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What does Fico like to see for # of accounts with balances?

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Anonymous
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What does Fico like to see for # of accounts with balances?

One of my "red flag" items on my fico report is that the number of revolving accounts with balances is too high.  Anyone know the magic number?
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Anonymous
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Re: What does Fico like to see for # of accounts with balances?



ee wrote:
One of my "red flag" items on my fico report is that the number of revolving accounts with balances is too high.  Anyone know the magic number?


Less than half of them.

Edited to add: ...but more than zero.
 


Message Edited by cheddar on 03-04-2008 01:34 PM
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Junejer
Moderator Emeritus

Re: What does Fico like to see for # of accounts with balances?

ee, I would add that FICO likes to see less than half of all accounts with balances, not just revolving.






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