summary and perhaps AAoA.

She does not know her AAoA and probably doesn't know she has alot of old accounts sitting on her CR.

That would be the first piece of concrete evidence that you can actually hit a 780 with only 6 accounts in 2 years.

If I am wrong about it, I'd be the first to admit it.  

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I don't need a screen shot. I believe her. Just like I believed you before you posted your screen shots.

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I believe her too.  She's very nice and genuine.  Her score is impressive and I truly would like to know if that method works as well.

She is the one that stated that she doesn't know her AAoA; that is why I'm trying to find more info.  

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Than why are you asking for screen shots?

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Because she does not know her AAoA or how to calculate it.  It's quite possible there are old accounts still sitting on the CR that she doesn't know about.

Definitive proof will squash speculation and we will have our answer.

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The AAoA argument is irrelevant, and a straw man. She made it crystal clear that she got her first account in April 2013, (a car loan), and that she had no credit prior to that. There was no ambiguity about that. You think she simply forgot about accounts she may have had?

[NRB525]

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@Anonymous wrote:

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@NRB525 wrote:

In order to let those of us who are clueless become less so, could someone post some summary of what Callandra's score and proposed list of cards is to obtain that score?

As to the request for screen shots, that makes sense. One of the problems with debating FICO scoring is, people cherry pick the bits they want to show, but often (as in the "Understanding FICO Scoring" board where people post alarmed score drops for inoccuous $2 balance changes) don't show the full story. A screen shot helps get to more information. in FICO discussions, more information is always better.

And I think it is generally agreed a large number (more than 3) New Accounts is often a problem in apping. A large number of aged accounts may or may not be a direct issue, depending on the file.

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Check the third link in the opening post of this thread.

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Callandra needs to provide more info. Sorry. First off, "high 700"s" is not 800 in 2 years, noted that it may be "in another year or two". Plus, Callandra states clearly these are not MyFICO scores, she's not paying for them, so where are they from? High 600 to start implies some weakness to start. Was there a negative? Where was that openning score from? I don't give this credit as a proof point of getting to 800 in 2 years with 2 accounts without pictures. Sorry.

[Anonymous]

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@Anonymous wrote:

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You think she simply forgot about accounts she may have had?

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Yes Sir. 

That happens to me all the time and to several people I know.  

Oftentimes, we have accounts we don't even know were open sitting on our CR.  Some people simply thought the account was closed and off the CR but it's still sitting there 

How many posts have we seen at MYFICO stating that people forgot they even had the account in the first place?

http://ficoforums.myfico.com/t5/Bankruptcy/Forgot-to-include-card-in-chapter-7/td-p/3976547

[myjourney]

This subject was once touched on by a back office employee who worked for a few large banks and is a very good read for a lot of reasons 

Short story......... on manual review they look at more than one SCT as risky YMMV

I would assume the person is an UW or analyst 

http://ficoforums.myfico.com/t5/Credit-Cards/Ask-A-Back-Office-CC-Company-Employee-ANYTHING/m-p/3815...

[Anonymous]

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@NRB525 wrote:

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@Anonymous wrote:

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@NRB525 wrote:

In order to let those of us who are clueless become less so, could someone post some summary of what Callandra's score and proposed list of cards is to obtain that score?

As to the request for screen shots, that makes sense. One of the problems with debating FICO scoring is, people cherry pick the bits they want to show, but often (as in the "Understanding FICO Scoring" board where people post alarmed score drops for inoccuous $2 balance changes) don't show the full story. A screen shot helps get to more information. in FICO discussions, more information is always better.

And I think it is generally agreed a large number (more than 3) New Accounts is often a problem in apping. A large number of aged accounts may or may not be a direct issue, depending on the file.

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Check the third link in the opening post of this thread.

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Callandra needs to provide more info. Sorry. First off, "high 700"s" is not 800 in 2 years, noted that it may be "in another year or two". Plus, Callandra states clearly these are not MyFICO scores, she's not paying for them, so where are they from? High 600 to start implies some weakness to start. Was there a negative? Where was that openning score from? I don't give this credit as a proof point of getting to 800 in 2 years with 2 accounts without pictures. Sorry.

