How to remove closed "Too many accounts"

[Junejer]

Her LOC has no balance, per post #1.

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Revike wrote:
You mention "Mortgage & LOC" - is that a home equity line of credit and are you carrying a balance on it? If so, what is the balance and what is the total LOC amount? Certain LOCs are categorized as revolving credit and can impact your score ...

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[Anonymous]

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@Junejer wrote:
Her LOC has no balance, per post #1.

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@Anonymous wrote:
You mention "Mortgage & LOC" - is that a home equity line of credit and are you carrying a balance on it? If so, what is the balance and what is the total LOC amount? Certain LOCs are categorized as revolving credit and can impact your score ...

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Thanks - I missed that piece of information ...

[Anonymous]

I only have three debts.  House, car and I use one credit card normally.

Equifax provided a summary:

Mortgage - (2) -  Bal $156K  - Avail = $78,500, which is the Equity line with no balance.

They say the total available credit is $258,500, so they must have assigned the original mortgage of $180k as the available credit.  I guess they have no way of knowing I have an appraisal of $850k, the county has me at $599, who knows the value now, but I'm golden.

Installment:  The car $14k avail, owe $11,485

Revolving (10)  - 2 with balances - Grand total avail credit $121,100

                          Citibank  $540, Available credit $21k

                          My AAA (BOA now) card had the annual $79 fee on it with $40k Avail

That's it! $619 plus my house and car.

Never paid a bill late in my life and I detest debt.

Transunion 792, it was 795 in Oct.

My Fico report only gave me one score! 

It said that Equifax was "unavailable," Experian went away, so why pay for a quarterly service?

My husband thinks I'm crazy caring.  I'm already in the highest bracket.

Natl City has offered -0- closing costs to refinance  6.375% to 5.5%

I'm waiting to see if they will go lower. I guess they don't want to lose their primo loans.

I'm pre-paying so it is paid off when I am 61.

I got married in October.  I assumed that it would effect my score, but we only added each other to the bank accounts.  How does that work?

[haulingthescoreup]

Your bank accounts have nothing to do with your credit. They're not reported, so they don't factor in to your scores.

Very wise to keep your credit separate! For those who need to, joint on a mortgage is fine, but it's so fraught with potential problems on CC's. One thing that no one things about is that if one partner has a medical disaster not covered by insurance, and that person has to declare bankruptcy, the other partner is insulated if not a joint account holder.

Most lenders --certainly not all --have authorized user status. That way you can share usage of the card, but the ownership resides with only one of you. For instance, my husband is AU on my PenFed gas card, because that is part of our family financing to get the 5% cash back on gas and 2% on groceries, but the card is in my name only.