How Adding New Accounts Affect Mortgage Score ?

Horseshoez · ‎03-06-2023

@donkort wrote:
Who will be the first "millionaire" when it comes to credit limits?😊

LOL, sure as hell won't be me; I am more than satisfied with the $39,000 total limit I currently have (easily 10 times my typical monthly spend and 5 times my max monthly spend).

Chapter 13:

Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
Filed: 26-Feb-2015
MoC: 01-Mar-2015
1st Payment (posted): 23-Mar-2015
Last Payment (posted): 07-Feb-2020
Discharged: 04-Mar-2020
Closed: 23-Jun-2020

I categorically refuse to do AZEO!

In the proverbial sock drawer:

TRC_WA · ‎03-07-2023

FWIW as of today my mortgage scores are:

EQ 690

TU 698

EX 678

While my FICO 8's are:

EQ 660

TU 651

EX 669

I've added a bunch of new accounts in the last year.

FICO8 current as of : 4-6-25 EQ: 736 TU: 728 EX: 722
Hard INQs last 12 months: EQ: 0 | TU: 0 | EX: 0
Verizon Visa $8500 Amex Delta Reserve $10,000 Care Credit $18,000
NFCU CashRewards $7500 Apple Card $7000 Best Buy $8000 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) 6.95%
NFCU motorcycle loan (2024 Harley Davidson Road Glide - Alpine Green & Chrome) 9.45%
Total CL: $64,000 --- Total CC UTI: 31% --- AAoA: 6.5 years --- Income: $200k
Last app: 4-6-24

Re: How Adding New Accounts Affect Mortgage Score ?

Re: How Adding New Accounts Affect Mortgage Score ?