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She posted her Barclays score - 782 - which is a TU Fico 8, the same as is provided by MyFico. And she did not claim she did it with two accounts.

[Anonymous]

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CAPTOOL wrote 

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She posted her Barclays score - 782 - which is a TU Fico 8, the same as is provided by MyFico. And she did not claim she did it with two accounts.

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I don't doubt the validity of the score, very impressive.  You must admit it is unusual for such a high score in 2 years and only 6 tradelines ever.

You yourself have 6 active cards and a 800+ score, may I ask how many years your AAoA and your total number of lines on your CR?  Do you have old accounts?  Respectfully asking Sir, you don't have to anser if I'm being too nosy.

[Anonymous]

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@Anonymous wrote:

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CAPTOOL wrote 

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She posted her Barclays score - 782 - which is a TU Fico 8, the same as is provided by MyFico. And she did not claim she did it with two accounts.

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I don't doubt the validity of the score, very impressive.  You must admit it is unusual for such a high score in 2 years and only 6 tradelines ever.

You yourself have 6 active cards and a 800+ score, may I ask how many years your AAoA and your total number of lines on your CR?  Do you have old accounts?  Respectfully asking Sir, you don't have to anser if I'm being too nosy.

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I answered that question - in detail - the last time you asked it.

ETA: And it's no longer over 800. It's dropped to 795 from its peak.

[Anonymous]

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@Anonymous wrote:

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I answered that question - in detail - the last time you asked it.

ETA: And it's no longer over 800. It's dropped to 795 from its peak.

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LoL, now I remember.

You have the magical AMEX BD.  

I remember something you said before too about having over 10 years AAoA if you had applied for just 3 AMEX

[Callandra]

This will be my last post regarding this issue. 

I have told 100% the truth. I do not think my credit history is outlandish and is actually far more believable than some of the other things posted on this forum at times. However, I have never called anyone out (I believe there used to be a thread here called "what to do if you think a poster is full of it" and the advice was ignore it and that's what I do) and I do not like being asked to provide more proof. I know I am telling the truth and that's all that matters to me. And I do not care if my posts here are not counted as being important and not respected by those who choose not to believe me. I should not have to provide more proof as most other posters are taken at their word no matter what. I work for an online business and one of the hazards is getting people that do not believe we are a real/legitimate company and they send tons of emails or call harassing us for proof we are real. We give them reasonable proof and if they still don't believe us, we just ignore it. We don't spend our lives trying to prove something to someone who just wants more and more proof. 

I will however, give a brief history of my life. I started college in 2003 and graduated 12/2007. I never had a student loan (my dad paid for my college and I saw him write a check every semester; he showed it to me to remind me not to waste his money and to get good grades). I once tried to get an American Eagle card in college but was denied due to lack of history (I had no understanding of how credit worked back then). I didn't care that much since I knew I was leaving the country anyway.

So as stated before, I graduated 12/2007 and I left the US in spring of 2008 to live and work in Japan. I came back in April of 2013 and started my credit history with a car loan at the end of the month (I had to buy a car as my parents sold the one I was using prior to leaving). So that is why I never had any US credit history as I was not here and not something I needed or even cared about. 

If there are any accounts older than my car loan, I have no knowledge of them and they were not opened with my consent. I do not have any accounts I have "forgotten" about as I had no reason to even want credit here anyway! (Yes, I actually did plan to live in Japan for much longer than 5 years)

So if you don't believe me, that's okay! I actually do not care and I don't care if you keep saying "well you didn't provide proof." I shouldn't have to provide proof. It's pretty rare for others to do so I'm not sure why I need to. 

Peace out all and I'll still be here posting and trying to give advice. 

[Its_Me]

My daughter has a ~746 FICO with just one credit card,. And she never used it. No other credit cards, no student loans, car loans - no nothing. It started as a secure card from Fifth Third bank with a credit limit of $300, not quite 3 years ago. A couple months ago she received a letter from the bank with her credit score (not sure what version though) and they graduated it to an unsecured card. I think she used it for the first time last month.