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@Anonymous wrote:
@dragontears wrote:
@Anonymous wrote:
I think it relates to the derogatories now the additional members have shed light.
There is a reason code that says too few or too many bank cards and that’s usually under 3 or over around 16, IIRC.I think your numbers are off, I pulled a 3B report today and see the "too few or too many" on my TU mortgage scores and I have 12 open cards.
@dragontears I'm positive I did not have it when I had that few cards. I wonder if it counts closed cards? Do you have a few closed cards on your CR by chance? I'd have to go back and look to check the numbers, but I think it showed up at 15 or 16. I thought it was 16. I definitely didn't have it at 12.
Maybe it's scorecard related? May I know, assuming your profile is clean, your oldest account, youngest revolver, and number of accounts?
Version 8?
@Anonymous
Oldest account: opened 10/97 (paid off student loan)
Youngest account: 13 months (HELOC)
Total number of accounts: 28
Total open revolving accounts: 12 cards + HELOC (if I remember right, HELOC counts as revolving for mortgage scores)
Total closed revolving accounts: 2 credit cards (EQ has an extra closed card)
TU4: 757
Reason codes:
1. You have too few or too many credit accounts
2. You opened a new credit account recently
3. You have not established a long revolving and/or open-ended account credit history
4. You have too many credit accounts with balances
TU8 825
Reason codes:
None provided
@dragontears Interesting. We are both in clean/thick/aged profiles.
Right now, I’m in a new account card while you’re in the no new account card on version 8, but who knows where the new account threshold is on 5-4-2.
Not sure which one of those I was in when I had 12 cards either, but I don’t think that would make a difference. maybe thin/thick or young/old, but we’re both thick and old.
When I get time I’m gonna try to go back and see if I can access my reports and see at what number it showed up on mine, but maybe it was already there and I just had four codes and it was pushed off.
Thanks for the data points.