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Red Flag, but not negative factors

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Anonymous
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Red Flag, but not negative factors

When I look at my fico score, it says there are no negative actions that affect score or something like that (when it shows the see-saw graph).  When I look at my summary however it shows a little red flag by number of accounts (most of which are closed).  Is there something I should be looking for or what other information would you need to determine that.
 
Thanks.
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Red Flag, but not negative factors

how many are open and what is the total of open and closed accts?
Message 2 of 6
Anonymous
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Re: Red Flag, but not negative factors

That little flag pops up with 30 total acounts and I have no evidence that it means anything-
 
Even when I went over 30 - no change in FICO,
Message 3 of 6
Anonymous
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Re: Red Flag, but not negative factors

I have a total of 38 accounts.  6 with balances.
Message 4 of 6
Anonymous
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Re: Red Flag, but not negative factors

and I have a total of 8 open accounts
Message 5 of 6
haulingthescoreup
Moderator Emerita

Re: Red Flag, but not negative factors

Yep, as Timothy said, there's a flag, but there does not appear to be any negative effect actually associated with it.

An early "cool your jets" warning, maybe? Smiley Very Happy

But in fact, as credit has been transformed over the last 10 years or so, I'd say many people with 20 and 30+ years' worth of credit will be seeing this flag.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 6 of 6
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