TU too many accounts

Anonymous · ‎05-09-2014

Just pulled my three CRA report from here. The TU-98 score is very different from the others and from TU-08, but I guess that is expected. Why did surprise is the sole negative factor (from TU) "You have too many credit accounts". It lists 40 closed and open on TU, and says high achievers have an average of 6 currently paid as agreed. That seems low to me if it includes closed accounts (not sure what "currently" means here) and it is just open, my 40 should be a lot less. Still, I guess no-one cares about TU-98 these days!

Anonymous · ‎05-09-2014

I checked my EX FICO on PSECU today, and was told that I have "not established a long revolving credit history".

I would simply ignore any reason that seems bogus sounding.

Shogun · ‎05-09-2014

I had one that said my CL limits are too low. I haveover $100K spread over 10 cards.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Revelate · ‎05-09-2014

@Shogun wrote:
I had one that said my CL limits are too low. I haveover $100K spread over 10 cards.

Fool! You should have 200K of course!

CreditHealthy · ‎05-09-2014

LOL! That was too funny Revelate!

What's in my sock drawer? NFCU LOC 15,000] NFCU Cash Rewards 20,000][ Golden 1Platinum Rewards Card 6,600 Discover It 5,000,] {NFCU goRewards 17,500} Barclaycard 1250.00,]Cap one 750.00 ], Watering my garden for the next five years:-)
EQUIFAX 727 EXPERIAN 732 TRANSUNION 743 FICO} STARTING SCORE....554 July 2013

Shogun · ‎05-10-2014

@Revelate wrote:
@Shogun wrote:
I had one that said my CL limits are too low. I haveover $100K spread over 10 cards.
Fool! You should have 200K of course!

Guess I better get to work!

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.