Mutual Funds?

[Anonymous]

I'm 20 right now and in New Jersey I can't have my investments under my name until I am 21. My dad opened a TD Ameritrade account for me a couple years ago and I've been investing in mutual funds. When I turn 21 we are going to switch everything over into my name (since it is all mine lol). My question is will having that extra equity increase my score at all? And would that show up if I applied for a CC or a loan since I can use that money to pay off debts? Thank you in advance

[Revelate]

No impact on scoring - assets like income don't factor into FICO's algorithm.

You can however declare the fund value as assets for CC and loan applications.