Hello Drill, and welcome to the forums. Please read Credit Scoring 101, if you haven't already. As VEEnVEGAS stated, those accounts are likely helping you. You want them to remain on your CR for as long as possible, if they are accounts in good standing (paid as agreed, no lates). Accounts fitting that description may report for up to 10 years from closed date.
Starting Score: 469
Current Score: 824
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge
Starting Score: 469Current Score: 824
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge
This is one of the reasons my sore is not higher? Most of these accounts are closed.
You have too many credit accounts.
Number of your credit accounts currently paid as agreed54 accounts
FICO High Achievers [?] have an average of 6 accounts currently paid as agreed.Your FICO score takes into account the number of accounts (such as credit cards or installment loans) on your credit report. You have a large number of accounts. In general, people who have a large number of accounts pose more of a risk to lenders than people with a moderate number of accounts.
What to do about this: Avoid opening more credit accounts at this time and as a general rule, if you don't need or plan to use credit, don't apply for it.
IDRILL4GASOIL wrote:
This is one of the reasons my sore is not higher? Most of these accounts are closed.
You have too many credit accounts.
Number of your credit accounts currently paid as agreed
54 accountsYour FICO score takes into account the number of accounts (such as credit cards or installment loans) on your credit report. You have a large number of accounts. In general, people who have a large number of accounts pose more of a risk to lenders than people with a moderate number of accounts.
What to do about this: Avoid opening more credit accounts at this time and as a general rule, if you don't need or plan to use credit, don't apply for it.
As best as we can tell, this is a flag without teeth --in other words, you're not losing more than a few points.
Do you have a lot of accounts that you closed in 1999 - 2000? If so, they'll start falling off soon enough. Don't start trying to get them removed early. There are all sorts of things that can blow up on you when this is tried.
